COVER

UNITED STATES

The New Agenda (Election 2008)

You don't hoard political capital in a crisis. Here are five steps that would help get America back on track

WORLD

Postcard from Kogelo

As Barack Obama becomes the first black U.S. President, his relatives adopt his win as their own. In western Kenya, watching the dream become reality

ESSAY

Passing the Torch (In the Arena)

Obama's victory heralds a new generation of leaders — and an America that is still taking shape

Close Encounter (Commentary)

What a meeting in Hawaii revealed about America's future President--and the world that awaits him

LETTERS