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...recalls that Sanford more or less decided to run for office before she even knew which party he belonged to. But she knew his core belief: the government should be parsimonious with voters' money. His abhorrence of spending led to him sleeping in his Washington office on a futon, buying her a used bike as a combined birthday and Christmas present and returning a diamond necklace he'd purchased sight unseen - through a friend - because he ultimately decided it wasn't worth what he'd paid. Of course, none of this quite explains why he rarely remembered her birthday (Sept...

Author: /time Magazine | Title: Jenny Sanford Dishes with Dignity in Staying True | 2/5/2010 | See Source »

...were shared, came unglued as she stayed at home to raise their children and he focused more on politics. She left her high-powered banking job in New York City and moved to South Carolina for him - willingly, she says. She ran four successful campaigns for him, more or less willingly, for no pay. She spent six years raising their four kids pretty much alone while he was in Washington. At nine-plus months pregnant, she hosted a luncheon for John McCain and a bunch of Republican bigwigs. Somewhere along the way, she believes, Governor Sanford lost the plot...

Author: /time Magazine | Title: Jenny Sanford Dishes with Dignity in Staying True | 2/5/2010 | See Source »

...said she would never run for office - the writing was not done in the heat of anger. She comes off as tough, reasonable and shrewd. Mark comes off as lost rather than evil or profligate. Perhaps her levelheadedness, so vital to him when he was campaigning, became less enticing to him when he was the incumbent. He may find himself needing a campaign manager again. It's hard to imagine many South Carolinian women who read this book being inclined to vote for Sanford in the next election. If this is revenge, it's certainly served at its coldest...

Author: /time Magazine | Title: Jenny Sanford Dishes with Dignity in Staying True | 2/5/2010 | See Source »

...number of financial firms, including Citigroup, JPMorgan and Morgan Stanley, say they have already exited proprietary trading, or at least limited their activities in that area dramatically. Goldman Sachs says proprietary trading makes up less than 10% of the firm's revenue. But many observers say the trading these firms do for their own accounts is much larger than they...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...Just as all politics is local (to a degree), all diplomacy is domestic (to a large extent). China's dramatic growth may have increased its ability to be less deferential toward the U.S. But when officials loudly proclaim that foreign leaders should steer clear of the Dalai Lama, lash out against Clinton's "information imperialism" or stoke popular indignation about Taiwan, their motivation is largely a desire to play the nationalism card as effectively as possible at home, and it is as much a sign of insecurity as it is one of bravado. They see a value in deflecting criticism...

Author: /time Magazine | Title: China and the U.S.: Too Big to Fail | 2/4/2010 | See Source »

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