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...weeks after president Obama took office, his Administration sought to manage expectations on Afghanistan. Yes, it was the right war, a war of necessity--but winning didn't require turning the country into a "Jeffersonian democracy" (Obama's phrase) or a "Central Asian Valhalla" (as Defense Secretary Robert Gates put it). The implication was that President Bush had become too distracted by secondary, nation-building goals, such as ensuring that Afghan girls went to school. Obama would focus on the main task: defeating al-Qaeda and the Taliban...

Author: /time Magazine | Title: The Moment | 8/31/2009 | See Source »

...profit, the board paid him $68.5 million, a record payout for a Wall Street CEO. His 3.4 million shares of Goldman are worth about $540 million. He bought a tony $27 million Manhattan apartment at "Wall Street's new power address," as the New York Times called it, 15 Central Park West. He also owns a 6,500-sq.-ft. (600 sq m) home in Sagaponack, N.Y., near the ocean. (See pictures of expensive things that money...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...move forward without the Gang of Six? From the onset, many Democrats imagined a certain Central Texas boy twisting arms for Medicare and Medicaid. For them this president is all hat and no cattle...

Author: By Raúl A. Carrillo | Title: It’s High Noon in America | 8/31/2009 | See Source »

...make a ton of money and marginally smart people to come along for the ride, eventually becoming common and insidiously far-reaching. And like steroids, the financial tools of the current era were almost all condoned by the relevant governing bodies. Similar, too, is the extent to which the central figures in the drama and the supposed powers-that-be profess total ignorance as the bubble bursts. Ortiz’s statement echoes the defenses put forth by financial executives and regulators hiding behind unforeseeable circumstances: “Based on the way I have lived my life...

Author: By Gabriel J. Daly | Title: Little Papi | 8/31/2009 | See Source »

...Monday, McChrystal turned his official review of the war over to his superior, General David Petraeus, chief of U.S. Central Command. "The situation in Afghanistan is serious, but success is achievable and demands a revised implementation strategy, commitment and resolve, and increased unity of effort," McChrystal said in a statement announcing he had finished his survey. While the report doesn't recommend additional troops, Pentagon officials expect it to form the foundation for such a request in coming weeks...

Author: /time Magazine | Title: Turning Point Looms for the U.S. in Afghanistan | 8/31/2009 | See Source »

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