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...that point, Truman faced a choice. His commander on the ground, General Douglas MacArthur, demanded victory, which meant full-scale war with Beijing. Dropping 30 to 50 atom bombs on Manchuria, he suggested, would do the trick. But Truman refused. He fired MacArthur, refused to bomb China and, in a humiliating reversal, abandoned the dream of a liberated Korea. Instead, the U.S. fought to an unsatisfying draw, with an eventual cease-fire reaffirming the border between North and South. MacArthur denounced the new strategy, and Truman's approval ratings--already damaged by the loss of China--sank below 30%, where...

Author: /time Magazine | Title: Cut Your Losses, Save Your Legacy | 2/1/2007 | See Source »

...Queen (Peter Morgan) and Notes on a Scandal (Patrick Marber). "The quality of really good British writing has been a tradition for decades," says Vaines. "British screenwriters have a facility with words, a theatricality, but they also understand the way film works as a medium." In the Hollywood power scale, most screenwriters rank just below the guy who buys the bagels, and a finished script is never really finished until the director, the producers and, often, other writers have had their say. But the Oscar-nominated British writers all have long histories with the people they work with, stemming from...

Author: /time Magazine | Title: One for the Little Guy | 1/31/2007 | See Source »

...support services (London is home to three of the world's top four law firms) and all the resources of the City itself, London finance firms like hedge funds can pull in more business and squeeze costs further than if they were located outside that network. The economies of scale, scope and agglomeration, as these perks are known, are particularly acute in London. Without them, says the cebr, the E.U. would have lost out on $44 billion in investment banking-related business...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...newspaper issued an apology for the cover, which they said was intended as a “hyperbolic, tongue-in-cheek commentary,” but did not apologize for the editorial content of the issue.While Harvard has mostly escaped such large-scale controversies, a sports column in The Crimson angered some on campus, including members of Native Americans at Harvard College. The article, which addressed the political correctness of Native American sports mascots, concluded with the line, “I think the Crimson would’ve slaughtered the Indians,” in reference to the possibility...

Author: By Daniela Nemerenco, CRIMSON STAFF WRITER | Title: Racial Scandals Seen in College Papers | 1/31/2007 | See Source »

...Those with missing or withered legs will calibrate their prostheses in a "gait lab," a rotating platform that looks like the hull of a rowboat surrounded by video images of a lake. Upper-extremity patients will learn how to scale a 30-foot climbing wall with prosthetic or injured arms...

Author: /time Magazine | Title: New Hope for the Casualties of War | 1/30/2007 | See Source »

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