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On Oct. 19, the U.S. Justice Department announced that federal prosecutors would not pursue medical-marijuana users and distributors who comply with state laws, formalizing a policy at which the Obama Administration hinted earlier this year. Currently, 13 states allow doctors to prescribe medical marijuana to patients suffering from ailments...

Author: /time Magazine | Title: Medical Marijuana | 10/21/2009 | See Source »

In that, at least, there was a glimmer of truth. When the balloon landed in a soft, freshly ploughed field north of Denver International Airport, there was a leap of hope; when the rescuers found no one inside to rescue, a second, sinking fear took old. Had Falcon fallen out...

Author: /time Magazine | Title: What Should Happen to Balloon Boy's Parents? | 10/19/2009 | See Source »

Volcker also expressed fears about the government rescue of troubled banks. He argued in favor of a system in which the government could take over faltering institutions to prevent collapse—with the ultimate goal of dissolving such financial groups.

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Volcker Criticizes Financial Engineering | 10/16/2009 | See Source »

Tracking the LaughsThe truth is, comedy didn't go away when sitcoms did; it just moved. Even as TV dramas became more complicated and dark, many of them, like Lost, Rescue Me and The Sopranos, also provided some of the funniest moments on television. (Think Christopher and Paulie Walnuts stuck...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

How do we subsidize homeownership? Let me count the ways. First, more than 80% of the mortgage loans made in the U.S. so far this year have been bought by the government-sponsored entities (GSEs) Fannie Mae, Freddie Mac and Ginnie Mae. That keeps the interest rates on those GSE...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

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