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...belated move to support Georgia, which reluctantly joined the Russia- dominated Commonwealth of Independent States only two weeks ago, Moscow has cut off energy and fuel supplies to Abkhazia and has sealed the border with the rebel-held region. Still, Georgian officials fear that their country faces complete collapse unless the Kremlin sends Russian troops to help recapture the Black Sea region and quash the spreading rebellion in the Transcaucasian state...

Author: /time Magazine | Title: THE GRIM ESCAPE | 7/21/2008 | See Source »

...signed. These wackos run to defensive positions when you stand up to them. They're not dumb. They went to school on Somalia. Now maybe they realize that Clinton needs to show some stickum some place, and that they're the ones that are going to get stuck unless they capitulate.'' And as of Saturday evening, capitulation finally seemed a possibility -- although, it needs to be said, the Haitians supposedly capitulated months ago. They should have been history last Friday and they're still hanging...

Author: /time Magazine | Title: THE POLITICAL INTEREST FEELING THE HEAT | 7/21/2008 | See Source »

...years,'' says pawnbroker Saul Frank. ''The blockade's a step back.'' INS officials sought to pacify angry critics last week by no longer calling it a blockade. Whatever it is called, approval for the crackdown in El Paso -- as high as 85% -- means that Reyes will probably maintain it unless he receives instructions from Washington to dismantle the program. To ease the economic burden, Roman Catholic bishops on both sides of the border last week urged a possible relaxation of the laws. One suggestion: granting temporary work permits to some Mexican day laborers and maids, so that they may cross...

Author: /time Magazine | Title: SLAMMING THE DOOR | 7/21/2008 | See Source »

...countermeasures--and very likely nuclear countermeasures, precisely because those are probably going to be the most cost-effective. It may be a permanent fact of the nuclear age that offense wins. No matter what SDI produces in the way of lasers and particle beams, the Soviets' nuclear offense--unless it is constrained by arms-control agreements--will eventually be able to ''beat'' Reagan's ray guns just as it beat Ike's antiaircraft system and Nixon's ABMs. In an attempt to deal with that dilemma, some officials have linked SDI to arms control: the superpowers should agree...

Author: /time Magazine | Title: GRAND COMPROMISE | 7/21/2008 | See Source »

This year, Congress has repeatedly found itself stalemated over the renewal of renewable credits. Supporters of the credits haven't been able to overcome opposition by Republican senators, the White House and a handful of fiscally conservative Democrats, who won't vote for the credits unless they're paid for as they go. Supporters have tried paying for the credits by rescinding tax breaks for oil companies; they've also tried raising the funds by eliminating tax loopholes that benefit hedge fund managers. Even though oil executives and hedge fund managers are perhaps the most widely hated two groups...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

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