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...World War I and its aftermath that set the stage for both Mussolini's march on Rome and Hitler's attempted putsch in Munich. By the time of the Depression, in 1929, the fascists had been in power for years, and the Nazis had been growing in strength for most of the decade. Furthermore, Gingrich's description of the Smoot-Hawley Tariff seems to imply it was part of F.D.R.'s New Deal. Smoot and Hawley were Republicans, and the act that bears their names was passed in 1930, during the Hoover Administration. If Gingrich can't get his facts...

Author: /time Magazine | Title: Inbox | 4/7/2009 | See Source »

...Pakistan A Deadly Show of Strength Baitullah Mehsud, commander of Taliban groups in Pakistan, took credit for a March 30 raid on a police academy in Lahore that sparked an eight-hour standoff and left at least 12 people dead. In telephone interviews with Pakistani news agencies, Mehsud also promised to "amaze everyone in the world" with an attack on Washington as revenge for U.S. missile strikes on militant bases along the Pakistan-Afghanistan border. The FBI painted the threat as purely aspirational, pointing out that Mehsud had made similar comments before. Still, the attack comes less than a month...

Author: /time Magazine | Title: The World | 4/7/2009 | See Source »

...There is also the possibility that the dollar, after its recent show of strength, will again weaken in value against other major currencies, eroding its attractiveness as a reserve currency. Confidence in the health of the U.S. economy, and therefore the U.S. dollar, could plunge because of continued large U.S. current-account deficits, an unstable banking sector and a recession-busting, expansionist monetary policy. The budget deficit, which the Congressional Budget Office estimates will reach $1.8 trillion this fiscal year, or 13% of GDP, is reaching heights not seen since World War II. (See the top 10 worst business deals...

Author: /time Magazine | Title: Is the Almighty Dollar Doomed? | 4/6/2009 | See Source »

...government's new program to determine which banks are in reasonable shape to make it through the recession and which are not. The test is based on unemployment reaching as high as 10%. If the number is likely to go well beyond that, the premise for evaluating the strength of key pillars of the financial system is deeply flawed before the evaluation process has been finished. The Administration wants to set measurements for whether large American private banks need to raise money. If 10% unemployment is a critical determining factor, many of the biggest financial firms will need extra capital...

Author: /time Magazine | Title: Why the Stimulus and Bailout Hit the Government | 4/6/2009 | See Source »

...Hulse relented in the sixth, giving up three runs, two of which came off a Domenic DiRicco homer. Cornell picked up another run in the seventh to take a 4-0 lead.But the Crimson bats woke up in the bottom of the frame in a big way, on the strength of a power surge from Harvard’s top two sluggers.With the Crimson down 4-1, Rogers came up to the plate with a runner on base and blasted a shot through an antagonistic wind in left field. Two batters later, Stack-Babich followed suit with a tape-measure...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Last-inning homers send Cornell home in twinbill sweep | 4/6/2009 | See Source »

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