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...test again for the system is, Are banks able to raise equity? Are investors confident enough in their ability to judge the strength of the banks' balance sheets that they're willing to put equity into a bank? We've seen substantial progress in that area. Now we're still going to put in place these facilities for legacy assets because we think they are good insurance against the risk of a future downturn, and we think they provide some broad help to this process of thawing receding credit markets. If the world gets progressively better, you may see less...

Author: /time Magazine | Title: Geithner Q&A | 6/29/2009 | See Source »

...pray with and turn to for spiritual guidance. George W. Bush and Bill Clinton stayed in close touch with their hometown pastors after moving to the White House. Not long into his first term, Clinton also started scheduling regular meetings with Bill Hybels, pastor of a Chicago-area evangelical megachurch called Willow Creek. Three other religious leaders - Phil Wogaman, Tony Campolo and Gordon MacDonald - went to the White House for monthly prayer sessions with Clinton after the Lewinsky scandal, as impeachment began to weigh...

Author: /time Magazine | Title: The Obamas Find a Church Home — Away from Home | 6/29/2009 | See Source »

...Potential plume sources on Enceladus are an active area of research," says Linda Spilker, a Cassini project scientist at the Jet Propulsion Laboratory in Pasadena, Calif...

Author: /time Magazine | Title: The Salty Waters of Saturn's Moon Hint at Life | 6/26/2009 | See Source »

...Still, Zainuddin was clearly of some use to the Pakistani military. The militant leader hailed from Mehsud's tribe and came from the same area. The army has insisted, with good reason, that it needs local support to be able to take on the likes of Mehsud. Zainuddin, if his claims to command thousands of fighters were to be believed (and many analysts believe they were inflated), could have helped the army destabilize Mehsud by forcing him to fight on two fronts. (See pictures of the battle against the Taliban...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

...head off the prospect of Swat falling to Taliban fighters loyal to Maulana Fazlullah, Muhammad's son-in-law, the government tasked Muhammad with urging his former disciple to lay down arms in exchange for the government's implementation of Islamic law in the area. It soon emerged, however, that the Taliban had no intention of laying down arms, but instead sought to extend its reach, and Sufi Muhammad turned out to be an active enabler of their advance...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

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