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There's no question that the public was paying attention. In central Beijing, throngs of onlookers blocked traffic as they gathered to watch the spacewalk on giant outdoor TV screens. Decades from now, a generation of Chinese probably will not remember how many gold medals their country won. They may...

Author: /time Magazine | Title: The Moment | 10/2/2008 | See Source »

Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II administrations believed in three main things: deregulation, tax cuts that provide little relief for most Americans and government subsidies for huge corporations. John McCain now has a "comprehensive" plan for...

Author: /time Magazine | Title: Inbox | 10/2/2008 | See Source »

Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II administrations believed in three main things: deregulation, tax cuts that provide little relief for most Americans and government subsidies for huge corporations. John McCain now has a "comprehensive" plan for...

Author: /time Magazine | Title: Inbox | 10/2/2008 | See Source »

Democrats may smile as they remember the first time they watched the GOP struggle with a battered Administration, a sour economy and a controversial war. The Dems cleaned up in '74 and won a majority of the popular vote for President in '76--the only time they've managed that...

Author: /time Magazine | Title: The Moment | 10/2/2008 | See Source »

Gray is an interesting man to make that point, because in the 1970s he was one of the intellectual godfathers of Thatcherism, the belief that free markets and red-in-tooth-and-claw capitalism were the essential underpinnings of successful modern societies. Granted, he has been moving away from such...

Author: /time Magazine | Title: American Leadership, a Casualty of the Meltdown | 10/1/2008 | See Source »

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