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DECEMBER 22, 2008

Top of THE WEEK

The7 PercentSolution

Paulson and Bernanke have led a vast rescue effort, but the world economy is still tanking. Jeffrey E. Garten makes the case for spending much more, faster. Pa~a20

THE ISSUE World Affairs 20 The $4 trillion rescue

byJeffrey E. Garten 24 What Detroit got wrong

by Daniel Gross

28 Why lobbyists love Obama byRobert J. Samuelson

29 What China caTIlearn froID '29 byMichael Pettis 30 Beijing: The sick link in

reform byMary Hennock 33 Mter Mumbai: The private

caps byJason Overdoif 36 Is Sarkozy tao powerful?

byChristopherDickey 39 On Al Qaeda's letter to

Obama byGillesKepel 40 Thewhistle-blower: Bush's

spying byMichaellsikoff 50 Corruption: Obama's seat

for sale byEvan Thomas 53 Beware of Washington,

Mr. Obama byCharlesPeters Society & The Arts 54 The defining arts of the

Bush era

DEPARTMENTS 4 Periscope 5 Perspectives 19 WorldView 65 The GoodLife 68 The Last Word

CENTER OF ATTENTION:

Merkel

(lcft), Sarkozy andwife Carla

Vol. CUI, No,25, December22, 200B@ 200Bby NEWSWEEK,Inc" 251West 57th Street, New York, NY10019,Prlnted by Roto Smeets, Weert, Netherlands. Ali rights reserved. Reglstered at the Post Office as a newspaper. Copyright un- der the International Copyright Convention. Copyright reserved under the Pan American Convention. Registered ln the Philippines Patent Office. ln the U.S.A.:Postmaster: send address changes to NEWSWEEKINTERNATIONAL,

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