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...then Congress should consider a "change in federal law that would allow bankruptcy judges to reduce the principal owned on home mortgages." In other words, if Williams can't get his law passed in his hometown, perhaps he'll have better luck later if he wins a seat on Capitol Hill...

Author: /time Magazine | Title: How One City May Punish Banks for Foreclosures | 8/25/2009 | See Source »

Gingrich prepared for his conversion with Monsignor Walter Rossi, the basilica's rector. Because the institution is not a parish church, Gingrich's baptism took place at St. Joseph's on Capitol Hill, where Robert Kennedy attended morning Mass when he served in the Senate. Washington Archbishop Donald Wuerl performed the ceremony, with his predecessor Cardinal Theodore McCarrick in attendance. Afterward, a small group of Catholic luminaries celebrated with a dinner at Café Milano in Georgetown...

Author: /time Magazine | Title: Why Newt Gingrich Converted to Catholicism | 8/24/2009 | See Source »

...Kabuki as most politicians are at freezing atoms. Chu has already created a miniflap by telling reporters it wasn't his job to badger OPEC about oil prices, and he has struggled to explain why he once called coal a "nightmare." Several of his scientific initiatives have stalled on Capitol Hill, victims of lackluster salesmanship. He got his unofficial welcome to politics in February, during a tour of the University of Pennsylvania's operations facility, when a snippy Vice President Joe Biden responded to Chu's seemingly innocuous comments about energy efficiency by publicly chastising him for straying off message...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...Born April 1, 1952 in the Libyan capitol of Tripoli. He and his family belong to the same tribe as one of Muammar Gaddafii's most trusted lieutenants. This connection was used to explain al-Megrahi's motive in the Lockerbie bombing, which prosecutors argued was retaliation for 1986 U.S. air strikes that killed one of Gaddafi's adopted children...

Author: /time Magazine | Title: The Lockerbie Bomber: Abdel Basset al-Megrahi | 8/21/2009 | See Source »

...reform won't be worth selling if it doesn't include real cost restraints, and the early versions floating around Capitol Hill have been a bit disappointing. Obama has promised that reform will shift medical incentives from quantity to quality, from paying for volume to paying for outcomes. But except for a couple of demonstration projects designed to investigate why care costs so much more in some parts of the country, that hasn't been the focus of congressional legislation. "We've got to get the incentives aligned, or else we'll keep punishing excellent care, and we'll keep...

Author: /time Magazine | Title: Health Reform Without Cost-Cutting Isn't Worth It | 8/19/2009 | See Source »

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