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...whose political obituaries were premature. Regan, perhaps the second most powerful man in the Government, will probably go the distance with the President. But it will be an increasingly difficult task, as power inevitably wanes and every issue becomes tainted with politics in the struggle to choose a Reagan successor. ''It is absolutely uncanny,'' muses Regan. ''Something small that you think is just a nit and a gnat, and all of a sudden, if not handled correctly or somebody gets offended by the way it is handled, it blows up into a major issue. Take the Mike Deaver case...

Author: /time Magazine | Title: THE PRESIDENCY ''I'VE MELLOWED A BIT'' | 7/21/2008 | See Source »

This deal, which created Russia's third-largest oil firm, still has the leaders of both countries talking. But their tone has changed. When current U.K. Prime Minister Gordon Brown brought up TNK-BP with Dmitri Medvedev, Putin's successor, on the sidelines of the G-8 summit on July 7, the uneasy discussion was of a breakdown in relations between the British and Russian partners. Meanwhile, Dudley, the company's BP-appointed boss, is battling to keep his job. In Moscow that same day, AAR, the Russian consortium that controls 50% of TNK-BP, called for his dismissal, claiming...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

While President Bush is eager to cement the European element of the missile-defense shield before he leaves office, actually building and deploying it would fall to his successor. Presumptive Republican nominee Arizona Sen. John McCain backs the proposal, while Illinois Sen. Barack Obama, the presumptive Democratic nominee, has been less supportive. What really matters isn't what either does - or what the Russians say - but what the Iranians do. The closer Tehran is believed to having a nuclear weapon, Pentagon officials say, the more necessary such a Euroshield becomes. Wednesday's tests, Rice said while traveling in Bulgaria...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

...expect any more progress. If nothing else, this G-8 summit - Bush's last in office - made it clear that we can't expect any change from the U.S. until a new President is in office. Both John McCain and Barack Obama back stronger action, but a successor to the Kyoto Protocol needs to be negotiated by the end of 2009. That will leave the new Administration less than a year to prepare - not much time as far as complex international treaties go. The U.S. will be ready to play - but by then, the game might be almost over...

Author: /time Magazine | Title: A Green Let-Down at the G-8 Summit | 7/8/2008 | See Source »

...While President Bush is eager to cement the European element of the missile-defense shield before he leaves office, actually building and deploying it would fall to his successor. Presumptive Republican nominee Arizona Sen. John McCain backs the proposal, while Illinois Sen. Barack Obama, the presumptive Democratic nominee, has been less supportive. What really matters isn't what either does - or what the Russians say - but what the Iranians do. The closer Tehran is believed to having a nuclear weapon, Pentagon officials say, the more inevitable such a Euroshield becomes...

Author: /time Magazine | Title: Moscow Threatens Over Shield | 7/8/2008 | See Source »

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