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...imposed on the U.S. economy by outsiders. President Barack Obama wooed the world with talk of change, but resistance to regulation remains strong in the U.S, where the ability of companies and markets to invent, innovate, and take risks remains fundamental to the American dream. "There's an enduring view in the U.S. that the national economy is a powerful machine that crashes every now and again, but which eventually fixes itself and roars back to the front of the pack," says Mark Duckenfield, a professor of politics in the world economy at the London School of Economics. "The European...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...single aspect of their racial identities: Booker T. Washington, Tina Turner, and Greg Louganis are three examples. This phenomenon isn't entirely pernicious; it is at least partly rooted in our concern that growing up with a fractured identity is hard on kids. The psychologist J.D. Teicher summarized this view in a 1968 paper: "Although the burden of the Negro child is recognized as a heavy one, that of the Negro-White child is seen to be even heavier...

Author: /time Magazine | Title: Are Mixed-Race Children Better Adjusted? | 2/21/2009 | See Source »

...research says this old, problematized view of multiracial identity is outdated. In fact, a new paper in the Journal of Social Issues shows that multiracial adolescents who identify proudly as multiracial fare as well as - and, in many cases, better than - kids who identify with a single group, even if that group is considered high-status (like, say, Asians or whites). This finding was surprising because psychologists have argued for years that mixed-race kids will be better adjusted if they pick a single race as their...

Author: /time Magazine | Title: Are Mixed-Race Children Better Adjusted? | 2/21/2009 | See Source »

...penalty and his faith, Scalia expressed relief that the Church had yet to find the death penalty categorically immoral since that was neither his personal conclusion nor the Originalist position on the Constitution. "I like my job, and would rather not resign," he wrote in 2002. "[I]n my view, the choice for the judge who believes the death penalty to be immoral is resignation, rather than simply ignoring duly enacted, constitutional laws and sabotaging death penalty cases. He has, after all, taken an oath to apply the laws and has been given no power to supplant them with rules...

Author: /time Magazine | Title: Catholic Judges and Abortion: Did the Pope Set New Rules? | 2/20/2009 | See Source »

...Europe's capitals that are leading the way for now. Will Washington appreciate the help or view it as an attempt at business gain from American military pain? "They don't have any choice, because the business world doesn't quibble with concerns of woulds, shoulds or oughts, but rather who gets the signature on the contract first," says Philippe Moreau Defarges, a senior fellow on international relations at the French Institute on Foreign Relations in Paris. "Tragically for America, meanwhile, now that stability and order is starting to be imposed, the Iraqi leadership is increasingly defining and evolving itself...

Author: /time Magazine | Title: Europeans Who Sat Out the Iraq War Now Line Up for Its Business | 2/20/2009 | See Source »

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