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...eagerly await the Olympics. Across China, nearly everyone I have met is proud of the Beijing Games, and a boycott will only turn them against the West. Without a doubt, China's state-controlled press would play up this angle, using a boycott to demonize Western nations and to fuel Chinese nationalism, the country's most potent, and dangerous, political force. In January, the People's Daily previewed this strategy, writing that China suffers "accusations from all over the world, including misunderstandings, sarcasm and very harsh criticism" over the Games. Shortly after Spielberg's withdrawal, Chinese bloggers, among the most...

Author: /time Magazine | Title: Playing the Games | 3/20/2008 | See Source »

...demand that this war end immediately. We ask that you join your peers in Harvard Yard at 2:30pm to express your rejection of this war and hope for peace. Let us remember the hundreds of thousands who have died. And in this remembrance, let us not find fuel for vengeance, but rather the inspiration to work together to a build a world of greater peace. No greater monument to the sacrifice of our peers is possible than a world in which we shall not feel compelled to send our own children to kill others’ children...

Author: By Alyssa M Aguilera and Paul G. Nauert | Title: This is Our War | 3/19/2008 | See Source »

...federal government will have spent $800 billion on the wars in Iraq and Afghanistan (government accounts make it hard to separate the two). However, this figure is just the “burn rate” spent on combat operations, such as transportation, equipment, fuel, combat pay, and employing the 100,000 contractors who support (and are supported by) the war effort...

Author: By Linda J. Bilmes, CRIMSON STAFF WRITER | Title: The Cost of War | 3/18/2008 | See Source »

Meanwhile, Japanese consumers are faced with a mixed bag. The slight appreciation of the currency helps in capping the rising cost of food and fuel, which have both become concerns due to price inflation. But because dollar-based profits from overseas will drop, corporations could cut back on capital investment and employment, which will have a spillover effect on households. "The negatives outweigh the positives," says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland...

Author: /time Magazine | Title: Japan's Strong Yen Problem | 3/14/2008 | See Source »

...entrepreneurs - the same class of people who brought us the Internet and biotech - those solutions won't leave the laboratory without political support. Right now there are countless smart new ways to get energy that won't destroy the Earth, but they're not price competitive with cheap fossil fuel power because they lack economic scale. As solar panels or wind turbines are produced in bulk, the price will fall - but that won't happen until government sends a strong signal to producers and energy consumers. And the only way to do that, Krupp argues, is through a carbon...

Author: /time Magazine | Title: Environmentalism 2.0 | 3/14/2008 | See Source »

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