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Bank nationalization is the phrase on everyone's lips at the moment - with Alan Greenspan, Chris Dodd and Paul Krugman among the leading lights of the unlikely coalition in favor of it, and members of the Obama Administration repeatedly denying that it's in their plans. It's a misleading debate, though, given that the U.S. banking system was effectively nationalized on Oct. 13, when then Treasury Secretary Henry Paulson called the heads of the country's nine biggest banks into his office and told them they couldn't leave the room before agreeing to sell shares to the government...

Author: /time Magazine | Title: The Beleaguered Banks Get Ready for Their Big Test | 2/24/2009 | See Source »

...Lincoln, America's first Republican President. It was remarkable, considering that Illinois rarely receives serious attention from national Republicans. George H.W. Bush was the last Republican presidential candidate to carry Illinois, in 1988. In recent years, Illinois' Republican Party has been so neutered that, in 2004, it imported Alan Keyes from Maryland to compete against Barack Obama for a U.S. Senate seat. So Steele's visit demonstrates a key aspect of his strategy for reviving the party: planting the party's flag in states beyond the South long ago dismissed by the GOP, while maintaining strongholds like DuPage...

Author: /time Magazine | Title: Can Michael Steele Broaden the Grand Old Party? | 2/24/2009 | See Source »

...peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...

Author: /time Magazine | Title: Why March Will Be the Recession's Tipping Point | 2/20/2009 | See Source »

...Fresh Angle Alan Rusbridger, editor of Britain's Guardian newspaper, takes a different view. Like VG in Norway, the Guardian was among the first British papers to recognize the Internet as the only portal in the storm that was buffeting traditional newspapers. Its own title wasn't spared. The Guardian's circulation was 516,000 in 1986; last year, it was down to around 351,000 copies. Unlike VG, however, the Guardian has bet its building that the future lies in so-called media integration - the same single staff for newsprint, Internet and the video and audio reportage that...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

Harvard Law School Professor Alan M. Dershowitz has called for a “counter-disinvestment campaign” against Hampshire College unless the school explicitly denies claims that their recent decision to withdraw from a mutual fund represents an act of divestment from Israel. Hampshire administrators decided earlier this month to withdraw investments from a State Street mutual fund with holdings in six companies contracting with the Israeli military, after a college student group, Students for Justice in Palestine, petitioned the school to divest because of the companies’ ties to what students called “Israel?...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Dershowitz Defends Investments in Israel | 2/18/2009 | See Source »

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