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America's military and ideological commitments grew and grew, far beyond our capacity to carry them out. And now the power bubble has popped. Militarily, savvy and savage guerrilla movements have learned how to bleed us of money, lives and limbs. Economically, resources are scarce; it's hard to pay...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

?All we can hope is that government leaders have learned the lessons of the past. In a statement issued at the G-20 summit in Washington in November, the participants insisted that they understood "the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

Cheney played the line for laughs - and the room understandably collapsed in howls when he delivered it. For it is widely believed among those who have closely studied the Bush 43 White House that sometime in his first term President George W. Bush ceded too much authority to his No...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

We have learned to distinguish among F-16 bombings, Apache and tank shelling, and the sounds of various other projectiles exploding. But two days before Israel halted its ground offensive, Gaza witnessed the most intense attacks and the deepest incursions into its towns so far, and while we could hear...

Author: /time Magazine | Title: Surviving Gaza: What Was the Sacrifice For? | 1/19/2009 | See Source »

Enter Facebook, which provides a constant flow of information via short updates from everyone a user knows: a distant cousin is glad he skipped the cheeseburger chowder; a colleague has a new book on sale; a close friend is engaged or newly single. Jenny and I, along with three of...

Author: /time Magazine | Title: Does Facebook Replace Face Time or Enhance It? | 1/18/2009 | See Source »

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