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...seems fanciful. China and America have come so close to merging financially that we can almost speak of "Chimerica." When Fannie and Freddie were on the brink of collapse, many were surprised to learn that fully a fifth of China's currency reserves was composed of their bonds. Small wonder. Having spent much of the past decade intervening on currency markets to prevent the appreciation of its renminbi, China has accumulated a huge hoard of dollar-denominated bonds. No foreign nation stands to lose more from a U.S. financial collapse...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...around almost as long as the Internet. It's closely allied to cognitive behavioral therapy, which replaces months or years on the couch with focused programs to help people change unwanted feelings and reactions by challenging the beliefs that underlie them. In the 1990s, some CBT practitioners began to wonder if the structured, learning-based treatment would also work online. At first the idea was widely seen as "wacky," says Klein. "Some people said, 'How can you establish a therapeutic relationship with someone when you don't even see them...

Author: /time Magazine | Title: Online Helpdesk | 10/2/2008 | See Source »

...could. Fire the SEC Chairman! Suspend the campaign! Let's Make a Deal! He was a human diorama of the Great Man theory of history. Of course, getting credit for bringing all parties to the table to reach a historic agreement that pretty much everyone hates may make him wonder if action is overrated, especially after his campaign's self-congratulatory statements ended up being premature. Even with stakes higher than they've been for any vote in modern history, McCain still could not deliver his team for a bipartisan deal; even his own state's Representatives said...

Author: /time Magazine | Title: The Candidates' Test of Leadership | 9/30/2008 | See Source »

...skim through Paradise Lost before section and wonder whether we’ll ever be able to contribute significantly to the human race, we English concentrators pause to issue our own call to our Ec-favoring brethren. “Ponder your futures!” we cry. “Are you in it for the Rolexes and the squash club membership? Or does the homo economicus make your heart quiver with rapture? The time has come to choose! Given the state of the economy, you probably won’t be making six figures anyway. You might...

Author: By Alexandra A. Petri | Title: Follow Your Dreams! | 9/29/2008 | See Source »

...anchor Katie Couric, was sufficiently cringe-making to inspire conservative columnist Kathleen Parker to conclude sadly that for the good of the ticket and the country, Palin should declare she wants to spend more time with her family and step down. And watching her with Couric, you had to wonder what happened to the spirited, sparkling character who swept onstage in St. Paul and turned the race upside down...

Author: /time Magazine | Title: In Search of Sarah Palin | 9/27/2008 | See Source »

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