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...government hopes to revive securitizations by luring buyers back into the market. To do so, the TALF program offers cheap loans to investors who want to buy bonds backed by consumer loans. Even better, some of the TALF loans won't have to be paid back. If the bonds pay as expected, investors will have to repay the government loans with interest. But if the bonds go bust, investors are off the hook, after losing the small down payment they made on the original loan. To limit taxpayer losses, the government is going to make loans only against bonds rated...

Author: /time Magazine | Title: Doubts Raised About Government Plan to Boost Consumer Lending | 3/13/2009 | See Source »

...would benefit from an actress with a more charismatic presence, giving Wilson more maneuverability. His character’s gradual growth—overcoming social awkwardness, self-doubt, and even erectile dysfunction—would be one of the movie’s gems if paired with a better target of affection.The film remains an immersive experience. Its heavy, disheartening examination of society’s periodic wish for self-destruction builds through long, brooding scenes and stunningly detailed panoramas—from Blake’s lonely, rainy funeral to Veidt’s ancient Egyptian-style retreat...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Watchmen | 3/12/2009 | See Source »

...Because many of the dissidents are former members of the Provisional IRA, the republican community, including its political leaders, is more likely to have crossed paths with them in the past. "If you're talking about seasoned terrorists, which some of these dissidents seem to be, there's no better source than Sinn Fein itself," says Alex Kane, director of communications for the Ulster Unionist Party...

Author: /time Magazine | Title: Behind Northern Ireland's Latest Killing Spree | 3/12/2009 | See Source »

...phase most thought was relegated to the years of terror dealt out by Daniel arap Moi, who led the country from 1978 to 2002. The coalition government that was meant to restore normality after a spasm of postelection violence in early 2008 has done little to make life better, and the fact that so few police officers have been prosecuted or, indeed, have resigned after being accused has reinforced a sense that the élite are above the law. (See pictures of the postelection violence in Kenya...

Author: /time Magazine | Title: Kenya: Protesting Politics As Usual | 3/12/2009 | See Source »

Ichiro Ozawa says that he's fond of working at practical things, that he "doesn't like to be showy on the stage." He had better get used to the limelight. If current polling trends continue and if - a big if - he can avoid a fatal taint from the latest of Japan's money-politics scandals, the leader of the Democratic Party of Japan (DPJ) could soon be Japan's next Prime Minister. An election for the lower house of the Diet has to be called by Sept. 10, but the surmise in Tokyo is that it may come...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

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