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...late November that they must meet mandated capital requirements or risk sanctions, a strong sign that Beijing is worrying over the possible fallout from its stimulus program. China also faces a tough choice on its currency regime. The government is under increased pressure from the U.S. and European Union to allow the yuan to appreciate, though policymakers remain nervous about the negative effect that could have on its struggling export sector. China "is like watching a duck swim," says Giles Chance, author of the recently published book China and the Credit Crisis. "On the surface it seems fine, but underneath...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...champion of diplomacy [Nov. 9]. Other one-liners were not quite so diplomatic. In 1984, Reagan said, "We begin bombing in five minutes," over a microphone he thought had been turned off. For some, this supposed joke is an example of his hawkishness not only toward the former Soviet Union but also toward Grenada, Cuba and others. If this is what counts for "diplomacy," no wonder we're in such trouble. Dean Wolfe, SURPRISE, ARIZ...

Author: /time Magazine | Title: Net Loss | 11/30/2009 | See Source »

...champion of diplomacy. Other one-liners were not quite so diplomatic. In 1984, Reagan said, "We begin bombing in five minutes," over a microphone he thought had been turned off. For some, this supposed joke is an example of his hawkishness not only toward the former Soviet Union but also toward Grenada, Cuba and others. If this is what counts for "diplomacy," no wonder we are in such trouble. Dean Wolfe, Surprise, Ariz...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

JOSE MARIA DI BELLO, of Argentina, who on Nov. 16 was granted a marriage license to wed his partner Alex Freyre in Buenos Aires after a judge ruled that the nation's ban on same-sex nuptials violated its constitution. The union, scheduled for Dec. 1, would be Latin America's first legal gay marriage...

Author: /time Magazine | Title: Verbatim | 11/30/2009 | See Source »

...help win more support for his strategy - and it will ensure that his speech scores with pundits but not with the American people. The most memorable and effective wartime presidential speeches have blended hardheaded statements of resolve with appeals to higher purpose. At Gettysburg, Abraham Lincoln vowed that the Union would complete "the great task remaining before us" yet made it clear that the goal was not just to defeat the Confederacy but to ensure "that this nation, under God, shall have a new birth of freedom." During World War II, Franklin D. Roosevelt tacitly agreed to postwar Soviet dominion...

Author: /time Magazine | Title: Obama at West Point: Can He Make the Moral Case? | 11/30/2009 | See Source »

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