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The U.S., the unquestioned leader of the global economy, is now in the midst of a disorienting shift in economic policy, away from the let-it-rip form of capitalism that has guided it for almost 30 years and toward more overt government control and regulation of huge swaths of...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fifth of five pieces to appear on TIME.com, he urges America to...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

Yet as the recession ends and the sense of crisis fades, we mustn't lose our freshly, painfully acquired ability to think the unthinkable. We need to keep downside risks in mind, to remember that good times can dramatically end and systems suddenly fail. But in plotting our national reconstruction...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

Click here to purchase a copy of Reset: How This Crisis Can Restore Our Values and Renew America.

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

Experts say that Top, an accountant by training, was inducted in 1998 as a member of Jemaah Islamiah (JI), the Southeast terror network with links to al-Qaeda. Top, a Malaysian who went to Indonesia after the Sept. 11, 2001, attacks on the U.S., is believed to have been involved...

Author: /time Magazine | Title: Indonesia's Most Wanted Terrorist is Reported Killed | 8/8/2009 | See Source »

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