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...political prisoners, the conditions of the journalists' imprisonment could be brutal. The Administration is considering whether sending a special envoy to Pyongyang would help. Former U.N. ambassador Bill Richardson, who has traveled to Pyongyang on special diplomatic missions, said recently, "Now is when the negotiating really begins." (Read "Your Move, China...

Author: /time Magazine | Title: North Korea: The Coldest War | 6/22/2009 | See Source »

...Beijing That's not PC Chinese Netizens are balking at a new rule starting July 1 that will require all computers sold in the country to carry website-blocking software--a policy that gives the government even broader control over citizens' Internet access. Officials billed the move as a crackdown on pornography, but China's history of Web censorship has activists and Internet users concerned that the preinstalled software will be used to limit free speech and privacy...

Author: /time Magazine | Title: The World | 6/22/2009 | See Source »

...unpredictable to concluding that prices were right was "one of the most remarkable errors in the history of economic thought." Summers described how financial markets were often dominated by "idiots" (he later dubbed them "noise traders" and co-authored a series of academic papers showing how their errors could move prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account for the stock-market boom of the 1960s or the spectacular decline in real stock prices during the mid-1970s...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

This crisis has already revealed something about Obama: he's not timid. If he succeeds in getting Netanyahu to freeze settlement growth, his next moves may be to dial up the pressure on the U.S.'s Arab allies to take steps toward recognizing the Jewish state and put heat on the Palestinians to overcome their political division, which might entail some easing of the U.S. ban on dealing with Hamas. The latter move would spark loud wailing and gnashing of teeth on both the Israeli and American right. But it may not matter. During the campaign, Obama's foreign policy...

Author: /time Magazine | Title: Why Obama Should Keep the Heat on Israel ... | 6/22/2009 | See Source »

...thus North Korea and the U.S. find themselves in a very strange Kabuki war. Pyongyang is plainly the instigator, continuing its rash of missile and nuclear tests while apparently seeking hard currency by peddling weapons to all buyers. Like automated chess pieces, U.S. military assets have responded by moving into place: to thwart any missile launch, ground-based missile defenses are being deployed to Hawaii, and a nearly $1 billion 10-story, seaborne missile radar has been dispatched to keep an eye peeled for any missile launch from North Korea. It would clearly be a dumb move for North Korea...

Author: /time Magazine | Title: The North Korean Showdown Ratchets Up | 6/22/2009 | See Source »

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