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...Such letters seemed to give Rumsfeld some solace amid media commentary that tended to focus on all that had gone wrong - the mistakes made in the Iraq War, the difficult relations with the military chiefs, the tensions with Congress, the quarrels with other NSC members. As low as his popularity was when he left office - Gallup/Harris polls showed him at 34% - Rumsfeld still found that when he dined out at a restaurant or walked along a street, people approached him eager to shake his hand...

Author: /time Magazine | Title: Donald Rumsfeld in Repose | 6/21/2009 | See Source »

...credit rating and the unnerving of the global credit markets. Spooked, the Chinese government, which currently bankrolls a large portion of the U.S. deficit, decides to take its money elsewhere. The ripples from California's crisis would then extend far beyond the Sandovals and other families on the wrong end of the budget ax. (See TIME's gallery of Businesses Bucking the Recession...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

Goforth, Sherri • regret is expressed by, not for sending out a racist email - a collage of images of the 44 presidents with Obama represented by a pair of white eyes against a black background - but merely for sending it out to the wrong list of people...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/19/2009 | See Source »

...description isn't wrong. The Obama plans would, if enacted, amount to the biggest changes in financial regulation since the 1930s. But don't let this make you think the Obama reforms even approach in significance and forcefulness the changes made back then. In the early days of the Roosevelt Administration, Congress set up the Securities and Exchange Commission and charged it with strictly regulating markets, split banks from investment banks with the Glass-Steagall Act, created the Federal Deposit Insurance Corp., and enacted all manner of other game-changing financial reforms. It's not just that the Obama reforms...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

...recent surprising developments reaffirm the humbling nature of Iran analysis. But U.S. experts who are routinely forced to rethink their conclusions are in good company this time. "If Khamenei gets it wrong and doesn't really understand how the Iranian people are likely to see this, then we have some excuse for not always getting it right," says Sick...

Author: /time Magazine | Title: U.S. Still Struggling to Understand Iran | 6/17/2009 | See Source »

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