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...just dust. "I guess not many Presidents have been understood in their own time," Lyndon Johnson said, reflecting on all the good he'd tried to do for people, who despised him nonetheless. George W. Bush swats away the judgments that anniversaries invite. "There's no such thing as short-term history, as far as I'm concerned," he said last week. We can't know how the story ends, but we know that there was a time five years ago when every day was Memorial Day, when we never would have imagined that we'd care what Brad...

Author: /time Magazine | Title: America in the World: What We've Learned Since 9/11 | 9/3/2006 | See Source »

...apiece. "The shortage is enabling anyone with something black and round with a hole in the middle to supply it at an exorbitant price," says Prabhu. "People have even told us to put our tires on eBay." Prabhu won't sacrifice the company's relationship with longtime customers for short-term gain...

Author: /time Magazine | Title: Wheels of Gold | 9/3/2006 | See Source »

...here for the moment. But over and over again Iraq's insurgents have shown the willingness to bide their time during major US operations only to resurface when the American troop presence inevitably declines. So the real (and more difficult) question is not what the operation accomplishes in the short-term, but whether there is any genuine hope of stemming insurgent violence and sectarian strife in the long-term...

Author: /time Magazine | Title: How Iraq's Top General Walks a Fine Line Between Politics and War | 8/25/2006 | See Source »

Conversely, short-term cash instruments haven't looked this good in years. Simple, safe money-market funds now yield a healthy 5%--not bad in an uncertain environment in which Treasury bonds yield just a tad more and corporate profits are likely to downshift from double-digit growth to the 6%-to-8% range. For the past few months, money funds have had the best returns of the major asset classes. It used to be tough to find much more than a 1% money-fund yield."Having liquidity and getting 5% are a big deal," says Peter Crane, president...

Author: /time Magazine | Title: Investing: Time to Stay Liquid | 8/6/2006 | See Source »

...artillery. Instead, they're putting up strong resistance throughout the south, operating with a high degree of guerrilla professionalism in small, autonomous units that have prepared for six years to fight the Israelis on home turf. They have laid in supplies of food and ammunition, negating the requirement for short-term resupply. And rather than melting away before the advancing Israeli columns, Hizballah fighters are actually seeking out concentrations of Israeli forces in order to confront them. At the same time, as if to remind the Israeli public of their survival, Hizballah continues to rain down rockets on Israeli cities...

Author: /time Magazine | Title: Who Is Winning the Peace in Lebanon? | 8/2/2006 | See Source »

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