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Dates: during 2000-2009
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...Indeed, China is increasingly open about both its ambitions and its concerns over U.S. economic policy, given its position as Washington's largest foreign creditor. Beijing never signed on to what became known in the late 1990s as the Washington Consensus on global economic policy, which called for free trade, privatization, light-touch regulation, prudent fiscal policies and - at least as many interpreted the consensus - free capital flows. The U.S. Treasury, in the wake of the credit meltdown, has put forward a plan to enhance regulation of its own capital markets, but that is unlikely to prevent Beijing from continuing...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

France Goes Its Own Way The Front National is the big beast of Europe's far right. It was France's third-largest political party for much of this decade, and its leader Jean-Marie Le Pen was runner-up in the 2002 French presidential elections. So in June the party might have expected to harness the perfect storm of rising unemployment, economic insecurity and the racial tensions that have disfigured French society to sail to a historic victory in the European elections. Instead, the FN's share of the vote tumbled, reducing its tally of seats from seven...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

Politicians who feed off antiforeign sentiment at home can find it hard to cuddle up to foreigners abroad. The BNP's attempt to establish a far-right bloc in the Parliament foundered. The largest far-right party in the Parliament, Italy's Lega Nord, which serves in Silvio Berlusconi's coalition government, chose to throw in its lot with a medley of Euro-skeptic parties, while the PVV refused to enter any alliance. Opponents would be unwise to take comfort from this apparent disunity. Far-right parties view the European Parliament primarily as a platform from which to launch runs...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...point out, the last time we did something of this magnitude was 1965. And the circumstances in some cases were similar - in some cases were profoundly different. Obviously LBJ had just won a landslide re-election and had huge majorities in the Senate and the House. We have the largest Democratic majorities since LBJ. But the way that Congress works is a little bit different today than it was then ... I think that Congress is more splintered. I think each member of Congress is a little more independent from party than they might have been in the past. I think...

Author: /time Magazine | Title: Obama: 'This Has Been the Most Difficult Test for Me.' | 8/10/2009 | See Source »

...Human Rights Watch issued a report condemning the Equatorial Guinean government’s lack of transparency with respect to oil revenue. This was an important step towards keeping the average citizen’s struggles in the international eye, but as long as American oil companies remain the largest contributors to Equatorial Guinea’s income, it remains to be seen if any parties involved (especially the U.S.) can move beyond words and agreements towards concrete actions...

Author: By James A. Mcfadden | Title: A Tale of Two Guineas | 8/10/2009 | See Source »

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