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...Madigan surely couldn't have been pleased earlier this week when his plans were somewhat derailed by U.S. Attorney Patrick Fitzgerald, who asked Madigan's committee to hold off on interviewing witnesses and exploring the criminal allegations of Blagojevich's two terms in office in order to not compromise his investigation. Blagojevich and his top aide, John Harris, have been charged in a 76-page criminal complaint, but no indictment has yet been returned. (See TIME's top 10 scandals...
...something better to do, those who tuned in to local broadcaster WPIX would face an hour and a half of nothing, followed by a roller derby at 11:30. WPIX president Fred Thrower had a suggestion: the station would announce the cancellation of all its programming that evening "in order to present a WPIX Christmas card to our viewers." (The roller derby, Thrower noted, "we can easily knock out.") That Christmas card, he proposed in a November 1966 memo, would be a closeup shot of a cheery fireplace, complete with Christmas stockings and flaming Yule logs, "which would be repeated...
...portray an economy in free fall. China will have its hard landing in 2009, and even the most optimistic economists now concede that GDP growth will be far below the 8% annual pace that Chinese economists and officials generally regard as the minimum necessary for the preservation of social order, possibly hitting 5% or under...
...swelled about just how deeply China's fragile social compact might be shaken by the experience of economic hard times for the first time in 30 years. The Obama administration should have a contingency plan for "what we would do if there's a major collapse of the political order," Roderick McFarquar of Harvard, one of the world's most respected China scholars, recently told a reporter. (See photos here of China on the wild side...
Just as the political elite is united, the forces that would have to oppose them in any move to change the country's political order are fragmented, says David Zweig, a political science professor at Hong Kong's University of Science and Technology. Though it is miserable for those thrown out of work, millions of peasants going back to their villages are highly unlikely to pose a threat to Beijing. "Remember, Beijing has done this before: between 1998 and 2000, the government put tens of millions of workers at state-owned enterprises out of work. There were plenty of strikes...