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"History doesn't repeat itself," Mark Twain is supposed to have said, "but it rhymes." What's happening right now is not a repetition of 1932, when the Dow Jones Industrial Average had dropped 90% from its peak three years earlier and the unemployment rate exceeded 23%. But now most...

Author: /time Magazine | Title: Is China the New Us? Or Are We? | 8/3/2009 | See Source »

National Security Adviser Jones and White House Iran strategist Ross, meanwhile, arrived in Jerusalem for their own talks early in the week. Jones has standing on the Israeli-Palestinian issue, having served as George W. Bush's Middle East envoy, and Ross is the architect of the Administration's strategy...

Author: /time Magazine | Title: In Obama's Middle East Push, a Message to Tehran | 7/29/2009 | See Source »

The Middle East was the place to be this week for heavy hitters on President Obama's national security team: Defense Secretary Robert Gates, National Security Adviser Jim Jones, Iran strategist Dennis Ross and special envoy George Mitchell all descended on the region, each with his own agenda. Among the...

Author: /time Magazine | Title: In Obama's Middle East Push, a Message to Tehran | 7/29/2009 | See Source »

Since the new flu virus was officially declared a pandemic on June 11, the disease has spread faster in six weeks than past pandemics had spread in six months. Virtually every nation in the world has been infected, with the U.S. alone - which has 263 confirmed deaths, more than any...

Author: /time Magazine | Title: Think H1N1 Is Bad Now? Wait Till Flu Season | 7/22/2009 | See Source »

On July 14, Goldman Sachs posted second-quarter profits of $3.44 billion, more than the company made in all of 2008 and about on par with the precrisis gilded age, while announcing that it had set aside $11.4 billion this year to compensate workers, or $386,489 per employee. The...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

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