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...John McCain went from seeming lost and playing hapless defense to more focused offense. We'll learn soon how long that lasts, and at what price, but there were several days last week when McCain's team actually seemed in control of what passes for the campaign conversation. Obama saw his already thin lead narrow in a few places and was hinting by the end of the week that he might moderate his unpopular position on offshore oil drilling if lifting such a ban was part of a larger package of alternative energy initiatives. The week that started with Obama...

Author: /time Magazine | Title: The Week in Politics | 8/3/2008 | See Source »

...been severed, and they wanted to know where it was. I said, "I'm so sorry, but I see her hand in deep water." It turned out she was water-skiing on a lake, and her hand was severed in an accident and sank in a lake. I only saw the hand in deep water. I felt badly that I couldn't do more; my heart broke for this girl. But I'm human. I just have this ability that puts me in touch with something beyond this dimension. It's walked me through some very dark times...

Author: /time Magazine | Title: Q&A: Spirit Medium Concetta Bertoldi | 8/1/2008 | See Source »

...moved into a quiet hutong, a traditional narrow lane lined with courtyard houses, in eastern Beijing. Since April, the city's Olympic buzz has reached deafening proportions. In a period of months, my district, laid out 700 years ago during the Ming dynasty, saw lanes repaved, streetlights installed, sewage lines overhauled, roofs repaired, doors painted, windows replaced and rooms that had been haphazardly added onto old homes demolished and rebuilt in a traditional style. Piles of construction debris filled the streets; antique wooden eaves with hand-painted floral patterns were left out as scrap...

Author: /time Magazine | Title: Postcard: Beijing | 7/31/2008 | See Source »

...Paulson says that unlike the situation with Bear Stearns, there was never a moment when the two firms appeared in imminent danger of failure. But he saw far more dire potential consequences than in the case of Bear. "Their securities move like water among all of the financial institutions," he says of Fannie and Freddie. If holders ranging from central banks in Asia to community banks in Iowa had lost confidence, the ensuing sell-off might have been catastrophic...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

...actually at war with Israel - and were expressly designed to avoid Hamas, which remains engaged in confronting Israel. And their purpose was not to arrive at a deal for implementation, but rather to achieve a hypothetical settlement that would be shelved for a better day. Many in the region saw the Olmert-Abbas talks as more reflective of a U.S.-Israeli effort to isolate more militant elements that might be allied with Syria and Iran than of any serious intent to expeditiously resolve the Israeli-Palestinian conflict. The irony, of course, is that those elements the U.S. and Israel...

Author: /time Magazine | Title: Israel After Olmert | 7/31/2008 | See Source »

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