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Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the first of five on TIME.com, he glances back through history to see how national destinies can change...

Author: /time Magazine | Title: Is China the New Us? Or Are We? | 8/3/2009 | See Source »

University spokesman John D. Longbrake declined to discuss the specific terms of the negotiations, but confirmed that the University will renew its revolving line of credit—which allows Harvard to draw additional funds after previous loans are repaid—for the next year...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Harvard Considers Swapping in Tighter Credit Line | 7/23/2009 | See Source »

...state solution, saying the conflict would not end soon because the Palestinians, including Palestinian Authority President Mahmoud Abbas, lack the will to end it. "Even the moderates among them do not really want a settlement," Arad said. "At most, they are striving toward a settlement in order to renew the confrontation from a better position...

Author: /time Magazine | Title: Obama's Next Step in His Mideast Peace Plan | 7/20/2009 | See Source »

...security chief and key adviser, Uzi Arad, said the Palestinians, including Palestinian Authority President Mahmoud Abbas, were not committed to living in peace with Israel. "Even the moderates among them do not really want a settlement," Arad said. "At most, they are striving toward a settlement in order to renew the confrontation from a better position." As a result of U.S. pressure, a Palestinian state of "stamps, parades, carnival [...] That could happen," Arad said. "A fragile structure, yes; an arrangement resting wholly on wobbly foundations...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

Even so, there's nothing quite like a visit by the U.S. President to bolster Russia's status in the world. Moscow got an unexpected reminder of Washington's clout in its backyard when Kyrgyzstan announced on June 23 that it would renew an American lease on its air base in Manas, a critical transshipment point for U.S. and NATO military operations in Afghanistan. That decision was a victory for the Obama Administration: just four months ago, the Kyrgyz government had said that the U.S. military had to go. More broadly, Moscow's ability to project its power has been...

Author: /time Magazine | Title: The Challenge That Awaits Obama in Moscow | 7/13/2009 | See Source »

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