Word: clear
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...Answering the second question - repairing bank balance sheets - is neither simple nor clear-cut. What is clear is that the capital needed will not come (entirely) from private hands. Banks and policymakers will essentially have a few different options: banks can issue more common stock; policymakers can push more conversions of preferred shares (or liabilities) into tangible common stock of the troubled banks; or more capital can be injected using taxpayers money, effectively taking control and (partially) nationalizing the banks...
...restructure Wall Street and Detroit, overhaul health care and create a clean-energy economy, Obama is certainly taking political risks, even if he hasn't gotten around to replacing the almighty dollar with some new, one-world currency the black-helicopter crowd keeps warning about. But it's not clear that the Republicans in their current incarnation would be a credible alternative if he falters. "We've got to be at least plausible, and I worry about that," says GOP lobbyist Ed Rogers. Republicans never really left the idea business, but Americans haven't been buying what they're selling...
...voters and young voters who skew Democratic are also on the rise. This is why Rogers recently decided to quit being a talking head: "I had a meeting with myself, and I said, Do we really need more white lobbyists with gray hair on TV?" But it's not clear that more diverse spokesmen or better tweets can woo a new generation to the GOP; support for gay rights is soaring, and polls show that voters prefer Democratic approaches to health care, education and the economy. "The outlook for Republicans is even worse than people think," says Ruy Teixeira, author...
...rather have 30 Republican colleagues who believe in conservatism than 60 who don't. "I don't want us to have power until we have principles," DeMint told TIME after firing up that tea-party crowd in Columbia. Voters certainly soured on unprincipled Republicans. But it's not clear they'd like principled Republicans better...
...Gaza war made clear to all sides that Hamas could not be eliminated, and that everything from the urgent business of rebuilding the shattered territory to negotiating a peace deal with Israel could not be done without the organization's consent. Hence the current efforts to broker a unity government backed by both Fatah and Hamas. But as things stand, the U.S. wants that government to endorse the same principles it has demanded that Hamas embrace as a precondition for recognition: Recognize Israel, renounce violence and abide by previous agreements. No dice, says Hamas, which has its own ideas about...