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...understand why, it's important to remember what made the miracle happen. At the root of the Asian economic success were two decades of robust export performance, much helped by undervalued currencies. (It was when the U.S. dollar, to which many local currencies were pegged, started to rise in the mid-'90s that systemic weaknesses in the Asian economies became apparent.) But "outward orientation," as the academics called it, wasn't the whole story. Domestic demand grew rapidly too. Two components of Asian domestic economies were particularly important. First, there was construction, which remade the skylines of every city from...

Author: /time Magazine | Title: Why East Asia's Economies Are Hot | 5/13/2002 | See Source »

...incumbent President Jacques Chirac. In the process, it is easy to write off this development as the result of impotent mainstream politicians, the fragmentation of the Left’s vote, or the political apathy of the “silent” majority, while conveniently sidestepping the true root cause of Le Pen’s “victory’: Racism...

Author: By Toussint G. Losier, CRIMSON STAFF WRITER | Title: European Racism is Larger Than Le Pen | 5/10/2002 | See Source »

...task, of course, was to get away from Hitlerian resonances. National Socialism seemed to have poisoned German culture at the root, but to go "international"--either by doing American-style abstraction or by imitating American Pop Art, the latest international style--was unthinkable; it was to lose the possibility of Germanness. A few artists of Richter's generation found a way to use this. Richter, in cahoots with his then friend Sigmar Polke, developed a kind of bony, disenchanted Pop Art. They called it, in ironic tribute to the Socialist Realism then mandatory in communist countries, Capitalist Realism...

Author: /time Magazine | Title: Art: The Unblinking Blur | 5/6/2002 | See Source »

...That promise is the root of the problem, but after hours on the phone with Julie, it's clear Tricia thinks there's been a breakthrough and that compromise is suddenly possible. They already agree on one goal. "I spoke to former President Gerald Ford on April 23," Julie says, "and once the Bebe money is dispersed, he'll make it his personal crusade to get the Nixon library into the federal system." On Friday Julie was changing her schedule around to be at Tricia's side for a literacy event whose host was First Lady Laura Bush on Monday...

Author: /time Magazine | Title: Nixon Daughters Bury the Hatchet | 5/6/2002 | See Source »

...covert mobilization" and menacing exercises, he says, and by the summer the first batch of Georgian troops should have finished U.S. training. If there is an attack, Arshba adds, "I do not exclude the participation of U.S. advisers." Washington says its advisers will prepare Georgian counter-terrorist troops to root out a group of al-Qaeda operatives supposedly sheltering in the remote Pankisi valley, but many diplomats in Georgia wonder if the terrorists actually exist. The U.S. insists that its advisers will not be involved in any military actions. Arshba, a veteran of Afghanistan who trained at a military academy...

Author: /time Magazine | Title: Down But Not Out | 5/5/2002 | See Source »

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