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That reluctance is not necessarily for the reason often cited when U.S.-China trade issues come up. A frequent assertion by critics of U.S. trade policy is that Washington can't afford to get tough with China on trade because Beijing buys so much U.S. Treasury debt. Washington can't even say "Boo" to the Chinese, this argument goes, without risking that China would take its money and go home, driving U.S. interest rates up in the process...

Author: /time Magazine | Title: Behind Geithner's China-Currency Charge | 1/23/2009 | See Source »

...Clearly, if locally-owned, independent businesses run by women are able to afford rent in prime locations, then one would conclude that rents are not skyrocketing,” she said...

Author: By Emma R. Carron, CRIMSON STAFF WRITER | Title: Two Square Businesses Shut Down | 1/21/2009 | See Source »

...make repairs, since eight years away had "despoiled my buildings but also deranged my private affairs." Truman, who had only modest savings and $112.56 a month from his Army pension, had to take out a bank loan in his last couple of weeks in office and could barely afford the stamps to answer all the letters that came in. It wasn't until 1958 that Congress got around to actually voting for a presidential pension and allowance to cover overhead...

Author: /time Magazine | Title: Is There a Second Act for George W. Bush? | 1/21/2009 | See Source »

...saying "Government is the problem," Obama announced the arrival of a prudent new liberalism: "The question we ask today is not whether our government is too big or too small but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified." Conservatives assume such tasks - employment, health care, retirement - are the province of the market. We have had 30 years of paeans to the wonders of free enterprise, but Obama made it clear that markets are not an unalloyed good: "This crisis has reminded us that without...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...taxes during several of the years in question, or by his accountant. Among Geithner's missteps: he claimed that payments made for summer camp for his children were tax deductible because they qualified as dependent-care. But the dependent-care credit is aimed at helping middle-class working parents afford the cost of daily child care, not at helping pay for expensive retreats. An accountant told Geithner in 2006 that overnight camps were not eligible for a tax break, according to the Senate Finance Committee report. Still, Geithner failed to file amended tax returns and pay his back taxes until...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

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