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...Here we are, almost 80 years later, and possibly about to make the same mistake. Although there have been no headline-grabbing Smoot acts to call the world's attention to the threat, there is mounting evidence that, once again, government and business leaders are inching toward the type of beggar-thy-neighbor policies of the Great Depression. "Particularly, I am concerned about the rising dangers of protectionism," World Bank president Robert Zoellick recently said in Singapore. "This financial and economic and unemployment problem is serious enough," he later added. "If we start to trigger a round of protectionism...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

...with a Somalia-based radical group, al-Shabaab, might try to travel to the U.S. in an effort to disrupt the Inauguration. The information had limited specificity and uncertain credibility, according to Homeland Security spokesman Russ Knocke. U.S. counter-terror officials have grown concerned in recent months about the threat posed by the militant al-Shabaab group and a cell of U.S.-based Somali sympathizers who have traveled to their homeland to "fight alongside Islamic insurgents," the alert reported...

Author: /time Magazine | Title: Security at the Inauguration: Preparing for Anything | 1/19/2009 | See Source »

...Before that bulletin came out, the latest joint threat assessment report by the DHS and several security agencies urges law-enforcement officers to watch out for almost everything short of an asteroid strike. (The assessment is not classified but is marked "for official use only." It was posted on Cryptome.org, the controversial site that posts government documents not released to the public...

Author: /time Magazine | Title: Security at the Inauguration: Preparing for Anything | 1/19/2009 | See Source »

...report had said there was not a single credible terrorism threat, domestic or foreign, to the Inauguration. That covered the whole gamut of threats, from a cyberattack on sensitive computers to the use of weapons of mass destruction. Top officials have echoed these findings. "I don't anticipate anything disruptive," Homeland Security Secretary Michael Chertoff told CNN. But, he added, "part of my job is to hope for the best but plan for the worst...

Author: /time Magazine | Title: Security at the Inauguration: Preparing for Anything | 1/19/2009 | See Source »

...risk is real," Curtis says. "Birds are a threat every day." Even so, the fact that birds disabled both engines of US Airways Flight 1549 simultaneously is far from common. "Only on rare occasions do you have them causing a crash [like this...

Author: /time Magazine | Title: The US Airways Crash: A Growing Bird Hazard | 1/16/2009 | See Source »

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