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...allies getting together this weekend in Washington may well prove them wrong. The leaders of the U.K., France, Russia, China, India, Brazil, Saudi Arabia, South Africa, Turkey and 11 other developed and developing economies are meeting in Washington at the invitation of President George W. Bush. And the main thing these so-called G-20 members are likely to achieve is a declaration of continuing support for the international free-market system. (Read "10 Things to Do with Your Money Right...

Author: /time Magazine | Title: The G-20 Summit: A Vote of Confidence for Capitalism? | 11/14/2008 | See Source »

...especially at institutions like the International Monetary Fund, where it would like a greater say in macroeconomic lending policies. And Russia is blunt in its embrace of the system it once resisted. "It's not a struggle between ideologies," says one Kremlin official. "The struggle of ideologies is a thing of the past...

Author: /time Magazine | Title: The G-20 Summit: A Vote of Confidence for Capitalism? | 11/14/2008 | See Source »

...great challenge and his great opportunity. If he can do what F.D.R. did - make American capitalism stabler and less savage - he will establish a Democratic majority that dominates U.S. politics for a generation. And despite the daunting problems he inherits, he's got an excellent chance. For one thing, taking aggressive action to stimulate the economy, regulate the financial industry and shore up the American welfare state won't divide his political coalition; it will divide the other side. On domestic economics, Democrats up and down the class ladder mostly agree. Even among Democratic Party economists, the divide that existed...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

...there lessons in any of this? It is excruciating to imagine the pain not only of this child but of her parents, trying to do the right thing. They are told one night that an ambulance would come and take her away because they were not doing their job to protect her. And yet you understand why doctors will err on the side of treatment. And why the doctor who called in the authorities was concerned about the ability of anyone, especially a 13-year-old, to walk away from something that represented hope, however feeble. But you have...

Author: /time Magazine | Title: Hannah's Choice: Saying No to a New Heart | 11/13/2008 | See Source »

...Probably true - and just the sort of thing Sarkozy risks chewing on bitterly during an early flight back to Paris...

Author: /time Magazine | Title: Europe's Hopes for G-20 Summit Risk Being Dashed | 11/13/2008 | See Source »

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