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...Party-given right to rule them. Put the two together and you have the mainland's worst "splittist" nightmare. As the Dalai Lama sat down with all the island's then top political figures, Beijing practically tossed every invective across the narrow Strait of Taiwan short of declaring war. (Read "Why Taiwan's President Allowed the Dalai Lama Visit...

Author: /time Magazine | Title: Getting It Strait | 9/14/2009 | See Source »

...Beijing, which has fired missiles toward Taiwan in the past, the action was akin to throwing a snowball. In fact, on the Dalai Lama's first full day in Taiwan, the two sides, once the most implacable of foes, inaugurated direct regular flights - the first since the Chinese civil war ended 60 years ago. New history cannot be denied. (See pictures of Taiwan's typhoon terror...

Author: /time Magazine | Title: Getting It Strait | 9/14/2009 | See Source »

...Taiwan was long one of the world's flash points, with the potential to draw even the U.S. into conflict. It's hard to predict the future China and Taiwan have with each other, but it's easy to imagine, given all the progress that has occurred, that war is no longer a possibility. That's something to be thankful for - and something truly deserving of a Dalai Lama's blessing...

Author: /time Magazine | Title: Getting It Strait | 9/14/2009 | See Source »

...Article II), but the legislature. In constitutional terms, Congress is a "co-equal" branch of government; it has real power, and so do its most significant members. Just as the wise men - Averell Harriman, Dean Acheson and the like - who remade international institutions at the end of World War II would not have been able to do what they did without the assistance of Arthur Vandenberg, the powerful chairman of the Senate Foreign Relations committee, so reform of the financial system today cannot bypass Representative Barney Frank, the chairman of the House Financial Services Committee...

Author: /time Magazine | Title: Ted Kennedy: An American Legislator | 9/14/2009 | See Source »

...year that ends this month. That's by far the biggest shortfall ever, in dollar terms. The government will have spent $3.7 trillion and taken in $2.1 trillion. Even by the more forgiving yardstick of percentage of gross domestic product, the shortfall is, at 11.2%, the biggest since World War II. It will be smaller next year but still huge by historical standards. At some point this starts to matter, right...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

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