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...into the Medicare system, private insurers early on declared their (albeit qualified) support for President Obama's health-reform effort. So when word came last month that the Democrats were drawing up a new public-relations battle plan, the insurance companies were sent reeling - and seemed to be caught off-guard. A late July memo from the House Democratic leadership about how to sell reform during the congressional August recess told members, "Hold the insurance companies accountable." House Speaker Nancy Pelosi called private insurers "villains," and President Obama, in an exclusive interview with TIME, framed his push for changes...

Author: /time Magazine | Title: What Insurers Are Trying to Get Out of Health Reform | 8/6/2009 | See Source »

...course, as institutions emerging from the worst of the credit crisis, the banks have little more than that in common. Famous for flogging mortgages worth 125% of a property's value, Newcastle-based Northern Rock was caught with its pants down when the wholesale markets it relied on to fund those loans froze in 2007. With unemployment rising and house prices still on the wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

Clashes ensued between the advancing Muslim crowd and the much smaller group of Christians trying to push them back. The police were caught in the middle for some time before they, for reasons that remain unclear, melted away. Some members of the Christian community allege that the police stood by as a group of armed men mounted an attack. Paramilitary forces were dispatched on Sunday, but their arrival came too late, residents...

Author: /time Magazine | Title: Pakistan: Who's Attacking the Christians? | 8/5/2009 | See Source »

...continent where democracy is taking root more firmly each year, the deal was welcomed as an important step away from the habits of the past. Ever since, however, Mugabe and ZANU have blocked and delayed Tsvangirai and the MDC. When I caught my plane to Harare, the new state was still only partly formed and Mugabe was deriding the MDC as "insolent." Worse for Tsvangirai's supporters was the sight of their leader smiling and shaking hands with a man whose forces had repeatedly tried to kill him - and them. For years, Tsvangirai had told them that...

Author: /time Magazine | Title: Can a Team of (Bitter) Rivals Heal Zimbabwe? | 8/3/2009 | See Source »

...been punished enough by losing his seat and becoming "the object of a national joke about money in the freezer," and besides, everyone in Congress is corrupt so isn't it a little unfair to single out this one guy just because his illegal demands for money were caught on tape...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/31/2009 | See Source »

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