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FEBRUARY 16, 2009

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Destination:Europe

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, Business

40 The new CEG obsession byDaniel McGinn 42 Executive roundtable:

Crisis survival

ln response to those "shameless" bankers, the conversation has shifted leftward

and President Obama is sounding like a continental head of state. Palle14 Society & The Arts 46 The draw ofDead Town

by Suzanne Smalley 50 The new Arab art scelle

by Sophie Grove THE ISSUE

World Affairs

14 We're aIl socialists now by JonMeacham 16 Obama le Français

by Michael Freedman 20 Enter the doomsayers ...

again byDaniel Gross 21 The bailout morality play

by Robert J. Samuelson

22 Laughing at the fat cats byJerry Adler

27 Embrace the ]apan scenario by Edward J. Lincoln

28 End of the Chinese dream by Mary Hennock 30 A world without nukes

by Henry A. Kissinger 33 Saving Gaza byAbdul Rahman H. Al-Saeed 34 How to talk to Iran

byMaziar Bahari

36 The BlackBerry syndrome by Sharon Begley

DEPARTMENTS

4 Periscope 5 Perspectives 11 World View 57 The Good Life 60 The Last Ward NO MORE NIGHTMARE: How

to haltproliferation of the world's most deadly weapons

Vol. GUll, No.7. February 16,2009@ 2009 by NEWSWEEK,Inc., 251West57th Street, New York, NY10019.Printed by Roto Smeets, Weert, Netherlands. Ali rights reserved. Registeredat the Post Office as a newspaper. Gopyright under the International Gopyright Gonvention.Gopyright reserved under the PanAmerican Gonvention.Registered in the PhilippinesPatent Office. ln the U.S.A.:Postmaster: send address changes to NEWSWEEKINTERNATIONAL,251West 57th Street, NewYork, NY10019;periodical postage paid at NewYork, N.Y"and at additional mailing offices. NEWSWEEKINTERNATIONALis written and edited for a worldwide audience and is published weekly, except occasionally two is- sues are combined into one expanded issue which counts as two subscription copies, in the U.K.by NEWSWEEK,Inc. (ISSN0163-7053). Toorder reprints (minimum order required: 500 copies) or request permission to republish a NEWSWEEKarticle please cali 1-212-445-4870 or fax 1-212-445-5764. Dir.Resp.Italia Marco Provasi; rappr. IMOsri, via G.da Velate 11-20162Milano;aut. Trib. MI N. 453 dei 12/06/87 sped. Abb. Post. 45% art. 2 comma 20/b I.egge 23/12/96 n. 662 Milano; Repr.pour la France: E.M.D.France S. A., B.P.1029-59011lille Gedex-Tel 03.20.30.03.02.Le Directeur de la Publication: Alan F.Bone-G.P.P.A.P.No.0708 G83393. Genuméro comprend un encart de deux pages (abonnement) situé entre les folios2 et 55.Editeur responsable pour la Belgique:André Verwilghen, AvenueLouise176,1050 Bruxelles

TOP 1'0 BOTI'OM,PHOTOGRAPH BY CHABLES OMMANNEY-GETTY IMAGES FORNEWSWEEK,

US AIR FORCE-TIME LIFE PICTURES.GETI'Y IMAGES 3

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ln the U.S.A.: Postmaster: send address changes la NEWSWEEK INTERNATiONAL, 251 West57th Street, NewYork,NY10019; periodicalpostagepaidat

ln the U.S.A.: Postmaster: send address changes to NEWSWEEK INTERNATIONAL, 251 West57th Street, NewYork,NY10019; periodieai postage paidat NewYork,N.Y.,and at additionaimailing

ln the U.S.A.: Postmaster: send address changes ta NEWSWEEK INTERNATIONAL, 251 West57th Street, NewYork,NY 10019; periodieal postage paidat NewYork,N.Y.,and

ln the U.S.A.:Postmaster: send address changes to NEWSWEEKINTERNATIONAL, 251 West 57th Street, New York, NY 10019; perlodical postage paid at New York, N.Y., and at addltional

ln the U.S.A.: Postmaster: send address changes to NEWSWEEKINTERNATiONAL,251 West 57th Street, New York, NY 10019; periodical postage paid at New York, NY., and at additional

ln the U.S.A.: Postmaster: send address changes to NEWSWEEK INTERNATIONAL, 251 West 57th Street, NewYork, NY10019;perlodical postage paid at New York, N.Y.,and at addltlonal

ln the U.S.A.: Postmaster: send address changesta NEWSWEEK INTERNATIONAL, 251 West 57th Street, NewYork, NY10019;periodical postage pald at New York, N.Y.,and at additlonal

ln the U.S.A.:Postmaster: send address changes to NEWSWEEK INTERNATIONAL, 251 West 57th Street, New York, NY10019; periodical postage paid at NewYork, N.Y.,and at add~ional