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...Some of these shifts in what during budget debates are known as "spending priorities" will eventually have to be zero-sum games; the political desire for a balanced budget is real, and it has real economic benefits to America in terms of the bond markets and long-term interest rates. But for the immediate future, fiscal discipline is the last thing on anybody?s mind, and now that "we?re at war," war bonds are as good a way as any to pay for that $40 billion in relief funds and any other new defense expenditures that come along. Good...

Author: /time Magazine | Title: The Return of War Bonds? | 9/15/2001 | See Source »

Rice has cultivated an ever higher profile, which by the zero-sum measurements of Washington implies a lower one for Powell. She has expanded her original role as "traffic cop" to include public explanations of policy, like her speech at the National Press Club two months ago, while great communicator Powell has been strangely silent. Rice, not Powell, went to Moscow to jawbone Russian President Vladimir Putin into dropping the 1972 ABM treaty that is blocking Bush's missile-defense plans...

Author: /time Magazine | Title: Odd Man Out | 9/10/2001 | See Source »

...Rice has cultivated an ever higher profile, which by the zero-sum measurements of Washington implies a lower one for Powell. She has expanded her original role as "traffic cop" to include public explanations of policy, like her speech at the National Press Club two months ago, while great communicator Powell has been strangely silent. Rice, not Powell, went to Moscow to jawbone Russian President Vladimir Putin into dropping the 1972 ABM treaty that is blocking Bush's missile-defense plans...

Author: /time Magazine | Title: Odd Man Out | 9/10/2001 | See Source »

...Akihisa Yukawa left no will; he had informed his parents but not his sons or wife about his second family. The wealthy Yukawa clan offered Bayly a sum of about $400,000 on condition that she hide the existence of her daughters and forfeit any claim to the family estate. Secrecy meant she could not apply for compensation from JAL. Shocked, grieving and nursing a newborn, Bayly signed. Back in London, they lived on the payoff and with some clandestine help from Yukawa's mother...

Author: /time Magazine | Title: Playing the Victim | 9/3/2001 | See Source »

...sighs and wonders: was it much different 63 sum-mers ago? Well, the movies were better; and TV hadn?t invaded the living room, so there?s a mercy. Back then, radio was the entertainment furniture of choice. American families gathered ?round the mahogany console and attended to some recent movie condensed to an hour ("Lux Radio Theatre") or to the plainly ab-surdist proposition of an unseen ventriloquist (Edgar Bergen with his puppet Char-lie McCarthy...

Author: /time Magazine | Title: That Old Feeling: Mercury, God of Radio | 8/27/2001 | See Source »

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