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...spent $530 billion more this year than it did last year, a number that includes $169 billion for the Troubled Asset Relief Program (TARP), $125 billion for the American Recovery and Reinvestment Act and $83 billion to bail out Fannie Mae and Freddie Mac. And that doesn't even account for the spending scheduled for next year. Add to this the projected $1 trillion price tag of Obama's proposed health-care plan and things begin to look pretty expensive...

Author: /time Magazine | Title: The U.S. Deficit | 8/25/2009 | See Source »

...chaos, before the collapses of Bear Stearns and Merrill Lynch, Fannie and Freddie, Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...assault directed by a collection of pathogens. A research team led by entomologist May Berenbaum at the University of Illinois compared the whole genome of honeybees that came from hives that had suffered from CCD with hives that were healthy. The sick bees exhibited genetic damage that could account for the die-off, and that damage indicated that they might be afflicted with multiple viruses simultaneously. This could weaken them enough to trigger CCD. "It's like a perfect storm," says Berenbaum...

Author: /time Magazine | Title: New Clues in the Mass Death of Bees | 8/24/2009 | See Source »

...Carolina's Fort Bragg, where deploying soldiers are given a copy to help keep them connected to their sweeties, albeit via video-conferencing.) The dates are designed for couples to hash out hot-button issues - including money, sex and anger - or to negotiate new household roles that take into account chores the kids used to tackle...

Author: /time Magazine | Title: Learning to Live (and Love) in an Empty Nest | 8/24/2009 | See Source »

...member dues, or premiums, to pay for expanded abortion coverage would be segregated from the federal tax dollars by keeping the money in separate internal accounts. The problem is that all those who sign up for the public option would have to pay into the account for abortion coverage, an amount "not less than $1 per month," according to the legislation. So in effect, anyone who wanted to sign up for the public option, a federally funded and administered program, would find themselves paying for abortion coverage. "You are spreading the cost of the procedure over a public plan," explains...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

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