Word: greates
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Kaufman, who has taught politics at Duke and holds an MBA from Wharton, traces the roots of the collapse to what he calls the "great regulatory meltdown" of the past two decades, a move that was largely endorsed by Summers when he served as Treasury Secretary under President Clinton. But the Senator has been careful to avoid criticizing Democrats directly. He says he has not talked with the White House - or former boss Biden - about these issues and has only words of praise for Connecticut Senator Chris Dodd, a onetime champion of deregulation who wrote the Banking Committee bill...
...March 5 interview with TIME, an Obama Administration senior official said it had been a close call for the U.S. "That we have the Manas base in Kyrgyzstan is a great achievement," he said. "Russia didn't want to allow us to have that. They put down $2 billion to get us out. But Obama had very frank discussions with [Russian President Dmitri] Medvedev. He said, If you believe we have a common enemy in Afghanistan, then this is going to help us fight that common enemy. Had we lost that, it would have been a major blow...
...Calming fireworks. It was the sort of request that tells a great deal about the charm and dangers of life in China. This is a country that runs on contradictions, whether it is the market socialism that now produces record economic growth or the plans for giant green cities, an idea that seems as likely as healthy cheeseburgers. This is a nation where party élites who have done well during the era of reform now complain ever more loudly about the ruling Communist Party. Split, ambitious, miraculous at times, but stretched on that line between past and future - this...
...past few months of unnerving tension between Beijing and Washington have reminded us, all this matters a great deal because of another of those mind-twisting ambitions China has: to rise to a position of great power without causing the international system to crumble. This seems unlikely. Few nations in history have managed such a feat. And to try it now, in our age of risk and surprise, where everything from financial markets to national security seems packed with the potential for detonation? It's hard to imagine such an adventure has much chance of success...
...What Obama will face as he sits with Hu is a choice between old ways of looking at the world and a new way of thinking about power. Nowhere will this emerging dynamic be clearer than in the links between the U.S. and China, the other great power of the age. We can think of what we face as a choice between polite stasis and co-evolution, between stalemate and a commitment to a mutually assured stability that can mark our future with China as clearly as mutually assured destruction once marked our ties to the Soviet Union...