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...people view the PC as the device they want to read on," he said. "And that's interesting because the PC is a general-interest device - we had hoped to see a little bit more of an uptake on that. On the other hand, we've seen a tremendous amount of uptake on the Kindle. It just works from a user perspective...

Author: /time Magazine | Title: Amazon's Kindle 2: Trying to Light a Bigger Fire | 2/9/2009 | See Source »

...America used Strata's collateral as the backing against which it could write credit default swaps (CDS), that is, insurance contracts based on whether some other bonds get paid back. As a writer, or seller, of CDS contracts, Strata investors get a regular fee, much like a annual amount any insurance holder would pay, for guaranteeing the buyer of the insurance against losses on the bonds. All told, Bank of America wrote CDS contracts worth $20 million based on the debts of as many as 75 companies. Add the fees from the insurance contracts to the interest Strata was already...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...Many abortion-rights supporters have claimed that the policy decreased the amount and quality of American aid for reproductive health abroad. The first objection is groundless. The rules had no effect on the size of appropriations; they merely redirected funds and resources formerly given to non-compliant groups to those that accepted the provisions. The second has some footing. When the policy came into force some major reproductive health providers, particularly some affiliates of the International Planned Parenthood Federation refused to participate, although 44 ultimately chose to. This intransigence, however, was entirely self-imposed and absurdly doctrinaireā€”after...

Author: By Roger G. Waite | Title: The Road Down from Mexico City | 2/8/2009 | See Source »

...engaged in. "The Gang of 14 was focused on a particular target, and that was to avoid the nuclear option," Nelson said in an interview with TIME. "Here, not everybody is supportive of a stimulus package to begin with, and all of us have questions about the amount and what's in the package. When that's the case, the number of differing opinions that you have multiplies...

Author: /time Magazine | Title: Can Ben Nelson Get a Bipartisan Stimulus Win? | 2/6/2009 | See Source »

...said. He approached his old friend Collins, and the two met over coffee in Nelson's offices on the 7th floor of the Hart Senate Office Building Friday morning. There they agreed to explore interest among "some of our colleagues in a process of scrubbing and changing, reducing the amount of the package so it wouldn't be a runaway tsunami of spending," Nelson said. The two asked for volunteers at the weekly lunches held by both parties on Tuesday and have spent the past 56 hours sitting around the negotiating table...

Author: /time Magazine | Title: Can Ben Nelson Get a Bipartisan Stimulus Win? | 2/6/2009 | See Source »

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