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...nuclear-technology deal he concluded with the Bush Administration. But Singh staked his political reputation on the growing relationship. "Under Bush, India was being encouraged to be an Asian power," says Brahma Chellaney, professor of strategic studies at the Centre for Policy Research, a New Delhi - based think tank. Implicit in the Bush agenda was the idea of helping a rising India become a democratic bulwark against authoritarian China. Now, says Chellaney, "Obama sees things through a different prism...

Author: /time Magazine | Title: Ties That Bind | 12/7/2009 | See Source »

...course, doesn't see it as a reversal. On Monday a lineup of prominent officials, including Secretary of State Clinton, Health and Human Services Secretary Kathleen Sebelius and presidential adviser Valerie Jarrett, spoke at a White House event to highlight the Administration's efforts on HIV/AIDS. In perhaps an implicit acknowledgement that this year's commitment has been less than robust, the word of the day was recommitment. On Tuesday U.S. global AIDS coordinator Eric Goosby released a five-year strategy for what Obama officials call "the next phase of PEPfAR." As Clinton described it on Monday, that next phase...

Author: /time Magazine | Title: Is Obama Scaling Back Bush's AIDS Initiative? | 12/2/2009 | See Source »

...This is not the kind of news the United Nations wants to hear. In fact, the report is an implicit condemnation of the recent strategy adopted by the U.N. peacekeeping mission in Congo, known by its French acronym MONUC. The operation began in 2000 as a way of monitoring the end of a five-year civil war in Congo, but the violence has dragged on for years and the U.N. has been unable to rid the region of insurgents, some of whom crossed the border from Rwanda after the genocide of the 1990s. After taking the lead role in fighting...

Author: /time Magazine | Title: U.N. Report: From Bad to Worse in War-Torn Congo | 11/27/2009 | See Source »

...Under Bush, India was being encouraged to be an Asian power," says Brahma Chellaney, professor of strategic studies at the Centre for Policy Research, a New Delhi-based think tank. Implicit in the Bush agenda was the idea of helping a rising India become a democratic bulwark against authoritarian China. "Now," says Chellaney, "Obama sees things through a different prism." (See pictures of India's tempestuous Nehru dynasty...

Author: /time Magazine | Title: Singh in Washington: Making the Case for India | 11/24/2009 | See Source »

Finally, conglomerate banks are often large enough to stifle competition. Last month, Alan Greenspan argued that institutions deemed “too big to fail” operate under an implicit subsidy from the government, since they would likely be rescued in a future financial emergency. This allows these banks to borrow more cheaply than their competitors and gain even greater market share. Today, four conglomerate banks (JPMorgan, Citigroup, Wells Fargo, and Bank of America) hold 39 percent of all domestic deposits. Placing this many eggs in four baskets will harm the entire economy should one mega-bank falter...

Author: By Anthony P. Dedousis | Title: Too Big to Fail is Too Big | 11/19/2009 | See Source »

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