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...which I was a U.S. observer, led TIME to name her Woman of the Year. Her presidency survived eight coup attempts as she patiently restored constitutional democracy to her country, where she died a revered figure. But her legacy was global. For the U.S., it marked the start of the Reagan doctrine to oppose authoritarianism of the right and left, and she helped inspire peaceful upheavals around the world. She showed that one person of modest demeanor can change history. -Richard Lugar Lugar is a U.S. Senator from Indiana (See the full list of TIME's Fond Farwells...
...achieve more income equality in a market economy? RW: Some relatively equal societies, such as Japan, and some states such as New Hampshire have smaller differences between earnings before taxes and benefits. The other way is to start off like Sweden does - with large inequalities between earnings - and then redistribute wealth with high taxes and benefits. I think we need to do both. To reduce earning differences you need as many different forms of economic democracy as possible. We need to make it a bit more embarrassing for company directors to give themselves huge pay deals and bonuses while holding...
...What They're Naming in Australia: The decade is nearly over, and the world still hasn't reached a consensus on what to call the 2000s. But an Australian website has gotten a head start on naming the 2010s. In a contest that garnered more than 3,500 entries--including "Tenties" and Teenies"--News.com.au awarded nearly $2,000 to the person who suggested "One-ders." After the dreary decade we've suffered through, the judges said, the moniker's "bright-eyed optimism" was a welcome change...
...Toys Not to Buy" this holiday season is Baby Glutton, a doll made in Spain that makes sucking sounds and comes with a halter top for little girls - with flowers as nipples - and the tagline "Because you shouldn't have to wait until you have breasts before you start breast-feeding your baby." (See the top 10 dubious toys...
...Since a similar problem in 2002 was resolved by "winterizing" the locomotives so that snow couldn't get into the engine blocks, Eurostar officials were guardedly optimistic that the same method would fix the problem this time. However, even if the trains do start running again, anger over the fiasco won't melt as quickly as the thinning French snow. (See the worst business deals...