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...just finished living through a long Gilded Age, in which rich Americans got richer, and more and more people began consuming conspicuously. The original Gilded Age began a century earlier, in the 1870s, during a laissez-faire boom that lasted - déjà vu! - from the end of one Wall Street and banking meltdown (the Panic of 1873) to the beginning of another (the Panic...

Author: /time Magazine | Title: Is China the New Us? Or Are We? | 8/3/2009 | See Source »

...idea of historical cycles can be reassuring: what comes down must go up. However, great nations can shrivel and empires do come to an end. And America in 2009 also looks as if it could rhyme, uncomfortably, with Great Britain circa 1909. A hundred years ago, the British were coming off a proud century as the most important nation on earth. But during the 30 years between the beginning of World War I and the end of World War II, the United States emerged as the unequivocal world leader, and Britain became an admirable also-ran. Applying that template...

Author: /time Magazine | Title: Is China the New Us? Or Are We? | 8/3/2009 | See Source »

...House of Lords, Britain's highest court, delivered a landmark ruling on July 30 when it said that the nation's assisted-suicide law must be clarified to spell out the circumstances under which authorities will prosecute someone who helps another person end their life...

Author: /time Magazine | Title: Britain to Clarify Its Assisted-Suicide Law | 8/3/2009 | See Source »

According to Britain's Suicide Act of 1961, "a person who aids, abets, counsels or procures the suicide of another" faces up to 14 years in prison. To get around the law, more than 100 British citizens have traveled to Switzerland to end their lives at Dignitas, an assisted-suicide clinic in Forch, near Zurich. But so far, no one who has accompanied a person to Dignitas has faced prosecution after returning to the U.K. The vagueness of the law pushed Debbie Purdy, a British woman suffering from multiple sclerosis who plans to end her life at the clinic...

Author: /time Magazine | Title: Britain to Clarify Its Assisted-Suicide Law | 8/3/2009 | See Source »

Speaking outside the House of Lords following the ruling, Purdy, 46, said she was "ecstatic," adding: "The decision means that I can make an informed choice, with Omar, about whether he travels abroad with me to end my life because we will know exactly where we stand...

Author: /time Magazine | Title: Britain to Clarify Its Assisted-Suicide Law | 8/3/2009 | See Source »

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