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The idea behind the Macquarie model is to borrow a lot of money cheaply, buy infrastructure assets with a guaranteed cash flow, then sell those assets to the public, letting shareholders take over the debt. Macquarie and imitators like Australia's Babcock & Brown make money at every step, with fees...

Author: /time Magazine | Title: End of the Toll Road? | 10/16/2008 | See Source »

For investors, all this looked good, because roads and bridges with little competition should produce a steady return via tolls for generations. But with asset prices falling and easy debt a thing of the past, some believe the Macquarie model is in for a shakeup. JP Morgan's Brian Johnson...

Author: /time Magazine | Title: End of the Toll Road? | 10/16/2008 | See Source »

This is the first election in our lifetimes, and maybe ever, when almost 9 out of 10 people think the country is going in the wrong direction. We have bridges falling into our rivers and children dropping out of our schools and an abiding sense that the American Century that...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

Pelosi made it clear that the Democrats see quick infusions of cash to working and middle-class families - not grants to Wall Street and banking tycoons that ultimately might trickle down their way - as key to restoring Main Street's vitality and confidence in the U.S. economy. She rattled off...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

Obama has proposed a similar plan. "We're going to put two million more Americans to work, rebuilding our crumbling roads and schools and bridges," he said last Thursday in Ohio. For those wondering how Washington can afford it, he has an answer that pleases his base, if not his...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

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