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...Secretary Timothy Geithner will make public the results of the banks' "stress tests" next month. The tests started out in March as a gauge of banks' ability to handle a worst-case economic downturn; now they've become a weapon for Obama and Geithner to force the banks to clean up their acts, officials say. "It gives [Obama and Geithner] leverage to make large institutions do things they otherwise wouldn't do," says a senior government official involved in the tests...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...energy to make a car, junking an old one in favor of a brand-new vehicle that is only marginally more efficient would barely produce any overall oil savings. "This bill would pay to get new cars on the road," says Eli Hopson, the Washington representative for clean vehicles at the Union of Concerned Scientists. "But it's not helping to improve fuel efficiency...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...bishop of San Pedro - but just months before leaving the priesthood, he conceived a child with Carrillo in 2006, when she was 24. (The boy, Guillermo, turns 2 next month.) A year ago Lugo was elected President of Paraguay. Now, in response to the lawsuit, Lugo has come clean about the affair. "Here and now, before people and my conscience, I declare with absolute honesty and a sense of duty and transparency," the President said on Monday, "that there was a relationship with Viviana Carrillo." He added, "I assume all responsibilities, and I recognize that I'm the father...

Author: /time Magazine | Title: Can Paraguay's President Survive a Scandal? | 4/15/2009 | See Source »

...ubiquity of the super-absorbent towel infomercial with a YouTube parody designed to lure younger, tech-savvy souls to its services in New York. Dubbed "SoulWow," the commercial spoof features "Father Vic" (whose resemblance to ShamWow spokesman Vince Shlomi is downright eerie) hawking the only product that lets you "clean yourself from the inside...

Author: /time Magazine | Title: Sham-Huh? The Church's Infomercial | 4/14/2009 | See Source »

...pictures of a coal mine's attempt to clean up its image...

Author: /time Magazine | Title: The Dire Fate of Forests in a Warmer World | 4/14/2009 | See Source »

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