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...next President, whether it's Barack Obama or John McCain, will take the helm amid a maelstrom. Testifying before Congress, former chairman of the Federal Reserve Alan Greenspan - not known for his colorful public statements - professed "shocked disbelief" at the "tsunami" that has plunged global finance into disarray. He predicted a deep recession that will cost jobs and devastate balance sheets across the economy - "much broader than anything I could have imagined." When the chief economic advisers to McCain and Obama met recently for a debate, they found little to agree on. But they shared the realization that...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...required a slight suspension of disbelief to watch NBC's Meet the Press Sunday morning as Tom Brokaw opened with, and kept coming back to, McCain's weakness in the polls in his contest against Barack Obama for the White House. "Listen, I don't have the most encouraging news for you today from the NBC News/Mason-Dixon poll," Brokaw began, as he sat with McCain in Waterloo, Iowa. "Here in Iowa, it now shows that Obama has a lead of 11 points, 51% to 40%." McCain's reply - "Those polls have consistently shown me much further behind than we actually...

Author: /time Magazine | Title: Against All Odds, McCain Still Sees a Final Comeback | 10/27/2008 | See Source »

...allegedly “enchanted” garden (though we found it less than magical) and gawked at elaborate company picnics, complete with bouncy inflatable houses. We even stumbled upon a family that had set up a slip-n-slide on the side of a hill. In utter disbelief, Kevin asked a shirtless, red-bellied man where they had gotten the hose and water source. The man simply smiled back at us and replied, “It’s a park!” before hurling himself headfirst down the slippery slope...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Hunting Buffalo | 10/22/2008 | See Source »

...generation that turned away from Communism to embrace the heady liberalismof the Prague Spring before it was crushed by Soviet tanks. So the recent allegation that, as a student under Communist rule, he informed local police on a young man is being greeted with dismay, and a little disbelief. The author of The Unbearable Lightness of Being and other best selling novels has vehemently denied the allegation, saying that the allegations are an attempt at character "assassination" and that he did not even know the man in question - a Czech-born agent of a Western intelligence agency who was subsequently...

Author: /time Magazine | Title: Was Milan Kundera a Communist Snitch? | 10/18/2008 | See Source »

Brown's speed-of-light transformation from champion of market liberalization to strict regulator has left even his allies shaking their heads in disbelief. "Who would have dreamed that a financial crisis would have given Labour a lifeline?" marvels former Home Secretary David Blunkett. One reason is that Brown has shifted blame to greedy bankers (he inveighs against "the age of irresponsibility") and to America's subprime mortgage debacle. "It is pretty clear to me that this problem started in America," Brown declared as he unveiled the bank bailout. The idea of a global contagion originating in a distant country...

Author: /time Magazine | Title: Flash Gordon Brown | 10/15/2008 | See Source »

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