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...investigation also coincided with the darkest period of the Administration: the Iraq war's dramatic downturn, the absence of WMD and festering problems in Afghanistan. And it unfolded as Bush was launching a wholesale course correction of his presidency in his second term. The pivot was hard to miss. Where Cheney had urged unilateral U.S. action in the first term, "in the second term we're going to be doing more diplomacy," Bush told top aides. Where Cheney had orchestrated a secret push to embrace the "dark side" in the war on terrorism, Bush instructed aides in 2005 to begin...

Author: /time Magazine | Title: Inside Bush and Cheney's Final Days | 7/24/2009 | See Source »

...negotiate Jerusalem at Camp David in 2000, then Likud leader Ariel Sharon walked onto the city's Islamic holy sites to symbolically declare his party's determination to keep all of the city in Israeli hands. (Sharon's action touched off a riot that marked the beginning of the Second Intifadah.) Today's Likud leader, Netanyahu, and the party's coalition partners appear as determined as Sharon was to maintain Jerusalem as "Israel's eternal and undivided capital...

Author: /time Magazine | Title: Jerusalem Threatens Obama Peace Plan | 7/23/2009 | See Source »

...Palestinian leader. And he has pushed back against Washington's demand for a freeze in settlement construction. The two sides remain locked in negotiations on the issue, with an already previously postponed meeting between Netanyahu and President Obama's Mideast peace envoy, Senator George Mitchell, postponed for a second time this week. (Read "Dissident Israeli Soldiers Turn a Harsh Light on the Gaza...

Author: /time Magazine | Title: Jerusalem Threatens Obama Peace Plan | 7/23/2009 | See Source »

...been especially easy to find. Aggregate new bank lending surged 201% in the first half of 2009 from the same period a year earlier, to nearly $1.1 trillion. Exuberance over a quick recovery - which was given a boost by China's surprisingly strong 7.9% GDP growth in the second quarter - has buoyed investor sentiment not just for stocks but also for real estate. According to government data, new home prices in 36 Chinese cities rose 6.3% in June from a year earlier. The property sector is showing signs of the frothy enthusiasm that is symptomatic of the onset...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

...July 29, the day of their debut on the Shanghai stock exchange. In Singapore, property prices are rising despite the city-state's sharp recession. The resale index for Housing and Development Board apartments, a key indicator of local property-market conditions, rose an annualized 5% in the second quarter to an all-time high. In Hong Kong, a city famous for its property booms and busts, prices have rebounded from last year's slump and are on course to retake highs reached in mid-2008, according to analysts for HSBC...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

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