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...likely that investors will be reluctant to bet on nascent signs of improving credit so long as the housing market remains in turmoil. On Wednesday morning President Obama and Treasury Secretary Timothy Geithner will appear at a high school in Arizona to unveil their new plan to stem the tide of housing foreclosures. The financial community's response to that plan will likely be writ large in the stock market averages by late morning...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...Israeli government claim that its Defense Forces "is an ethical army" in light of such atrocities? Israel clearly timed its attacks to coincide with the vacuum of power between U.S. Presidents, banking on our indifference. And to our shame, their bet paid off, for they've again gotten away with it. Tamra Fallman, ITHACA...

Author: /time Magazine | Title: Inbox | 2/12/2009 | See Source »

...Vilnius Poker,” a novel by late Lithuanian author Ricardas Gavelis, and recently translated into English by Elizabeth Novickas, sets up a metaphorical card game to puzzle even the most seasoned players. With four narrators at the table, each of whom bluffs, bets, and folds accordingly, Gavelis conducts a profound autopsy of Lithuanian identity garroted by Soviet rule. This ambitious endeavor is admirably achieved. Gavelis’ writing is a paragon of surrealist creativity and an intensely interesting read, filled with effortlessly intelligent prose and a wryly macabre voice. What’s at stake...

Author: By Erin F. Riley, CRIMSON STAFF WRITER | Title: Madness and Civilization Converge in 'Vilnius' | 2/12/2009 | See Source »

...House bill, and the meager GOP support in the Senate - just those three votes - prompted Republican complaints that the Dems were not living up to Obama's campaign promise of bipartisanship. But in voting en masse against the bill, the GOP is making a risky long-term bet, said Clyde Wilcox, a political science professor at Georgetown University. "The GOP is gambling here that the stimulus does not work, and they can make big gains in 2010. Given the sticky economy, that is certainly a possibility," Wilcox said. "But all it took for Ronald Reagan...

Author: /time Magazine | Title: Stimulus Deal Shows Reach — and Limits — of Obama's Power | 2/12/2009 | See Source »

...plainly unwilling to meet the Palestinians' bottom line. Abbas, even in the eyes of many in his movement, gambled everything on the willingness of the U.S. to press the Israelis to deliver a credible two-state peace solution and lost. Now many of those in Fatah are inclined to bet on a third intifadeh. After all, in the short term at least, the status quo works for the Israelis - as long as there are no missiles raining down on Israel from Gaza. But for the Palestinians, the continued occupation in the West Bank is untenable. And it will not have...

Author: /time Magazine | Title: After Israel's Election, Palestinians Weigh New Intifadeh | 2/12/2009 | See Source »

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