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Geithner is working with a fairly well thought-out historical perspective on the crisis. He believes the U.S. government allowed the creation of a massive shadow banking system run by investment banks, hedge funds and brokerage firms over the last 30 years that rivaled the traditional system in size but...

Author: /time Magazine | Title: Obama Picks Geithner, an Insider, for Treasury | 11/22/2008 | See Source »

"People have made repeated requests that His Holiness should help us in finding an unmistaken successor," says Lhakdor (he uses only one name), a delegate to this week's summit in Dharamsala and director of the Library of Tibetan Works and Archives. Tibetans do not want a repeat of the...

Author: /time Magazine | Title: Tibetans Grapple With Dalai Lama Succession | 11/22/2008 | See Source »

"There has been some confusion," says Lhakdor, a monk who travels frequently with the Dalai Lama and has worked as his translator. To be clear: he says the Dalai Lama is simply referring to an alternative to the traditional search parties, in which the senior lama gives clear clues about...

Author: /time Magazine | Title: Tibetans Grapple With Dalai Lama Succession | 11/22/2008 | See Source »

And not since the Heritage Foundation helped guide Ronald Reagan's transition in 1981 has a single outside group held so much sway. Just as candidate Obama depended on CAP during the campaign for opposition research and talking points, President-elect Obama has effectively contracted out the management of his...

Author: /time Magazine | Title: Inside Obama's Idea Factory in Washington | 11/21/2008 | See Source »

Good luck with that. The two women competing in Friday's final are as formidable as they are divisive. Ségolène Royal - who lost to Sarkozy in the 2007 presidential election - is both pragmatic and popular. She has nevertheless been derided by opponents as lacking a credible...

Author: /time Magazine | Title: Which Woman Will Lead France's Socialists? | 11/21/2008 | See Source »

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