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...China's financial system, remember, is not a major victim of the implosion that is taking down markets and economies across the globe. Its banks, which have slowly rebuilt their balance sheets for the past decade, have been dinged but not crippled by exposure to the subprime mess. But Chinese government policymakers and financial CEOS are looking on in horror nonetheless, and asking themselves a fundamental question: what lessons should we learn from this debacle...

Author: /time Magazine | Title: China Stays Its Capitalist Course | 10/28/2008 | See Source »

Ironically, publishers don't seem too concerned that the financial crisis might clip their Christmas sales. "It's extremely logical [for us] to buy books by prominent authors about a story this major, especially if we think those books aren't competitive with each other," says Adrian Zackheim, president and publisher of Portfolio. "We'd rather have people of prominence writing for us than one of our competitors." The books will come out at different times - Nocera and McLean's book isn't due until 2010 - and the writers' voices will make them distinguishable, he says...

Author: /time Magazine | Title: The Next Wall Street Tsunami — of Financial Books | 10/28/2008 | See Source »

...other major cluster of cases and initiatives are post-9/11 issues. We immediately started what has been our mantra since then: safe and free. We knew this would be seen as an inevitable trade-off; we'd have to choose [between them], and freedoms would be the sacrificial lamb, so to speak, if we were going to have national security and fight terrorism...

Author: /time Magazine | Title: Outgoing ACLU President Nadine Strossen | 10/28/2008 | See Source »

...gain some concessions for his homeland, the 15th Dalai Lama may have finally reached the end of his tether. "Mr. Patience has run out of patience," says Robbie Barnett, a professor of Tibetan studies at Columbia University in New York City. "It's really very serious indeed and a major disappointment, though not so much of a surprise. The Chinese must have know this was coming - some of the responsible officials in fact must be very pleased that they have managed to provoke this reaction. Now they can say that it was the other side that broke off negotiations...

Author: /time Magazine | Title: Is the Dalai Lama About to Give Up on China? | 10/27/2008 | See Source »

Last week, Major General John Kelly, commander of coalition forces in western Iraq, said security along Iraq's borders with Kuwait, Saudi Arabia and Jordan was fairly tight but that the Syrian frontier remained porous. "The Syrian side is, I guess, uncontrolled by their side," Kelly said. "We still have a certain level of foreign-fighter movement." He told Pentagon reporters via teleconference last week, "We're doing much more work along the Syrian border than we've done in the past," adding that Iraqi security and intelligence forces "feel that al-Qaeda operatives and others operate, live pretty openly...

Author: /time Magazine | Title: What's Behind the US Military Raid on Syria? | 10/27/2008 | See Source »

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