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...largest issue between now and whenever the cataclysm ends is whether the major economic powers develop more intimate relationships or are driven to isolation in order to defend their economies through protectionism. This development would reach an epic level if nations such as China began to hold capital in their country and slow their purchase of U.S. debt. That would begin a lethal exchange between the greatest exporting and importing nations of the world, with America blocking the inflow of Chinese goods and China flailing back by throttling its appetite for Treasuries. Without the ability to borrow money at reasonable...

Author: /time Magazine | Title: The Financial Crisis: The World At War | 3/3/2009 | See Source »

...Hillary Clinton makes her first official visit to the Middle East this week, the prospects for peace are bleak. But Shibley Telhami, a professor of political science at the University of Maryland and a leading U.S.-based authority on Arab-Israeli negotiations, tells TIME that a deal remains within reach. Clinching that deal, says Telhami, co-author of a new report on the U.S.'s role in the peace process for the Brookings Institution and the Council on Foreign Relations, requires urgent action by the U.S. because time is running out on the two-state option...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

...parties reach a settlement without U.S. involvement? The Norwegians negotiated the Oslo accords. I don't think they can clinch a final settlement without America. Palestinian and Israeli politics will remain somewhat fractured. It is difficult to envision that they can make the tough concessions both are going to have to make...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

...proposal is not a perfect solution: Millions of patients in middle-income countries, such as India and Brazil, will be left out of the deal. HIV research is also excluded from parts of the program, and even at reduced prices GSK products may remain out of reach for most patients in Least Developed Countries. Nevertheless, the announcement represents a remarkable willingness by a pharmaceutical company to change the way it does business in the developing world...

Author: By Karolina Maciag, Shamsher S. Samra, and Sarah E. Sorscher | Title: Harvard as Big Pharma | 3/1/2009 | See Source »

...will share in the profits through royalties. Yet, too often, the agreements used to create these partnerships contain no provisions preserving the rights of universities to grant access to the finished products. This means that, in most cases, health technologies created in Harvard labs will be priced out of reach for millions of people in developing countries. It also means that researchers wishing to build on Harvard’s work may be prevented from studying and improving upon the ideas forged by Harvard faculty...

Author: By Karolina Maciag, Shamsher S. Samra, and Sarah E. Sorscher | Title: Harvard as Big Pharma | 3/1/2009 | See Source »

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