Word: greates
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...baby boomers were historically fortunate: they missed the Great Depression and World War II, and though they grew up with the hideous ambient hum of potential nuclear Armageddon, until they reached middle age, the only great national trauma was the one - the '60s and Vietnam - in which they were the self-regarding stars. The so-called millennials, on the other hand, have come of age during a period defined by the digital revolution, 9/11, financial bubbles bursting, a possible depression and the election - possibly their election - of an African-American President: the makings, frankly, of a healthier, more useful generational...
...published an essay in LIFE celebrating a national history that had "teemed with manifold projects and magnificent purposes ... It is in this spirit that all of us are called, each to his own measure of capacity, and each in the widest horizon of his vision, to create the first great American Century." And so we did. The question now is how far we can extend our heyday of manifold projects and magnificent purposes. Golden ages and empires do come...
...recurrent meme was that the President was risking "overexposure." As it is so often these days, his critics' model was WWFDRD? What would Franklin D. Roosevelt do? F.D.R. reassured and galvanized Americans during the Great Depression with his fireside chats on the radio, but he gave only about 30 in 12 years so that each one would be special...
...gather to gaze across the river, awestruck, at the ultramodern skyscrapers of Pudong that have transformed the city's skyline in not much more than a decade. It wasn't what was on the far side, though, that got my attention: it was the traffic on the river itself, great container ships, chuffing lighters, bulk carriers, every sort of waterborne vessel you could imagine carrying every imaginable cargo, churning up the waters...
...Zoellick got it just about right. Economic historians will long argue about the relative impact of trade restrictions - led by the U.S. Smoot-Hawley tariffs of 1930 - on the scale of the Great Depression. The U.S. economy was much less integrated into a global economic system then than it is now. But given the retaliation from America's trading partners after the new tariffs were applied, few would argue with Zoellick's assessment that the contraction of trade in the 1930s made the long downturn worse than it needed to be. "Protectionism," British Prime Minister Gordon Brown told TIME recently...