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...growth in China this year, and in an era of high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations going back to Ronald Reagan in the 1980s, it's been a tried a true strategy: Tell your trading partner to give you something, because you might not be able to hold back the heathen protectionists in Congress. However hoary a tack it may be, that doesn't make it any less true. Democrats in Washington...

Author: /time Magazine | Title: Why Geithner Made A Surprise Stop in Beijing | 4/8/2010 | See Source »

...support them is a murkier matter. Martin and Mandile dismiss notions of a Tea Party purity test for candidates, and mainstream Republicans are trumpeting the movement's potential boost to the GOP in November. "I think they're going to be enormously influential," says Pete Wehner, a former Reagan and George H.W. Bush Administration official who is a senior fellow at the Ethics and Public Policy Center in Washington. "I don't get a sense that this flame is going to be dimmed much." But Republicans know they have to work hard to win over Tea Party members, who have...

Author: /time Magazine | Title: Can the Tea Party Movement Take the Next Step? | 4/7/2010 | See Source »

...rundown and decrepit, they console themselves with alcohol, drugs, and a mysterious hot tub. In the morning, they wake up in 1986, which the film recreates in painstaking detail. There are a number of funny references to Poison, “Miami Vice,” Jheri curls, Ronald Reagan, and when MTV actually lived up to its namesake...

Author: By Brian A. Feldman, CRIMSON STAFF WRITER | Title: Hot Tub Time Machine | 3/30/2010 | See Source »

...nation has always seemed to have an exaggerated awareness of potential threats. The Cold War gave us warnings of missile and bomber gaps, later found to be largely mirages, that were supposedly leaving U.S. citizens vulnerable to Soviet attack. Fear of the supposed Soviet missile advantage spurred President Ronald Reagan's Star Wars initiative and the $100 billion Washington has spent preparing to counter incoming enemy missiles even as the Soviet Union disappeared. Then, 9/11 put us in the crosshairs of Islamic terrorists, calling into being a mushrooming homeland-security industrial complex. All very well, warn the sentinels...

Author: /time Magazine | Title: EMP: The Next Weapon of Mass Destruction? | 3/30/2010 | See Source »

...action to prepare or protect against an EMP attack," write the Heritage Foundation's Jena Baker McNeill and James Jay Carafano. "In order to facilitate a national discussion regarding the EMP threat, Congress should establish March 23 as EMP Recognition Day" - not coincidentally, that's the date of Reagan's famous 1983 speech launching his missile-defense initiative. Leaving aside the contradiction of urging Congress to concentrate attention and resources on a threat that most in Washington consider an infinitesimal probability, the whole notion seems rooted in some visceral need for foes with diabolical destructive abilities. There's something almost...

Author: /time Magazine | Title: EMP: The Next Weapon of Mass Destruction? | 3/30/2010 | See Source »

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