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...about half as a percentage of its overall economy - that adjustment phase is over. Exports will again add to GDP growth in China this year, and in an era of high unemployment in the U.S. and Europe, the potential for a serious protectionist backlash is very real. (Indeed, a team from Treasury slipped quietly into Beijing recently to make just this point.) For administrations going back to Ronald Reagan in the 1980s, it's been a tried a true strategy: Tell your trading partner to give you something, because you might not be able to hold back the heathen protectionists...

Author: /time Magazine | Title: Why Geithner Made A Surprise Stop in Beijing | 4/8/2010 | See Source »

...After Lopez-Lizana reported that the uranium was accounted for, the NNSA team had to shift it through a crisis zone to a port on high alert for tsunamis. And their cargo was unstable. HEU must be stored and shipped in certain geometrical configurations - long, flat sheets, for instance - so that it does not spontaneously start a nuclear chain reaction, spewing out heat and radioactive by-products. When it has been used in a nuclear reactor, as some of the Chilean HEU had been, it becomes radioactive. Twelve hours before the earthquake, the NNSA engineers had overseen the fitting...

Author: /time Magazine | Title: Rescuing a Potential Nuke from the Chile Quake | 4/8/2010 | See Source »

...country. Around 40 lb. (18 kg) of highly enriched uranium (HEU) - with enough latent energy to destroy a portion of a city - had already been inventoried, secured and made ready for transport to a highly secure facility in the U.S. Running ahead of schedule, Bieniawski had taken his team out for dinner with Chilean nuclear agency officials before heading to bed. Then the big one hit. (See pictures from the Chilean earthquake...

Author: /time Magazine | Title: Rescuing a Potential Nuke from the Chile Quake | 4/8/2010 | See Source »

...following four days, Bieniawski and his team plus a U.S. shipping contractor met with Chilean officials to plan an escape route. The meetings had an odd quality - aftershocks twice spilled coffee from cups. The original plan was to ship the HEU to the U.S. from the Chilean port of San Antonio, but it had been destroyed by a tsunami, so eventually the team decided to use the port of Valparaiso, 50 miles (80 km) to the north. On the evening of March 2, the officials and security teams met at the Lo Aguirre military base about 25 miles...

Author: /time Magazine | Title: Rescuing a Potential Nuke from the Chile Quake | 4/8/2010 | See Source »

Correction: The original version of this story said that Andrew Bieniawski and his team had dinner with the U.S. Ambassador the evening before the earthquake. The U.S. Ambassador was supposed to be the host of the dinner but pulled out at the last minute. The team dined with Chilean nuclear agency officials...

Author: /time Magazine | Title: Rescuing a Potential Nuke from the Chile Quake | 4/8/2010 | See Source »

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