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...come to see China as a rival - meaning they'll be less likely to fight congressional crackdowns on trade. The U.S. investment banks that have been China's biggest boosters are not the powers they were two years ago. And in China, the troubles of the U.S. financial system have led to a growing mistrust of U.S. intentions and the American form of capitalism. The love affair was strange and overdone. The aftermath could be ugly...

Author: /time Magazine | Title: The End of the Big Business-China Love Affair | 6/8/2009 | See Source »

...once I got to Los Angeles, I learned that the East Coast version of democracy is weak. In L.A. we vote all the time, on everything. We've already voted twice since everybody else last voted in November. Thanks to the endless ballot-initiative system, in the four years that I've been here, I've voted on all kinds of stuff I have absolutely no understanding of: high-speed rail lines (yes!), port security (sure!), children's-hospital bonds (of course!) and how chickens should be housed (humanely and not by me!). I have considered running for the state...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

Looking to complain to someone about the stupidity of this initiative system, I called former California governor Gray Davis, who got voted out of office through a recall petition. "I'm not for scrapping the initiative process," Davis said, to my shock. "I believe voters generally make good decisions." Even a recall, it seems, can't stop a politician from kissing up to voters. Davis believes that the initiative system simply needs some tinkering and that voters need an attitude adjustment, which will come later this year when we lose our schools, jails and roads and full color...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...initiative system seemed rational when it was launched in 1911 to prevent railroad barons from buying off the legislature. But lots of things seemed smart back then, like having Asians focus on manual labor. Now special interests spend $100 million on advertising and can send out enough troops to control an election, especially since the glut of elections keeps people with jobs and the ability to drive at night from showing up. On May 19, only 25% of voters turned out. Even the heated 2005 mayoral runoff between then mayor James Hahn and Antonio Villaraigosa moved only...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...Gourgeon said the "succession of a dozen technical messages" sent by AF447 showed that "several electrical systems had broken down" immediately prior to the crash. A chronology of these messages acquired by the São Paolo daily Jornal da Tarde show that moments before the plane is believed to have plunged into the ocean, its autopilot became disengaged and the plane sustained damage to its stabilizing controls and flight systems, as well as a failure of the systems that were monitoring the aircraft's speed, altitude and direction: the ADIRU (Air Data Inertial Reference Units) and the ISIS (Integrated...

Author: /time Magazine | Title: Could a Computer Glitch Have Brought Down Air France 447? | 6/5/2009 | See Source »

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