Word: publicizing
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When the exiled tibetan spiritual leader, the Dalai Lama, last visited Taiwan eight years ago, Beijing went ballistic. To China's leaders, the Dalai Lama is Public Enemy No. 1 for, they claim, fomenting Tibetan separatism. Until very recently, the Beijing view of Taiwan was just as jaundiced and one-dimensional: a renegade province led and populated by disloyal subjects bent on denying China's Party-given right to rule them. Put the two together and you have the mainland's worst "splittist" nightmare. As the Dalai Lama sat down with all the island's then top political figures, Beijing...
...Watch TIME's video "The Kennedys - the Agony of Grieving in Public...
...Dick Cheney's more memorable lines. "Deficits don't matter," he told Treasury Secretary Paul O'Neill in 2002. Later, after O'Neill made the conversation public, Cheney elaborated that he meant this "in a political context," not an economic one. But for most of Cheney's time as Vice President, the claim held up pretty well in both contexts. Over O'Neill's objections - he'd be gone soon anyway - the Bush Administration and Congress abandoned a bipartisan commitment to fiscal prudence that had held sway since the early 1990s and went back to running chronic deficits. The result...
...Chinese officials said repeatedly that they were uncomfortable holding so many U.S. securities. Interest rates on Treasuries inched up. And another billionaire launched an assault on deficit spending - this time private-equity kingpin Peter Peterson, who took most of the $1.9 billion he made from the 2007 initial public offering of his Blackstone Group and put it into a foundation devoted to raising fiscal awareness...
...pressure so far, at least. The federal debt, at $7.6 trillion, is now above 50% of GDP and rising. The government faces commitments to Social Security and Medicare that dwarf that figure. Republican congressional leaders have decided they care about deficits again - and seem to be making headway in public opinion. The prevailing winds will shift one of these days. Because deficits don't matter, until they...