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...central government's response to the string of calamities betrayed the contradiction that lies at the heart of Beijing's dilemma: to preserve "stability" - and the rule of the Communist Party - the authorities had to been seen as taking action. The public was thus informed of arrests of businessmen and resignations by top officials, including a provincial governor and the head of the state food-quality inspectorate. But "stability" also means not letting the blame game allow its focus to center too squarely on the party. Within days of the story breaking, the state media was commanded by the Propaganda...

Author: /time Magazine | Title: China's Poisoned-Milk Scandal: Is Sorry Enough? | 9/23/2008 | See Source »

...throw in the words reportedly, allegedly and the occasional is said to. So little is known for sure about him - and so widespread are the myths about him generated by Pyongyang's tireless propaganda machine -that the real story of North Korea's leader can be hard to divine. Thus, Kim's life starts with his birth either in Siberia - where his father, North Korean founder Kim Il Sung, was in exile - or on Mount Paektu, the highest point on the Korean Peninsula. In an early move to quell expected resistance to his son's succession, Kim Il Sung designated...

Author: /time Magazine | Title: Kim Jong Il | 9/22/2008 | See Source »

...public inquiry marks the fifth official investigation into de Menezes' death. Thus far no one has been held legally responsible, though the London police force was fined more than $300,000 in 2006 for endangering the public's safety during the shooting in a crowded subway car. To accommodate intense public interest, the inquiry is being held at a conference room inside The Oval, London's largest cricket stadium...

Author: /time Magazine | Title: Inquiry Opens into London Police Shooting | 9/22/2008 | See Source »

...media focused on elections and the war in Iraq. The U.S. response has been a sloppy counterinsurgency; according to a recent United Nations report, U.S. and NATO forces have been responsible for 577 Afghan civilian deaths this year, 395 of which were due to airstrikes. The immediate objective should thus be to prevent additional civilian deaths due to airstrikes and raids, of which Azizabad was a particularly horrific example. The best way to do this is to get more boots on the ground. Air strikes are an inherently imprecise means of targeting suspects: too many innocent homes and lives...

Author: By The Crimson Staff | Title: Shock and Awe | 9/21/2008 | See Source »

...envisages the purchase of toxic mortgage-related assets from banks by a government agency directly dependent on the Treasury. It has a direct precedent in the Resolution Trust Corporation (RTC), an institution created during the Savings and Loans crisis to avoid dumping real estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current proposal is explicit about its monumental cost: $700 billion, a sum larger than the 2009 budget of Medicare and Medicaid, which also dwarfs the de facto nationalization of Fannie Mae and Freddie...

Author: By Pierpaolo Barbieri | Title: The Bubble Doom | 9/21/2008 | See Source »

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