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...bigger carrots, bigger sticks" approach seemed to show promise. When, after eight years away, Ross returned to the State Department in early February, he quickly assembled a seven-person team and began working through a long list of moves. The first and still the most important came on March 20, when Obama gave a speech to Iranians on the holiday of Nowruz. The President made it clear that the U.S. would seek full normalization of relations with Iran, that it recognized Iran as an Islamic republic, that it would not pursue regime change there and that his Administration would talk...

Author: /time Magazine | Title: Can the U.S. Contain Iran's Nuclear Ambitions? | 6/15/2009 | See Source »

Ross then laid the carrots on thick, dispensing with the formal line that the U.S. doesn't talk to Iran. On the weekend of March 27, a U.S. diplomat discussed economic issues with his Iranian counterpart in Moscow. Days later, the U.S. special representative for Afghanistan and Pakistan, Richard Holbrooke, met with Deputy Foreign Minister Mohammed Mehdi Akhundzadeh at an international conference in the Hague. At a Friends of Pakistan meeting in Tokyo, one of Holbrooke's diplomats met with his Iranian counterpart. And in a secret back-channel outreach in April, State Department staffers working for Ross got clearance...

Author: /time Magazine | Title: Can the U.S. Contain Iran's Nuclear Ambitions? | 6/15/2009 | See Source »

...Have you checked your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

...crash, Siegel has retained his reputation. That's partly because his book (the fourth edition of which was published last year) is full of warnings that when he says long run he really means long run--say, 20 to 30 years. It's also partly because in March 2000, just as the stock market was peaking, Siegel warned in a Wall Street Journal Op-Ed column that technology stocks were headed for a precipitous fall. But it's mainly that, despite the market carnage of the past year and decade, Siegel's basic argument that "stocks will remain the best...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

...Mousavi is Ahmadinejad without the invective or anger." -Patrick Clawson, deputy director of the Washington Institute for Near East Policy, on the similarities between the Presidential hopefuls. (Salon, March...

Author: /time Magazine | Title: Iran's Challenger: Mir-Hossein Mousavi | 6/12/2009 | See Source »

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