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...clear indication now is that the Russians will sign on for a U.S. push toward tougher sanctions - if true, a major dividend for Obama's decision to shelve a missile-defense program in Eastern Europe. On Feb. 9, Nikolai Patrushev, secretary of Russia's Presidential Security Council, said Iran's "actions ... raise doubts in other countries and those doubts are quite valid." This might leave Beijing in a place it can hardly want to be: isolated on the Security Council...

Author: /time Magazine | Title: China's Iran Dilemma | 2/22/2010 | See Source »

...cost of $100 million per day) and closing schools up and down the East Coast. Airlines canceled thousands of flights, while thousands of homes in Washington--where winds reached up to 40 m.p.h. (55 km/h)--were left without power. At least 750 D.C. workers were dispatched to clear accumulations that topped 3 ft. (1 m) in some areas; some reported breakdowns of their cleanup equipment, which was unaccustomed to such strenuous...

Author: /time Magazine | Title: The World | 2/22/2010 | See Source »

...panel was clear that when it comes to the idea of injecting more capital into financial institutions,” Jackson said. “There are investors that made some bad bets in commercial real estate and everyone doesn’t deserve new funding...

Author: By Katherine M. Savarese, CONTRIBUTING WRITER | Title: Congressional Oversight Panel Predicts Real Estate Loan Failures | 2/22/2010 | See Source »

...such times, the major solution is government spending. This is not a solution borne of socialist tendencies or a belief in government as the most efficient allocator of capital but, rather, the clear realization that the government can employ people quickly and effectively. The first step must be for the government to extend aid to states in order to save the jobs of teachers, civil servants, and local employees such as firefighters and policemen. Such aid was extended in Obama’s stimulus bill and helped save a great deal of jobs, but with almost every state running deficits...

Author: By Ravi N. Mulani | Title: Spending Now for a Better Future | 2/22/2010 | See Source »

...clear that the thunderous reaction to this Obama-as-failure thesis represents the current mood of the conservative rank and file, talk-radio hosts and Republican candidates throughout the land, and that they are likely to keep up the theme straight through the midterms - both because it is a powerful rallying cry and because they genuinely believe it. But surprisingly, facing such a united, unshakeable, on-message opposition isn't even Obama's biggest challenge right...

Author: /time Magazine | Title: Can Obama Fend Off the 'Failure' Attacks? | 2/22/2010 | See Source »

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