TOp of THE WEEK

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TheNew Power Elite

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DECEMBER 29, 2008/JANUARY 5, 2009

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GaVER: ILLUSTRATION BY LoRENZO PETRANTONI FOR NEWSWEEK. PHOTOGRAPH BY NIGEL PARRY-CPI FOR NEWSWEEK.

How will the world's most influential people wield contraI? Paffe32

THE ISSUE

20 The twilight of capitalism by Michael Freedman 22 Postquake by Melinda Liu 23 Zimbabwe, bad to worse

byRodNordland

24 First person: Foreclosure by Daniel McGinn Year-End Special 32 The history of power

byJon Meacham 36 Obama the Mighty

by FareedZakaria 38 Power profiles 45 Return of the Clintons

byJonathan Alter 48 Our new ~conomic guru

byDaniel Gross 56 Steve Jobs, innovatorin

chief byDaniel Lyons 63 The biochemical entrepre-

neur byJeneen lnterlandi 65 The most important cleric

you've never heard of by Lisa Miller

75 A carbon emitter goes green by Sharon Begley

77 The year in cartoons

DEPARTMENTS 4 Periscope 5 Perspectives 19 WorldView 84 The Last Word

Vol, CUI, No.26/Vol. CUII, No.1. December29, 2006/January 5, 2009 @2006 by NEWSWEEK,Inc., 251West 57th Street, NewYork, NY10019.Prlnted by Roto Smeets, Weert, Netherlands. Ali rights reserved. Reglstered at the Post Office as a newspaper. Copyright under the International Copyright Convention. Copyright reserved under the Pan American Convention, Registered in the Philippines Patent Office. ln the U.S.A.:Postrnaster: send address changes to NEWSWEEKINTERNATIONAL,

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art. 2 comma 20/b Legge23/12/96 n. 662 Milano; Repr.pour la France: E.M.D.France S. A., B.P.1029-590111.111eCedex-Tel 03.20.30.03.02.Le Directeur de la Publication: Alan F.80ne-C.RP.A.P. No.0708 C83393. Ce numéro com- prend un encart de deux pages (abonnement) situé entre les folios

2 et 55.

Editeur responsable pour la Belgique:André Verwilghen, AvenueLouise176,1050 Bruxelles

PHOTOGRAPH BY CHARLES OMMANNEY -GETTI IMAGES FOR NEWSWEEK

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