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...Great Meltdown Were we Americans alone in our troubles? Hardly. The Asian tsunami of 2004 killed more than 200,000 people. And our financial meltdown quickly spread around the developed world. Yet from our lofty perch overlooking the 20th century - the American Century, TIME's co-founder once labeled it - the fall has been precipitous. Who among us is unscathed? Not many. Even if none of your family members died in combat, you had no money with Madoff and you own your house free and clear, you most likely still took a hit. To paraphrase the question Ronald Reagan posed...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

Perhaps we were lulled into complacency by the exuberance of the end of the Cold War. It was a deception brought on by an unusually positive historical continuum. First, America and the Allies won World War II; then, 45 years later, with the fall of the Berlin Wall, we defeated communism too. After that, maybe we believed the world would be forever free of conflict. Some thinkers called it the end of history. Well, history did not die. It came roaring back. The old conflicts did indeed wither, but new and virulent ones arose...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

...Neglect. Our inward-looking culture didn't heed the warning signs from around the world - and from within our own country - that Islamic terrorism was heading for our shores...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

...fought the Soviets in Afghanistan in the 1980s and provided much of the training for bin Laden's foot soldiers. But our friendly freedom fighters turned into foes. In 1992 al-Qaeda bombed a hotel in Yemen, hoping to kill American Marines bound for Somalia. Then came the first World Trade Center bombing, in 1993. Three years later, the Khobar Towers bombing in Saudi Arabia killed 19 U.S. Air Force personnel. In 1996 and 1998, bin Laden issued fatwas calling for Muslims to rise up and kill Americans. Making good on bin Laden's word, al-Qaeda blew...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

After all that, should 9/11 have been a surprise? There were those who saw what was coming, most notably FBI agent John O'Neill, who perished during the attack on the World Trade Center and whose story is eloquently told in Lawrence Wright's masterly book The Looming Tower: Al-Qaeda and the Road to 9/11. Time and time again O'Neill warned his superiors that al-Qaeda was readying a big strike, only to be marginalized, causing him to leave the bureau. Another prescient voice was that of Harvard professor Samuel Huntington, whose book The Clash of Civilizations...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

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