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...free-market economics represents a universal and ideal economic order." "The influence of the U.S. is declining," Hatoyama wrote, in a "new era of multipolarity," and he went so far as to propose something like a European Union - with a single currency, no less - in East Asia. It is enough to make one wonder how well founded the U.S.-Japan relationship really is, and how resilient to a changing global environment it is likely...

Author: /time Magazine | Title: Rethinking an Alliance | 9/21/2009 | See Source »

...That simple sentiment - revulsion about the Wall and all it represented - proved powerful enough to reunify Niebank's fractured nation. After Nov. 9, 1989, when the G.D.R. abandoned border controls, the drive for unity provided an overarching purpose that for many years shaped national politics. Reunification was Germany's greatest achievement of the last century - greater, even, than its postwar reinvention as an economic powerhouse. But as Germany prepares for an election just a few weeks before the 20th anniversary of that magical night in 1989, the fall of the Wall has become not just a metaphor for what Europe...

Author: /time Magazine | Title: Germany's Election: Divided They Stand | 9/21/2009 | See Source »

...NASA. Some recommendations: an extension for the International Space Station program and a boost of $3 billion a year in NASA funding. The panel says the future of U.S. manned space flight is on an "unsustainable trajectory" and that the agency's annual budget of $18 billion is not enough to support what "really is rocket science...

Author: /time Magazine | Title: The World | 9/21/2009 | See Source »

...have managed, rather gracefully, far more change than we predicted would come; it turns out that our past's vision of the future was not visionary enough. This is often the case: reality puts prophecy to shame. "Sensible and responsible women do not want to vote," declared Grover Cleveland in 1905. Harry Truman, in his 1950 State of the Union address to mark the midcentury, predicted that "our total national production 50 years from now will be four times as much as it is today." It turned out to be more than 33 times as large. "It will be gone...

Author: /time Magazine | Title: What College Students Don't Know | 9/21/2009 | See Source »

...illegitimate child of Marx's. Hunt shows how factionalism was endemic among 19th century radical groups, nurturing poisonous seeds whose harvest became clear only when communism turned from theory into murderous practice. But he reminds us, too, that Engels' great work on the misery of early industrial life is enough to explain why communist theory--and revolution--was once so appealing...

Author: /time Magazine | Title: The Skimmer | 9/21/2009 | See Source »

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