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...optional. A half-century after World War II, the U.S. remains the dominant power in the Pacific, and to the degree that it tries to maintain influence there, it will inevitably knock up against China's rising importance. The peace and prosperity of the world in the next century depend in many ways on what Beijing does. How should the U.S. handle it? There are essentially two prescriptions: a policy called comprehensive engagement, and one that goes under the old cold-war name, containment...

Author: /time Magazine | Title: CHINA: WAKING UP TO THE NEXT SUPERPOWER | 3/25/1996 | See Source »

...Petitions depend upon how a question is worded," he said. "This [petition] has not been thought through. That's the problem...

Author: By Matthew W. Granade, | Title: Committee Receives Core Petition | 3/19/1996 | See Source »

...goods. The goal of such retaliations should be to ensure free trade by forcing other countries to the bargaining table. Admittedly, this is easier said than done. But the United States remains by far the largest economic market in the world, a market that protectionist nations like Japan depend on to a far greater degree than the U.S. depends on their markets. For example, Japan currently sends 30 percent of its exports to the United States while we send only 11 percent of our exports there. At the same time, U.S. exports account for 24 percent of Japanese imports while...

Author: NO WRITER ATTRIBUTED | Title: Reassessing America's Free Trade Policies | 3/13/1996 | See Source »

...year 2014, Infinite Jest projects the U.S. as a grotesquely extrapolated present. Entertainment and commercialism have reached a climax. Everything is product. Numbered years have been replaced by sponsors' names. There is the Year of Glad, the Year of Dairy Products from the American Heartland, the Year of the Depend Adult Undergarment. The technology of pleasure has driven people deeper into themselves. There is a new political structure known as the Organization of North American Nations whose acronym is ONAN...

Author: /time Magazine | Title: MAD MAXIMALISM | 2/19/1996 | See Source »

...priority." Would he defend the island if China attacked? "Of course," he said emphatically. "But unlike Clinton, I'd make damn sure Beijing knew that up front. The so-called creative ambiguity that [Defense Secretary William] Perry pushes is ridiculous. Saying that the possibility of protecting Taiwan would depend 'on the circumstances' invites trouble. We should ignore China's claims to exceptionalism, stop psychoanalyzing the place, stop worrying that we might say something that offends them and state our interests clearly." Nothing emboldens tyrants more than mixed signals, Forbes said. "Truman got the Korean War because he was ambiguous...

Author: /time Magazine | Title: ABROAD WITH FORBES | 2/19/1996 | See Source »

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