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The focus now is on the insurance giant AIG, where fears are that losses in real estate investments will spark a credit-rating downgrade that could lead to the firm's unraveling. On Sunday AIG reportedly asked the Federal Reserve for a $40 billion bridge loan to tide it over...

Author: /time Magazine | Title: Wall Street Feels the Shock Waves: Bad But No Chaos | 9/15/2008 | See Source »

Gotcha! It turns out that John McCain, while crusading against wasteful spending, specifically objected to three earmarks that Sarah Palin requested as mayor of Wasilla, Alaska, including a dubious agricultural-processing facility designed to promote local produce. In fact, Palin has a consistent record of chasing the bacon that McCain...

Author: /time Magazine | Title: Could McCain's Crusade Against Pork Backfire? | 9/15/2008 | See Source »

The McCain operation, which knows a thing or two about biography, is betting for now that the details of her views matter less than the grit of her story. Whatever its relevance to working in the White House, there is an undeniable power in the tale of a woman who...

Author: /time Magazine | Title: The Sarah Show | 9/11/2008 | See Source »

As I suspiciously nosed my rented Corolla over the one-lane, open-grate bridge that crosses the Redbank River in Climax, Pennsylvania, two thoughts came to mind. First: is this thing going to hold? Second: if it doesn’t, when the locals fish a mangled car with New...

Author: By Garrett G.D. Nelson | Title: Et in Arcadia Ego | 9/11/2008 | See Source »

A political analyst close to the government said that al-Maliki finds himself bridging the divide between the U.S. and Iran. "When you are the bridge between major parties, every side wants you closer to it," said the analyst. "It's part of the secret war between the U.S. and...

Author: /time Magazine | Title: Behind al-Maliki's Tough Line | 9/10/2008 | See Source »

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