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...return for an array of economic benefits as well as eventual diplomatic recognition by Washington. For now, that strategy is off. "I'm tired of buying the same horse twice," said Defense Secretary Robert Gates late last month. In its place, if North Korea continues on its current path, say Administration officials, will be an "aggressive, defensive posture" toward the North. With engagement on ice, thanks to Kim Jong Il, the U.S. will try a policy of containment in hopes of preventing further expansion or export of the North's nuclear program...

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

...When Deng Xiaoping led China on the path to reform 30 years ago, one of the key declarations he made was that the country would be ruled by law. Since then, China has made dramatic headway in developing a legal system, but the application of law has been choppy. In recent years a small group of independent lawyers across the nation has been attempting to force the state to uphold human rights. The lawyers have been subject to arrest, violence and even, in the case of one prominent advocate, disappearance. But this month's apparent disbarment of the country...

Author: /time Magazine | Title: Why the Case for China's Lawyers Doesn't Look Good | 6/17/2009 | See Source »

...what exactly happened? "Recently, we integrated the 'Tags' photo-sharing feature with the registration path," Schleier-Smith wrote. "Advertising photo-sharing may be causing some users to rush through the path, and in some cases inviting all of their contacts inadvertently. The pop-up warning that prevented accidental invitations in the past is not sufficient anymore...

Author: /time Magazine | Title: Tagged: The World's Most Annoying Website | 6/11/2009 | See Source »

...stock has been delisted, dumped from the Dow, and is pretty much worthless. But with government backing, as they say, even pigs can fly. Indeed, just days after filing for bankruptcy, General Motors Corp. is already plotting a path beyond Chapter 11, including the sale of stranded assets and even an offering of new stock...

Author: /time Magazine | Title: Could General Motors' Stock Rise Again? | 6/11/2009 | See Source »

...been historically, Americans would have to get rid of some $3 trillion to $5 trillion in debt over the next few years. (Read "Lidia Bastianich Saves Our Dough.") Lansing and San Francisco Fed colleague Reuven Glick ran a simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses in the 1990s. That was another episode of a great debt dump following a stock-and-real-estate bubble - it's one of the examples economists often turn to in trying to understand what's going on now. Lansing and Glick figured that...

Author: /time Magazine | Title: A Drag on the Economic Rebound: Consumer Spending | 6/10/2009 | See Source »

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