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...number of the large countries that make up the E.U. began to form political and military and alliances after WWII and these expanded as the Soviet Union dissolved. Through the current financial crisis there has been very little coordinated economic policy among these same counties even though some of the economically weaker ones would certainly benefit from a program to shore up the financial health of the region by providing a pool of capital for temporary...

Author: /time Magazine | Title: Asia's Economies Form an Alliance the West Can't Match | 5/4/2009 | See Source »

Each mother ship works with four or five attack vessels, which are not unlike WWII PT boats, but are made of light-weight metal or composite instead of wood. Each of these has to run on two or more turbo diesels which put out 480 HP at 3,000 PRM. These are not engines which are likely to be used on any of the hijacked ships so they are probably one of the largest direct costs the pirates have. If the pirates operate 50 raiding boat it requires 100 engines. These cost as much as $15,000 each...

Author: /time Magazine | Title: Somali Pirates Are Getting Rich: A Look At The Profit Margins | 4/15/2009 | See Source »

...more to do with our warped, Web 2.0 understanding of privacy.During the Vietnam War, the nation’s first televised war, the American public was given essentially unrestricted access to how graphic and horrific war truly was. The propaganda newsreels of smiling soldiers and stereotyped enemies of WWII were replaced with the photographs, videos, and reports of embedded journalists, showing terrified young faces of American soldiers and piles of death wherever one looked. Until that time, the public’s overall exposure to that kind of violence had been limited to things like comparably tame horror movies, historical...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: A Desensitized American Psyche | 4/10/2009 | See Source »

...current recession is the longest since WWII and continues for another year, one of its most frightening characteristics is that the number of people whose jobless benefits run out is going to be large and will almost certainly grow substantially beginning relatively soon. This means that even though giving financial support to the unemployed may be an unbelievable expense, it may actually cost more to remove their government safety net and in some cases allow them to become indigent...

Author: /time Magazine | Title: When Joblessness Becomes Homelessness | 4/6/2009 | See Source »

...signing of the Treaty of Versailles at the end of the first World War. During the second, Franklin D. Roosevelt, one of the most widely-traveled U.S. presidents in history, journeyed all over the world to confer with leaders about the conflict. In 1945, near the end of WWII, he attended the Yalta Conference in the Soviet Union with the other Allied leaders, and the end result was the partition of Germany and the creation of the United Nations. Dwight D. Eisenhower, fulfilling a campaign promise, traveled to Korea as President-Elect in December 1952 - the Korean War ended seven...

Author: /time Magazine | Title: Presidents Abroad | 3/31/2009 | See Source »

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