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...defeat him galvanized the U.S. and Britain into pouring money into defense research, creating powerful new technologies--radar, sonar, the atom bomb. U.S. leaders learned that pure research like atomic and electromagnetic physics, combined with massive government funding, could lead to dramatic breakthroughs in military technology. Because the Soviet Union almost immediately became just as ominous a threat as Nazi Germany had been, Congress created the National Science Foundation in 1950 to fund basic and applied science, mostly at universities, "to promote the progress of science; to advance the national health, prosperity, and welfare; to secure the national defense...

Author: /time Magazine | Title: Are We Losing Our Edge? | 2/5/2006 | See Source »

Even so, the U.S. commitment to science might have remained strong if the Soviet Union hadn't collapsed in the late '80s. "We don't have this shadow of Sputnik or the cold war overhanging us," says Stanford's Hennessy, "and we need a different form of inspiration." In fact, says Robert Birgeneau, a physicist and chancellor of the University of California, Berkeley, it already exists, if only we would recognize it. "We have a different kind of war, an economic war," he says. "The importance of investing in long-term research for winning that war hasn't been understood...

Author: /time Magazine | Title: Are We Losing Our Edge? | 2/5/2006 | See Source »

...sustaining expensive deals with Russian contractors to build and operate the nuclear facilities. Yet again, the ambiguity of Washington’s past agreements with the Shah gives the Kremlin a fine rebuttal for any objection raised by the State Department. Moreover, Russian defense contractors, often antique leviathans from Soviet times, strongly pressure President Vladimir Putin not to succumb to “American interests” and to uphold Russian intransigency. Simply enough, Russia gets money, and Iran, nuclear technology...

Author: By Pierpaolo Barbieri | Title: Iran’s (Artistic) Ambitions | 2/2/2006 | See Source »

...says. "That doesn't work." The Afghanistan deployment, Nato's first mission outside Europe and North America, seems to answer a question that Nato member governments and their taxpayers have increasingly been asking: Is there still a role for the alliance established in 1949 as a counterbalance to the Soviet bloc? Watching the International Security Assistance Force (isaf) on the ground in the north and west of Afghanistan, under Nato command, there seems no doubt that the alliance has rediscovered a sense of purpose. The isaf, mandated by the United Nations to help the Afghan government improve security, has already...

Author: /time Magazine | Title: Old Alliance, New World | 1/28/2006 | See Source »

...economists were in agreement that currency adjustments alone won't be enough to reduce the U.S. deficits. At the end of last year, China officially adjusted the size of its economy in an attempt to better reflect the plethora of activity taking place that wasn't counted in previous Soviet-central-planning-inspired statistics. The upshot was a 16.8% increase in gross domestic product that pushed China's economy past France's into fifth place worldwide - just behind the U.S., Japan, Germany and Britain. Zhu said that the new number is a better reflection of reality, but still doesn...

Author: /time Magazine | Title: The Goldilocks Economy | 1/28/2006 | See Source »

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