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...brought a vision for China that has resonated from the 19th century Qing dynasty reformers to this day: to regain China's fu qiang (wealth and power), dignity, international respect and territorial integrity. In this regard, Mao and the CCP positioned themselves squarely with a deep yearning among Chinese - thus earning their loyalty and the party's legitimacy. His successors have not wavered from this singular vision and mission. (Read "Where China Goes Next...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...Thus, when considering the totality of six decades, the record of the PRC is decidedly mixed. While its achievements have been momentous, so are the contrasts and contradictions exposed by those very same achievements. In many sectors, each reform breeds new problems and challenges. China has come a long way, but it still has a long...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...words? Partly because he's powerful. Bernanke's opinions on the economy's future shape the U.S. government's decisions about interest rates, bailout efforts and the like. Right now the main monetary-policy debate is between those who think the recovery will be weak and fitful--and thus the Fed should keep doing what it can to stimulate the economy--and those who think it will be rip-roaring enough that further spending would spark inflation. At Brookings, Bernanke seemed to indicate that he stood with the first group. So while the recession may be over...

Author: /time Magazine | Title: The Moment | 9/28/2009 | See Source »

...most anticipated game of the Harvard men’s soccer team’s season thus far, Wake Forest proved why it’s a national powerhouse...

Author: By Christen B. Brown, CONTRIBUTING WRITER | Title: Harvard Drops Defensive Battle to Demon Deacons | 9/28/2009 | See Source »

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