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...Germany Better Late than Never After months of denying there was any need for a rescue, Chancellor Angela Merkel unveiled a $66 billion stimulus package and a $132 billion loan fund to help Europe's largest economy through its worst recession since World...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

...forthcoming about his economic agenda than the deliberately opaque F.D.R. As for the outgoing President, George W. Bush has no wish to be the Herbert Hoover of the CNBC generation. Accordingly, his Administration will have spent several hundred billion dollars to unfreeze the credit markets. (Indeed, has anything of late so recalled Roosevelt's devotion to "bold, persistent experimentation" as the frantic improvisations of Hank Paulson...

Author: /time Magazine | Title: The Ghosts of '33 | 1/15/2009 | See Source »

...press with a smile, not a sneer. But the notion that a new Administration has to "feed the beast" in the pressroom may no longer be true. Politically, Bush didn't much suffer from writing off the "reality based" media. (Historically, maybe; hence his last-minute media barnstorming of late...

Author: /time Magazine | Title: In the Obama Era, Will the Media Change Too? | 1/15/2009 | See Source »

...evangelical Christianity and more progressive political movements have often found themselves intertwined. During the nineteenth century, many who believed in a literal and inerrant interpretation of Scripture fought for an agenda of social progress, including the abolition of slavery and women’s equality. But ever since the late 1970s—when the IRS declined to grant tax-free status to fundamentalist Bob Jones University—many evangelical leaders have become increasingly conservative in their political demands. As a result, in recent years, “religious” has become synonymous with the aims...

Author: By Rachel A. Stark | Title: A Post-Partisan Christianity | 1/15/2009 | See Source »

...change the world—and that they have lasted. Armed more with romantic idealists than ammunition, including men of the calibre of Ernesto ‘Che’ Guevara, the guerrilla movement led by Fidel Castro slowly but steadily challenged Batista’s rule in the late 1950s, promising an end to the dismal inequality and extreme poverty in Cuba. Following their victory, the revolutionaries became symbols of an enduring resistance against America and its values less than 100 miles from U.S. soil. Fidel Castro and his regime have since outlasted 10 U.S. presidents, the fall...

Author: By Pierpaolo Barbieri | Title: That 50 Years Is Nothing | 1/15/2009 | See Source »

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