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...course, just the reverse happened. Hollywood found a gigantic new market in videos and, 15 years later, in DVDs; digital sales and rentals now account for more than half of the industry's income. But like any lobbyist who sees change as a threat to be forestalled by protective legislation, bombs to be fought with bombast, Valenti often couldn't see past his and his employers' fears. In 1974 he warned that the infant cable industry would become "a huge parasite in the marketplace, feeding and fattening itself off of local television stations and copyright owners of copyrighted material...

Author: /time Magazine | Title: What Jack Valenti Did for Hollywood | 4/27/2007 | See Source »

...unfair epitaph for his CIA tenure. In its 549 pages, Tenet defends his actions and is highly critical of the decision-making process that led to the Iraq war. "There was never a serious debate that I know of within the administration about the imminence of the Iraqi threat," Tenet writes. He adds that there was also no "significant discussion" about dealing with Saddam Hussein short...

Author: /time Magazine | Title: George Tenet's Tale | 4/27/2007 | See Source »

...Today's nuclear threat comes from "rogue" states such as Iran and North Korea that Washington claims may not be deterrable by the Cold War calculus of mutually assured destruction. That's why the U.S. is continuing to work on the missile shield system on which it has already spent about $100 billion. And U.S. officials can't figure out why, given Russia's proximity to Iran and Washington's willingness to actually share the technology with Moscow, the Kremlin keeps saying "Nyet...

Author: /time Magazine | Title: Russia's Cold War Hangover | 4/27/2007 | See Source »

...Joint Chiefs of Staff Chairman General Peter Pace visited Moscow a month ago and tried to convince his Russian counterpart that extending the U.S. system to European bases was intended to counter an expected Iranian threat, and would not weaken Russia's own nuclear deterrent. "The math and geometry is fairly straightforward and fairly basic," he said. "If the Russians were to fire a missile at the United States, the [U.S. interceptor] missile that's in Poland would not be able to catch the missile that was fired from Russia...

Author: /time Magazine | Title: Russia's Cold War Hangover | 4/27/2007 | See Source »

...Instead of trying to intimidate its neighbors, Moscow should welcome the chance to work with the U.S. on missile defense, Obering said. "We have a combined interest in stopping this emerging missile threat," he said. "It's not the Russians that we're worried about - it's the Iranian missiles that we're worried about. There's thinking inside the Pentagon that Reagan's "Star Wars" plan so unnerved the Russians that they're still suffering from a Cold War hangover and ultimately might see the light and cooperate. But that's unlikely to happen so long as NATO encroaches...

Author: /time Magazine | Title: Russia's Cold War Hangover | 4/27/2007 | See Source »

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