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Any consideration of China's transformation since 1949 must recognize the dramatic improvement in China's global posture. Sixty years ago the new People's Republic was cut off from the world, having diplomatic recognition only from a relatively small number of nations. It was excluded from the U.N. It...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

Some of the answers are technical. Regulatory oversight, almost everyone agrees, needs to be beefed up. There's also an emerging consensus on the need for banks to hold more capital and for their appetite for risk to be curtailed. But bigger issues are at stake too, ones that are...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

But G20 leaders put no specific numbers on the table, just a vague statement of intention that did little to clarify murky global climate negotiations: "Public and private financial resources to support mitigation and adaptation in developing countries need to be scaled up urgently and substantially," the statement said. Negotiators...

Author: /time Magazine | Title: G20 Leaders Agree, Broadly, on Climate Change | 9/26/2009 | See Source »

But influential movers in France are now eager to put the relationship back on a friendlier footing. In a recent paper French think tank Institut Montaigne laid out an ambitious agenda for the two nations, arguing that a new impetus is needed if Europe's voice is to be heard...

Author: /time Magazine | Title: Can France and Germany Fall in Love Again? | 9/26/2009 | See Source »

On matters of business and finance, Westerwelle is far from sharing France's passion for government meddling. Indeed, his calls for German tax cuts and fiscal restraint to bring down the budget deficit is diametrically opposed to Sarkozy's plans to spend his way out of the crisis with a...

Author: /time Magazine | Title: Can France and Germany Fall in Love Again? | 9/26/2009 | See Source »

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