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...moon of the lunar month of Kartika marks Diwali, the Indian festival of lights, when Hindus across the country worship the goddess of wealth, Lakshmi. But divinities know full well the laws that govern finance, and Lakshmi may now be a little tight-fisted about circulating her riches amid the ongoing global credit crunch...

Author: /time Magazine | Title: Mirroring the US, India's Real Estate Sector Melts Down | 10/20/2008 | See Source »

Both campaigns have evoked the ghost of Harry S. Truman, a salt-of-the-earth fellow whose honesty and common sense allowed him to govern in Washington without being corrupted. So I began my trip near the leafy street corner in Independence, Mo., where Truman had his home. I strolled the downtown sidewalks along which the former President took his morning constitutional after he returned home from building the postwar world. In a shop near the courthouse, I asked the woman behind the counter what she was thinking about the election. She replied that she was a lifelong Republican...

Author: /time Magazine | Title: For White Working Class, Obama Rises on Empty Wallets | 10/12/2008 | See Source »

...hurt, that there will be a price for our profligacy and that some hard shoveling will be necessary to get out of this hole. Indeed, that knowledge is what has made Obama's success possible. But if he wants to do more than merely succeed, if he wants to govern successfully, he is going to have to trust the people as much as they are beginning to trust him. After years of happy talk from politicians, that is the change we really need...

Author: /time Magazine | Title: The Obama Surge: Will It Last? | 10/9/2008 | See Source »

...Obama looks will not, of course, determine how he would govern if elected. Because he spent part of his childhood in Indonesia, and because he appears international in outlook, some Asians have high hopes for an Obama presidency. The thoughtful Malaysian commentator Karim Raslan warns, however, that Obama could prove disappointing to even those Asians who like him. "There's this idea that Obama will be a transformational figure, a leader of the world," says Karim. "But he's a Democrat, and Democrats have traditionally pushed protectionism and human rights, issues uncomfortable for Asia. Obama's key constituency...

Author: /time Magazine | Title: Race to Judgment | 10/8/2008 | See Source »

...United States and China move closer and closer to consensus on a variety of major international issues, including the fight against terrorism, the denuclearization of the Korean peninsula, and the importance of free trade. A new national missile defense system would send an aggressive signal to the Chinese government and threaten to reverse all the diplomatic gains of the past three decades.What makes the Wolfowitz proposal even more appalling is that it proposes a massive increase in military spending just as the nation is suffering through a financial crisis of historic proportions. Causing needless confrontation with China by building...

Author: By The Crimson Staff | Title: Peace in the Pacific | 10/5/2008 | See Source »

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