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...threat to its own security. Rasmussen concedes that NATO needs to get better at explaining its intentions and convincing Moscow that there are areas of common interest - Afghanistan, ending the spread of weapons of mass destruction, piracy - on which the former adversaries can work together. In the long term he imagines a "true strategic partnership" between Russia and NATO. But he insists that the organization will remain open to new members - which potentially means Ukraine and Georgia, both of whom have been promised eventual membership, a move that would enrage Moscow. "No country outside NATO can veto NATO decisions...

Author: /time Magazine | Title: NATO's Reformer: Anders Fogh Rasmussen | 9/14/2009 | See Source »

Quick refresher course on Tom DeLay: he was a 10-term Republican Congressman, at one time considered the most powerful man in the House, nicknamed the Hammer for his ability to unite Republicans and push bills through. Four years ago, he was indicted by a Texas grand jury for conspiring to violate campaign-finance-reform laws. He maintains his innocence; he has not yet been tried. Quick refresher course on DWTS: people wear sparkly outfits and compete to win a mirror ball...

Author: /time Magazine | Title: Dancing with the Stars: The Tom DeLay Edition | 9/14/2009 | See Source »

...both contexts. Over O'Neill's objections - he'd be gone soon anyway - the Bush Administration and Congress abandoned a bipartisan commitment to fiscal prudence that had held sway since the early 1990s and went back to running chronic deficits. The result was a growing economy and a second term for George W. Bush. (See George W. Bush's biggest economic mistakes...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

...some point it does have to start mattering. But one of the great mysteries of modern politics and economics is where exactly that point might be. When the Federal Government runs a deficit, it has to borrow money. It does so by selling Treasury securities, ranging from short-term bills to 30-year bonds, on which it pays interest. This is like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with its centuries-long record...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

...bright high noon of rock 'n' roll, and broke up nearly four decades ago. Another anomaly: only in their earliest gestation, playing in Germany and in Liverpool's Cavern Club with Pete Best as their drummer, were the Beatles truly a Rock Band. For 40 years and more, that term has been applicable to the Rolling Stones and their spawn, whose songs are easily reproducible in their indefatigable concert tours and whose appeal is as much theatrical as musical. Truth is, the Beatles, even in their touring days, didn't care much for performing; they couldn't hear themselves play...

Author: /time Magazine | Title: Can The Beatles: Rock Band Save the Music Business? | 9/14/2009 | See Source »

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