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...Skarssen. As the banker tells an African insurgent, "The real value of a conflict, the true value, is the debt it creates." Hearing the outlines of this conspiracy, today's viewer feels almost nostalgic, since it's a nightmare scenario from the first years of the U.S. occupation of Iraq. Who knew, back in the recent, relatively soothing past, that the bankers could deliver a more lethal blow to the world economy without a shot being fired - just by bundling toxic mortgages...

Author: /time Magazine | Title: The International: The Banker As Bad Guy | 2/12/2009 | See Source »

...some economic realism into our foreign policy [Feb. 2]. An America that shows an understanding of its limitations and a fiscal pragmatism in its foreign policy will command far greater respect abroad than one that takes the dogmatic, open-checkbook approach of the Bush Administration. But why stop with Iraq and Afghanistan? Barack Obama should look at the rationale for maintaining forces in Germany, Japan and South Korea. Even among our allies, our presence on their soil makes little sense to many and is not appreciated. Our days as the world's policeman are over, and that's a good...

Author: /time Magazine | Title: A Historic Moment | 2/11/2009 | See Source »

...some economic realism into our foreign policy [Feb. 2]. An America that demonstrates an understanding of its limitations and a fiscal pragmatism in its foreign policy will command far greater respect abroad than one that takes the dogmatic, open-checkbook approach of the Bush Administration. But why stop with Iraq and Afghanistan? Obama should look at the rationale for maintaining forces in Germany, Japan and South Korea - even there our presence is not appreciated. Our days as the world's policeman are over, and that's a good thing. Let's return to creating the goodwill and moral capital that...

Author: /time Magazine | Title: Inbox | 2/11/2009 | See Source »

...today's carefully stage-managed Washington, the last thing anyone expects from members of Congress is candor or spontaneity. So perhaps it's not all that surprising that Representative Pete Hoekstra unwittingly triggered a maelstrom of criticism last weekend when he Twittered about his trip to Iraq. "Just landed in Baghdad," the Michigan Republican typed on his BlackBerry, alerting the nearly 3,000 people who have signed up to follow him on the social-networking service of the trip that he and five others, including House minority leader John Boehner, had embarked on. Hoekstra, the top Republican on the House...

Author: /time Magazine | Title: Congress's New Love Affair with Twitter | 2/11/2009 | See Source »

...those stories was about Hoekstra's trip to Iraq and Afghanistan. On Tuesday, the Pentagon announced that in the wake of the Hoekstra controversy, it was reviewing its policies for briefing lawmakers in advance about trips to war zones. Despite the questioning of Hoekstra's disclosures by staffers in Congress and the Pentagon, the experience has not deterred the lawmaker from Twitter. "Sure, I give [my press secretary] heartburn, but I think that's one of the things that makes Twitter attractive, that it doesn't go through a filter and a screen," Hoekstra says. "Normally, I have my staff...

Author: /time Magazine | Title: Congress's New Love Affair with Twitter | 2/11/2009 | See Source »

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