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...story noted that, despite conventional wisdom that a rejuvenated Chinese economy, which grew 8.9% in the third quarter, could pull the global economy out of recession, several skeptics were arguing the Middle Kingdom's performance was unsustainable - and even that it was mostly a mirage. Chief among these naysayers is billionaire hedge fund investor Jim Chanos, who famously sold Enron short in 2001 after concluding that the rosy reports and projections about the company were not based on facts. He has come to a similar conclusion about China, according to Politico.com, and is shorting the country just...

Author: /time Magazine | Title: China's Economic Recovery: Miracle or Mirage? | 11/16/2009 | See Source »

...recent months, the FHA has suspended eight of its lenders, hired its first chief risk officer and taken other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

...Born Dec. 24, 1975 in Wilmington, Del. His mother is a retired teacher, while his father served as the DuPont company's chief financial officer...

Author: /time Magazine | Title: Dan Pfeiffer: The Next White House Communications Boss | 11/13/2009 | See Source »

...Married fellow Democratic operative Sarah Feinberg in 2006. Pfeiffer met Feinberg, a former longtime aide to current White House Chief of Staff Rahm Emanuel, in 2000, when both worked on Gore's presidential campaign. They started dating while working for Sen. Johnson in 2002 (Read "Polarized News? The Media's Moderate Bias...

Author: /time Magazine | Title: Dan Pfeiffer: The Next White House Communications Boss | 11/13/2009 | See Source »

...Became chief counsel to New York Senator Charles Schumer in 2005 and while in that role helped lead the investigation into the firings of eight U.S. Attorneys under President George W. Bush. Despite working for one of the Senate's most liberal members, the registered Democrat was not considered a strong partisan and won praise for conducting an evenhanded probe...

Author: /time Magazine | Title: 9/11 Prosecutor Preet Bharara | 11/13/2009 | See Source »

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