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...officials. Still, if any government can drive change by diktat, it's the Chinese Communist Party. Doomsayer Roubini writes: "The government cannot force corporations to spend or banks to lend." In fact, Beijing can do exactly that - and is doing so now. "On the outside, China's banks do look a lot more like normal Western commercial banks," says an investment-bank analyst with a decade of experience in China. "But every single senior officer right down to the manager of the smallest branch in Inner Mongolia is a Party member. And when the Party says, 'Jump...
...Sole of the Man TIME photographer Callie Shell defined the American ethos with her poignant photograph of the soles of Obama's shoes [Nov. 17]. Lots of us have pairs that look just like his, whether from searching for a job or simply walking to our place of employment because gas is unaffordable. The photograph also defined what Obama stands for: hard work, determination and never giving up. Melissa Clarke, Bear...
...family and I were having dinner in Coullier, France, and discussing the upcoming election, a woman overheard us and very seriously said, "The whole world is watching." I regarded the statement as overdramatic - until I saw the joy with which the international community reacted when Obama was elected. I look back on that night and I realize now that the U.S. has demonstrated to itself and the rest of the world that it still can fulfill its great potential. Charles Dunn, Beacon...
...were having dinner in Coullier, France, and discussing the upcoming election, a British woman overheard us, and very seriously she told us, "The whole world is watching." I regarded the statement as a little overdramatic until I saw how the international community reacted when Obama was elected. I now look back on that night in France and on the night of Nov. 4 and realize that this country has demonstrated to itself and to the rest of the world that it has taken another step toward fulfilling its great potential on a global stage. Charles Dunn, BEACON...
...Sole of the Man TIME photographer Callie Shell defined the American ethos with her poignant photograph of the soles of Obama's shoes [Nov. 17]. Lots of us have many pairs that look just like his, whether because of pounding the pavement looking for a job or simply walking to one's place of employment because gas is unaffordable. The photograph also defined what Obama stands for: hard work, determination and never giving up. Melissa Clarke, BEAR...