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...Hong Kong stock exchange lost a quarter of its value after Margaret Thatcher, flush from her victory in the Falklands War, annoyed the rulers of communist China by foolishly seeming to suggest that Britain might be able to hold on to its colony - which prompted China to insist that it would do no such thing. At the same time, London and New York City were bywords of urban decay. In 1981, London had seen some of the most bitter riots in a century. The city was run by a hard-left political clique whose understanding of capitalism came straight from...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...insist and insist again, by Vague Generalities. We abhor V.G.’s, we skim right past them, we start wondering what kind of C to give from the first V.G. we encounter; and as they pile up we decide C- (Harvard being Harvard, we do not give D’s. Consider C- a failure). Why? Not because they are a sign the student does not know the material, or hasn’t thought creatively, or any of that folly. They simply make tedious reading. “Locke is a transitional figure...

Author: By A Grader | Title: A Grader’s Reply | 1/15/2008 | See Source »

This is the exact opposite of blaming the victim; it's blaming the customer - because Romney and his staff insist that the product itself is not flawed. "Romney represents the best candidate to continue beyond Iowa," Madden explained, patiently re-iterating the national security/social conservistism/economic conservatism triad (the fabled "Reagan coalition") that are the core competencies of brand Romney. "I don't believe Mike Huckabee has positions that are going to appeal to voters in New Hampshire, Michigan and South Carolina." And as for the negative ads - against both Huckabee and John McCain - that seemed to bait an already energized...

Author: /time Magazine | Title: Romney on the Ropes | 1/4/2008 | See Source »

...Bhutto Zardari's surprise appointment as the titular head of the Pakistan People's Party has sent Oxford police and university authorities scrambling for a new protection plan. It also has focused attention again on an old debate - between academics keen to preserve a collegiate atmosphere and police who insist on stringent protection for high-profile students...

Author: /time Magazine | Title: Protecting Bhutto's Son at Oxford | 1/4/2008 | See Source »

...Pakistani leaders, for their part, insist they never get the respect that is their due. The military has lost hundreds of soldiers battling extremists along the Afghanistan border. But terrorist groups continue to thrive in the lawless tribal areas; Musharraf says they are being protected by sympathetic locals in terrain that is impossible to police. Many Pakistanis - and some U.S. officials - believe Musharraf has been indulging in the most dangerous form of triangulation, balancing U.S. interests with Islamist sympathies to keep himself in power. "Musharraf uses the threat of the extremists to prove his utility and indispensability to the Western...

Author: /time Magazine | Title: Why Pakistan Matters | 1/3/2008 | See Source »

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