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Even by the buttoned-up standards of central bankers, Alan Greenspan is not an effusive man. But one economic phenomenon has driven the U.S. Federal Reserve Board Chairman to reach for the superlatives: in March, he marveled at the "extraordinary" efforts of China and Japan to prop up the dollar...

Author: /time Magazine | Title: Asia's Burden | 6/21/2004 | See Source »

treaty they hope will make the E.U. more efficient (now that it has 25 members instead of the original six) and more democratic (by giving the European Parliament - the only directly elected E.U. body - a stronger legislative voice). There will be a new E.U. President who will serve a renewable...

Author: /time Magazine | Title: Closer Union Or Superstate? | 6/20/2004 | See Source »

He eventually became so vocally critical of such sanctified New Deal creations as Social Security and the Tennessee Valley Authority that GE abruptly dropped him in 1962, but Reagan was by now much in demand on what he liked to call "the mashed-potato circuit." When the conservatives rallied behind...

Author: /time Magazine | Title: The All-American President: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

For all Reagan's foreign policy successes, his final years were overshadowed by scandal. He had become committed to finding a way to free American hostages held in Lebanon. In 1985 his National Security Adviser, Robert (Bud) McFarlane, oversaw a scheme in which Israel, as a stand-in for the...

Author: /time Magazine | Title: The All-American President: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

He wasn't, of course. This was the actor's gift, to be both larger than life and disarming at the same time. He was, in fact, never so simple as he seemed. A fervent tax cutter, he raised taxes significantly four times as economic conditions and reform demanded. The...

Author: /time Magazine | Title: The All-American President: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

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