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...People's Armed Police, an antiriot squad, responding to the demonstrations - not the potentially much more lethal People's Liberation Army. The government's dilemma is obvious: if Beijing insists publicly (and actually believes) it has been relatively restrained in its response to the unrest so far, what happens if the trouble in Tibet continues, or if something boils up somewhere else? A lot can happen between...

Author: /time Magazine | Title: The Ghost of Tiananmen | 3/20/2008 | See Source »

Economist Milton Friedman argued--and eventually convinced most of his colleagues--that it was the Fed's failure to keep enough dollars in circulation that made the Great Depression such a great disaster. No Federal Reserve chairman will ever let that happen again, so we probably shouldn't worry too much about bread lines and Hoovervilles in the near future. But the money supply is a blunt instrument, one that comes nowhere near addressing all of today's problems. "The issue is not one of liquidity but one of solvency," says Richard McGuire, a strategist at RBC Capital Markets...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...Bear. One may emerge as JPMorgan Chase's bean counters dig through the books, and some have fingered rumor-mongering short sellers who stood to gain as the stock dropped, but for now it mainly looks like just a sudden crisis of confidence. Which could conceivably happen to anybody. "It's a good old-time panic," says Scott MacDonald, co-author of Separating Fools from Their Money: A History of American Financial Scandals and director of research at Aladdin Capital, a fixed-income investment manager in Stamford, Conn. "We haven't had one in a while...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...invasion was going to happen, no matter if every faculty member in the United States had written an op-ed,” Keyssar said...

Author: By Lois E. Beckett, CRIMSON STAFF WRITER | Title: The Sound of Silence | 3/19/2008 | See Source »

...Long RoadThe central question surrounding Tibet, of course, is what will happen when the current Dalai Lama dies. In preparation for that event, the man has been stressing for years that the function of any Dalai Lama is only to fulfill the work of the previous Dalai Lama; therefore, any young child selected by Chinese authorities and declared to be the 15th Dalai Lama, a Beijing puppet, will not be the true "Dalai Lama of Tibetan hearts." As practical and flexible as ever and holding to the Buddhist ideas of impermanence and nonattachment, he told me as far back...

Author: /time Magazine | Title: A Monk's Struggle | 3/19/2008 | See Source »

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