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...same picture of the Holy Father could also bear traces of Bacon's anguished dealings with his own father, a truculent English army officer turned horse trainer who moved the family to Ireland, where Bacon was born in 1909. "Eddie" Bacon eventually rejected his girlish son and, if Bacon's not always reliable stories can be trusted, even had him whipped by stableboys to make...

Author: /time Magazine | Title: Francis Bacon: Tragic Genius | 9/25/2008 | See Source »

...task at hand. Paulson was the primary mover last fall in getting banks and mortgage companies to ease up on homeowners who faced foreclosure, while Bernanke dropped billions into jittery credit markets with a surprise rate cut. Geithner engineered the rescue in March of the investment bank Bear Stearns. In the summer, Paulson horsed Congress into giving him broad authority to seize troubled lenders Fannie Mae and Freddie Mac--which he ended up having to use two months later. And when the three have run into interference from conservatives in the White House who didn't much care for their...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

Elaborating on some of these misconceptions, Treuer added, “I’ve been asked if I live in an igloo, if it’s dark all the time, and even whether I have a pet polar bear...

Author: By Matthew R. Cohen, CONTRIBUTING WRITER | Title: Palin Pick Warms Up Alaska | 9/24/2008 | See Source »

...hard pressed to argue that Georgia did not know that their actions would provoke a Russian reaction. As James Traub wrote in The New York Times, Georgia’s Columbia-educated, Western-backed president Mikheil Saakashvili “has played a dangerous game of baiting the Russian bear.” It seems that Mr. Saakashvilli not only may have led his now devastated country into an avoidable war, but also sparked a shift in American political discourse on Russia...

Author: By Sara Rhodin | Title: Viewing Russia from Alaska | 9/24/2008 | See Source »

...Paulson knows this as well as anyone. He and his team had been working on his proposal for more than six months, in the event that more piecemeal approaches like the bailout of Bear Stearns or the takeover of Fannie Mae and Freddie Mac didn't stop the bleeding. When things looked like they were headed for a crisis at the beginning of last week, he had a team up literally all night working with the Federal Reserve to frame a deliberately vague proposal that could make it through Congress. The key issue was to get something that could pass...

Author: /time Magazine | Title: Congress and the Bailout Plan: Business As Usual | 9/23/2008 | See Source »

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