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...staff had been coaching the President to lie to the press and the American people, Nunn stopped the squalid inquiry: "I would not associate myself with that remark." Time after time as his comment was sought, Sam Nunn thought first and foremost of the nation: "We all have a stake in the credibility of the President, whether we are Democrats or Republicans. I'm hoping that credibility will be restored as quickly as possible...

Author: /time Magazine | Title: The Presidency: Hitting the Middle Octaves | 1/26/2007 | See Source »

...shares were too susceptible to injury. But when the Boston Celtics went public last week?the first time that a major league sports team has had its own listing on the New York Stock Exchange?the action on the floor was intense. All 2.6 million shares, representing a 40% stake in the franchise, sold out the first day, raising $48 million...

Author: /time Magazine | Title: Business Notes: Dec. 15, 1986 | 1/26/2007 | See Source »

...words civil war to Americans, and they instinctively think in terms of their own, from 1861 to 1865. A big principle (slavery) was at stake. In ethnic, religious and linguistic terms, the two sides were remarkably similar, although not identical. Big and well-equipped armies fought large battles. The whole thing lasted almost exactly four years. No foreign power became officially involved. And it was never repeated...

Author: /time Magazine | Title: The Reality of Civil War | 1/25/2007 | See Source »

...early 2004, Reid, the former president of Delta, took over and soon two U.S. investors had ponied up $89 million in funding. Through a holding company, Branson kept a sizable stake--which old-line carriers like Continental and their labor unions have argued equates to foreign control...

Author: /time Magazine | Title: Flight Delayed at Virgin | 1/18/2007 | See Source »

Nowhere has the fabled system of checks and balances proved more contentious. Because so much is at stake in questions of war and peace, the founders in effect crafted an invitation to perpetual conflict between Congress and the President. On no occasion has Congress compelled the President to undertake a military action against his will (although it came close to forcing John Adams to make war against France in the 1790s)--providing at least some support for the notion that the processes of democratic deliberation can help keep the peace. On some occasions Congress has served as a kind...

Author: /time Magazine | Title: Founders' Fuzziness | 1/18/2007 | See Source »

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