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...Paulson, what do you expect them to say? "Gosh, I got to worry about my Maserati or my plane payments?" No. They call up and shriek about systemic risk. Come on. Investment banks have been going bankrupt for hundreds of years and the world has still somehow survived. This approach has never worked. This is what the Japanese did in the 1990s. They refused to let anyone fail. And they had zombie banks and zombie companies. The way the system is supposed to work is when we have bad times, the assets moves from the incompetent to the competent...

Author: /time Magazine | Title: Q&A with Investing Legend Jim Rogers | 10/31/2008 | See Source »

...oriented, sees problems as separate issues and is primarily reactive. Barack Obama is more of a visionary, seeing a bigger, intertwined picture. For example, the visionary would perceive energy as an issue related to our security, the environment, our domestic economy and foreign policy. The troubleshooter, McCain, tends to approach energy by proposing immediate fixes: opening areas for drilling, now; building nuclear plants; reducing restrictions. While style is no guarantee of competence, Obama's fits the country's needs. James A. Savage Jr., HOLLY SPRINGS...

Author: /time Magazine | Title: Two Candidates, Two Styles | 10/31/2008 | See Source »

...Though many pundits accuse Obama of being too cool, I do think some of it is on purpose. Imagine being the first African American with a real shot at the job. A hotheaded, emotional approach could make many whites uncomfortable. If Obama is elected and does the job well, the next time an African American runs, he or she will be freer to act less controlled. Diane Lake, MACHESNEY PARK...

Author: /time Magazine | Title: Two Candidates, Two Styles | 10/31/2008 | See Source »

...sometimes means staying on the same page. Then there is the question of taxes. Obama has made overhauling the tax code a centerpiece of his campaign. In the real world of Washington, his plan is a mixture of commonplace steps (tweaking income tax rates) and unprecedented measures (a new approach to payroll taxes). The likelihood that he will get anything like the tax package he has outlined - or even that he'll seek all the changes he has promised - is remote as long as the economy is struggling. After all, what's the point of raising corporate taxes when companies...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...this year, early-voting Democrats are outnumbering Republicans at those sites by more than 20 percentage points, and a WSVN-Suffolk University poll has Barack Obama leading over John McCain 60% to 40% among early voters. What's more, the number of early voters could approach 30% of all of Florida's 11.2 million registered voters by the actual Nov. 4 Election Day. That massive turnout prompted Florida's GOP governor, Charlie Crist, to flash his bipartisan bona fides this week and lengthen early voting on weekdays by four hours (while letting each county decide whether to lengthen the normal...

Author: /time Magazine | Title: How Early Voting Could Cost McCain Florida | 10/30/2008 | See Source »

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