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Sixty years ago Mao Zedong stood before a sea of people atop Tiananmen Gate proclaiming, in his high-pitched Hunan dialect, the founding of the People's Republic of China and that the "Chinese people have stood up!" The moment was marked with pride and hope. The communists' victory had vanquished the Nationalist regime, withstood the vicious onslaught of the Japanese invasion and overturned the century of foreign encroachment on China's territory. Moreover, Mao and the Chinese Communist Party (CCP) came to power without significant external support - theirs was largely a homegrown revolution. (See pictures of the making...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...nations on the technical details surrounding greater industry oversight may paper over a divisive philosophical gulf. The U.S. and Britain, with their instinctive support and dependence on free-market finance, are increasingly at odds with France and Germany, who are more skeptical about the benefits of unfettered capitalism and hope to win votes at home by controlling its excesses. But even among native English speakers, there's an intriguing debate taking place about the limits of finance, spearheaded by Adair Turner, the chairman of Britain's market regulator, the Financial Services Authority. To the dismay of some in the City...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...allegations of vote-rigging and electoral fraud following last month's Afghan elections haven't helped. President Hamid Karzai was once the West's great hope for Afghanistan - stylish and urbane, deeply versed in Afghan politics but not completely part of it, he seemed the perfect man to lead his country out of its darkest days. But Western capitals have found him an unreliable and often frustrating partner. The election has "raised a question in people's minds," says Colonel Christopher Langton, senior fellow for Conflict and Defence Diplomacy at the International Institute for Strategic Studies in London. "Why should...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

...carbon cap-and-trade bill before the year was up, dimming the chances for a global deal at Copenhagen. But, then, China pledged to improve energy efficiency, while progress was made toward crafting a way to use global carbon markets to slow tropical deforestation. That gave environmentalists some hope. "Overall, I still feel better than I did a week ago," said Carstensen. "We had 100 leaders in the U.N. in New York come together and they actually talked about climate change in a significantly committed way. We have the door open...

Author: /time Magazine | Title: G20 Leaders Agree, Broadly, on Climate Change | 9/26/2009 | See Source »

...encouraged it, those who planned and designed it, and those who implemented it. If we are looking for a better world, we have to insure that these memories are not recreated and not take steps that will only add to those bitter memories of the best. We certainly hope this new shift will occur. We'd like to see a world filled with friendship and paternity, but at the end of the day everyone is free to make their own decisions, but baring the consequences. I wish you every success...

Author: /time Magazine | Title: TIME's Interview with Iranian President Mahmoud Ahmadinejad | 9/25/2009 | See Source »

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