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...current mess did not begin with subprime mortgages. It started with Ronald Reagan and his myths of de-regulation - which have led to the false-fronted stores built from Karl Rove's architectural designs. The Republicans and their ideological ilk have peddled lies and we followed in lockstep. Dan Thompson, Union...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...live and eat together. "Twenty years ago, there was no talk of retention. It was just about getting kids in the door," says Michael McLendon, who teaches public policy and higher education at Vanderbilt. "Now we want to make sure their education is social." Let the study breaks begin...

Author: /time Magazine | Title: A Frosh New Start | 10/16/2008 | See Source »

...government guarantees should insure that interbank loan rates retreat to the point where money is moving again. With the first capital injections a few days away, loans should begin flowing easily in a matter of weeks, says Scott Talbott, chief lobbyist for Financial Services Roundtable, representing major U.S. banks. "This will open up credit immediately, and the benefit will begin to flow to small businesses shortly thereafter," he says. Every $1 of equity creates $10 in lending power. Half of the $250 billion set aside for capitalization is targeted at smaller banks. Some banks are wary of the strings attached...

Author: /time Magazine | Title: The Big Bank Bailout: Are You Next? | 10/16/2008 | See Source »

...honest as they know how to be.“I’m not voting for no Muslim,” they’ll say. “He’s not really a Muslim, you know,” I’ll begin, but they’ve already closed the screen door in my face.Welcome to Levittown, Pennsylvania, where every third house proudly bears an American flag, where “people are hurting,” but never so much that their front porches are not aggressively decorated for Halloween at least three...

Author: By Elise Liu | Title: Red, White, and Blue | 10/16/2008 | See Source »

...rally. "Who is the real Barack Obama?" McCain asked. "A terrorist!" a man bellowed. McCain seemed to wince, roll his eyes, retreat. He didn't admonish the man, but the incident was unsettling, and several days later, at a town-hall meeting in Minnesota, he did begin to push back against the ugliness of his crowds. A woman said, "I can't trust Obama. He's an Arab," and McCain replied, "No, ma'am. No, ma'am, he's not. He's a decent family man - citizen - that I just happen to have disagreements with on fundamental issues...

Author: /time Magazine | Title: Round Three | 10/16/2008 | See Source »

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