. ."" - .. -- '." ~--" ~~
G=1)LLÇlLj U~
1L jJAN. 200e.u
1Rk o,c Top of THE WEEK .
.FEBRUARY 4, 2008
Is a WorldRecession Near?
N~WS'Y.EEKcharts the anatomy of a crisis, and asks 14 giants of finance just how oad iflo"oks. Saille say just plain bad; others see shades of the Depression. Page34
THE ISSUE World Affairs 12 Co-President Clintons
by Evan Thomas and Suzanne Smalley
20 Sarkozy's Western gambit
by TraCy McNicoll
22 Russia's disruptive power by Owen Matthews 23 For a Natolandofthefree
by Denis MacShane
24 Twilight of the Asian idols by GeorgeWehifritz 26 Interviews: Karzai and
Barak byLally Weymouth Business
28 The road to recession byDaniel Gross 33 The cockroach theory of
crisis by GeorgeWehifritz 34 Voices: 14giants of
Wall Street and business
THE BILL FACTOR: Clinton's husband go es on the attack
on the market shock and its future
. Society & The Arts 40 One word, young man:
'Zoom' byBarrett Sheridan 44 Adoption: a closing escape
route byMac Margolis 48 The politics of the baby gap
byPat Wingert
DEPARTMENTS 4 Periscope 5 Perspectives
11 World View 53 The Good Lire 56 The Last Ward
GOVER: PHOTO ILLUSTRATION BYJONATHAN BARKAT FOR NEWSWEEK. INSET: JONATHAN TORGOVNIK FOR NEWSWEEK.
Vol.CLI,No. 5.February 4, 2008@2008byNEWSWEEK,Inc., 251 West 57th Street, New York, NY10019. Prlnted by Roto Smeets, Weert, Netherlands. Alirights reserved. Reglstered at the Post Office as a newspaper. Copyright under
the InternationalCopyrightConvention.Copyrightreserved underthe PanAmericanConvention.Registeredinthe PhilippinesPatent Office.lnthe U.S.A.: Postmaster: send address changesto NEWSWEEK
INTERNATIONAL,251West 57thStreet, NewYork,NY10019;periodicaipostage paidat NewYork,N.Y., and atadditionaimailingoffices.
NEWSWEEKINTERNATIONALiswrittenandeditedfora worldwide audience andispublished weekiy, exceptoccasionally twoi
ssues are combined into oneexpanded issue which counts as twosubscription copies, in the U.K. by NEWSWEEK,Inc. (lSSN 0163-7053). To order 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.IMO sri,via G. da Velate 11-20162 Milano: aut. Trlb. MI N. 453dei 12/06/87 sped. Abb. Post. 45% art. 2 comma 20/b legge 23/12/96 n. 662Milano; Repr. pour la France: E.M.O. France S. A., B.P. 1029-59011 Ulle Cedex-Tel 03.20.30.03.02. Le Directeur de ia Publication: Alan F. Bone-C.P.P.A.P. No. 0708 C 83393. Ce numéro comprend un encart de deux pages (abonnement) situé entre les folios 2 et 55. Editeur responsable pour la Belgique: André Verwilghen, Avenue Louise 176, 1050 Bruxelles
ABOVE. PHOTOGRAPH BY CHARLES OMMANN"Y-GE'l"rY IMAGiiS FOR NEWSWJ-:J-:K 3