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...banks' balance sheets. If approved by Parliament, which appears increasingly likely, NAMA would spend some $81 billion of taxpayer money to buy loans worth an estimated $70.5 billion at current market value. The so-called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government assumes, the country's property market will have recovered. This assumption also explains the $10.5 billion markup in the sum to be paid for the toxic assets - a difference the government says reflects the long-term economic value...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...American citizens in Mexico have to opt for periodic flights home or else choose to pay out-of-pocket medical expenses. And because expatriates have diverse geographic origins in the U.S., there are no specific congressional districts they can pressure to legislate change in the Medicare rules on their behalf...

Author: /time Magazine | Title: Medicare Savings: Is the Answer in Mexico? | 10/23/2009 | See Source »

...That means it can be hard to find a truly independent viewpoint, though it often requires deep digging into the finances of advocacy groups to discover their ties. In July, one calling itself the National Health Council wrote letters to members of Congress "on behalf of 133 million Americans" asking for a minimum of 10 years of data exclusivity. The group boasts a membership that includes 50 of the nation's largest patient-advocacy groups, including the American Cancer Society, Easter Seals and the National Kidney Foundation. But its board of directors reads like...

Author: /time Magazine | Title: How Drug-Industry Lobbyists Won on Health-Care | 10/22/2009 | See Source »

...White House is at the same time trying to use the appearance with Corzine as another opportunity to focus on its own central domestic message: the need for more jobs. "President Obama will campaign on behalf of candidates, like Governor Corzine, who share the President's commitment to implementing the Recovery Act, creating jobs and laying a new foundation for America's long-term economic strength," explains Josh Earnest, a White House spokesman...

Author: /time Magazine | Title: Obama in New Jersey: Trying to Rescue Corzine | 10/21/2009 | See Source »

...however, would have been worse had Rajaratnam been arrested four years ago, when he was a more dominant force in the market. In 2005, when he made a move to shed some of his holdings, it too was met with the repetition of accusations that he was working on behalf of the Tigers. Just before Sri Lanka went to polls to elect a new President that November, Rajaratnam began selling shares. The move led to speculation that he had prior knowledge of a vote boycott forced by the Tigers in areas under the latter's control. In an August interview...

Author: /time Magazine | Title: Inside Trader Has Long Faced Scrutiny in Sri Lanka | 10/20/2009 | See Source »

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