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...magic potion that Obama and his advisers finally conjured up to ward off collapse was an enormous stimulus package, including under its vast umbrella everything from infrastructure to the creation of “green” jobs. Its very immensity required some of the same good ol’ American optimism that had won Obama his mandarin’s perch. Flood the economy with enough money, the premise went, and we can all float our little rafts to the golden shores of prosperity. But despite the plan’s elephantine nature—and its bizarre twist...

Author: By Jessica A. Sequeira | Title: Looking On the Bright Side | 6/2/2009 | See Source »

...spying,” to collect bits of data. The individual’s contribution may be miniscule, but the final product is a detailed portrait. And though many of China’s spies may not be professionals, the pool’s vast size offsets its lack of training...

Author: By Nicholas Tatsis | Title: Managing China? | 6/2/2009 | See Source »

...must revive. Otherwise, Wood says, stimulus spending could result in a "skewed outcome": billions of dollars in loans made to artificially boost growth could start to go bad, dragging down China's banks; at the same time, the country would remain saddled with a glut of factories producing a vast surplus of goods no one wants...

Author: /time Magazine | Title: China's New Deal: Modernizing the Middle Kingdom | 6/1/2009 | See Source »

...height of his power earlier this decade, Prabhakaran led a de facto government that controlled vast swaths of territory and boasted its own systems of taxes, roads and courts. As the army closed in, he allegedly used thousands of Tamil civilians as human shields. By the final days, just 250 LTTE members remained. They died too, along with the dream of eelam...

Author: /time Magazine | Title: Velupillai Prabhakaran | 6/1/2009 | See Source »

...this side of the Pacific are now of paramount importance. Chinese leaders have expressed deep concerns about the Obama Administration's efforts to shore up companies and the economy with massive government spending programs, and it is up to Geithner to provide assurances that the value of China's vast holdings of U.S. bonds will not be debased as a result of America's rising deficits. Indeed, a question Geithner heard from a bright young Peking University student is the same one he'll hear on Tuesday, when he is scheduled to meet with Chinese President Hu Jintao and Prime...

Author: /time Magazine | Title: Geithner's Asia Background Shows on His China Trip | 6/1/2009 | See Source »

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