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...Washington-Beijing relationship is the world's most important. Combined, the U.S. and Chinese economies accounted for more than half of global growth over the past four years, and how these nations interact over everything from Iran to North Korea will do much to determine whether peace and prosperity prevail in Asia and beyond. But high-level U.S. talks with China in recent years have been sporadic, at best. The heaviest hitters in President Bush's Administration have been preoccupied with the war on terror and the deepening fiasco in Iraq. Aside from last April's promise by China...

Author: /time Magazine | Title: A Bridge over Troubled Water | 1/18/2007 | See Source »

Fairy tales can hurt you only if you believe them. That's why the widespread conviction right now that the "Goldilocks economy" will prevail in 2007 is so worrying. Stock markets around the world have been rallying strongly because key global economic fundamentals are said to be not too hot, not too cold, but just right. Growth is solid, inflation is relatively low, energy prices are easing, interest rates are benign, and consumer spending is holding up, most importantly in the U.S. The assumption that investors seem to be relying on to justify the high prices they are paying...

Author: /time Magazine | Title: Cruising to Disaster | 1/18/2007 | See Source »

...execution has come to symbolize a deep fragmentation. It is becoming increasingly clear that Iraq’s internecine violence runs so deep in the cultural and ethnic fabric of the country that it is naïve to think that the United States will be able to prevail by military force alone. The sad truth is that there is no such thing as a united Iraqi people, nor does it appear that there can be a truly representative Iraqi unity government in the near future. If large portions of the Iraqi people cannot even hold back sectarian angst...

Author: By The Crimson Staff | Title: A Hung Country | 1/8/2007 | See Source »

...long-term consequences are insidious as well as tragic and even relate to the ability of the U.S. to prevail against the jihadists. Not only does malaria sap worker productivity and scare away business investment, but it also, paradoxically, increases the rate of population growth. Instead of having two or three children, couples in a malarial region often choose to have six or seven--unsure how many will survive...

Author: /time Magazine | Title: The $10 Solution | 1/4/2007 | See Source »

...largely welcomed by the population. However, the strictures they have imposed on the population in the name of a fiercely conservative interpretation of Islam have also generated resentment. But the regional and international context of Somalia is quite different from that of Afghanistan a decade ago: The Islamists cannot prevail as long as Ethiopia is willing to lend the beleaguered government its military muscle - well-armed and trained by U.S. advisers, in contrast to the ragtag and mostly teenage light infantry of the Islamists...

Author: /time Magazine | Title: A Dark Deja Vu in Somalia | 12/27/2006 | See Source »

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