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...answer may be pulled from the three figures about the economy which have the most bearing on how whether recession is beginning to reverse or not. The first is access to credit. To the horror of members of Congress and the governors of the Fed, The Wall Street Journal came out with an analysis showing that the banks which received TARP funds are lending less now than they were before the facility was created as the handiwork of Henry Paulson...

Author: /time Magazine | Title: Who Stole the Recovery? | 4/21/2009 | See Source »

...from private organizations without court supervision. And there is mounting concern about the National Security Agency's use of its spying powers on Americans. Just last week, the New York Times revealed that the agency had attempted earlier this decade to eavesdrop without a warrant on a member of Congress traveling overseas. Obama, who has frustrated some civil-liberties advocates with his stated preference to focus on the future rather than the past, is also likely to face continuing pressure from Congress to cooperate with investigations of CIA rendition, detention and interrogation programs...

Author: /time Magazine | Title: Civil-Liberties Advocates Dismayed By Obama's Moves | 4/21/2009 | See Source »

South Africa goes to the polls Wednesday in an election billed as the most important since Nelson Mandela led his nation to overthrow apartheid 15 years ago. How so, when the result - a landslide for the ruling African National Congress (ANC) and the election of its leader Jacob Zuma to the presidency - is barely in doubt? Here's TIME's quick question-and-answer guide to South Africa's general election: (Read "Why South Africa's Over The Rainbow...

Author: /time Magazine | Title: South Africa's Election: Why It Matters | 4/21/2009 | See Source »

...opinion polls put its support between 60% and 70% of the popular vote. (It won 66% in 2004.) The lowest prediction gives the party 47% support. But even that figure would still make it by far South Africa's largest party. Its nearest rivals - the Democratic Alliance and the Congress of the People, which split from the ANC late last year - rarely score more than 15% each in any survey...

Author: /time Magazine | Title: South Africa's Election: Why It Matters | 4/21/2009 | See Source »

...that digging the country out of its economic sinkhole has become an issue of national security, the feds are straining to play catch-up. FBI Director Robert Mueller told Congress last month that his agents are currently working more than 2,000 mortgage fraud investigations, compared to only 295 in 2003. "We still have a substantial way to go" in terms of shifting enough agents to those cases, Mueller said. Of the FBI's 56 field offices, more than 40 now have mortgage-fraud task forces. In Florida's Tampa-based Middle District, as many as 50 agents have been...

Author: /time Magazine | Title: Mortgage-Fraud Crackdown Gathers Steam in Florida | 4/18/2009 | See Source »

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