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...read the report, you'll see that there was nothing unlawful or unethical about replacing a Cabinet member...

Author: /time Magazine | Title: Verbatim | 10/16/2008 | See Source »

...Bernanke, who according to inside reports had been advocating for a recapitalization for months. Money flowed out of the stock market, including that of many large hedge funds. Some $2 trillion in market value disappeared in a week. "It was tunnel vision," says Republican Congressman Spencer Bachus, ranking member of the House Committee on Financial Services. At a meeting at the White House on Sept. 25, Bachus says, he and others brought up the need for alternative approaches. "The President said, 'Paulson wants to do it. He's the guy. Whatever he says...

Author: /time Magazine | Title: The Big Bank Bailout: Are You Next? | 10/16/2008 | See Source »

...More important, though, says Tom McManus, chief investment officer at Wachovia Securities, is your own comfort level: "If you can't sleep, you have to sell down to the sleeping level--a mode where you are comfortable opening the statement and discussing it with your adviser or a family member...

Author: /time Magazine | Title: The Big Bank Bailout: Are You Next? | 10/16/2008 | See Source »

...Hence, it is highly unlikely that Venezuela will ever be able to afford the loans and war material it receives from Russia, for even in the medium term, the junior member of this alliance is financially unsound and, increasingly, politically powerless. Despite the threatening sound of this partnership for U.S. interests, it is clear that these unlikely allies came together out of fear: Whereas the Kremlin fears diplomatic isolation, Chavez fears his end may be fast approaching. What we should all fear is what a populist like Chavez will do with Russian weaponry at a time when he is desperate...

Author: By Pierpaolo Barbieri | Title: The Axis of Guns and Oil | 10/15/2008 | See Source »

...debate, including the state of the economy, health care, the war in Iraq, and public education. “We’re looking for more pointed responses from the debaters because in the [national] debate later on, that may not happen,” said IOP Forum Committee member Christopher J. Hollyday ’11. Questions were posed by former Chairperson of the Massachusetts State Republican Party Jean Inman, former governor of Iowa Thomas J. Vilsack, and Emma M. Lind ’09, editorial chair of The Harvard Crimson. David C. King, a lecturer in public policy...

Author: By Pooja Venkatraman, CONTRIBUTING WRITER | Title: Undergraduates Prepare For November 4 | 10/15/2008 | See Source »

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