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...Paulson made his reputation and his fortune on Wall Street as a dealmaker, and it is in crafting deals that he has distinguished himself in Washington. His most recent and most impressive such coup was the quick passage of a massive housing bill in late July over the objections of many Republican lawmakers and even some White House aides. The legislation gave Paulson something unprecedented and very expansive: a blank check from Congress that he and whoever succeeds him at Treasury can use until the end of 2009 to bail out or take over Fannie Mae and Freddie...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

...verdict is the first of several to come in a series of legal cases facing the former PM and his inner circle. Thaksin himself, who was ousted in a September 2006 bloodless coup by a military clique that claimed the popular leader was corrupt, divisive and disrespectful of the nation's revered monarchy, also faces four separate trials on corruption-related charges. "This verdict makes it a lot more obvious that Thaksin might not survive his legal troubles," said Professor Jade Donavanik, a former dean of Siam University Law School in Bangkok...

Author: /time Magazine | Title: Thaksin's Wife Found Guilty | 7/31/2008 | See Source »

...Ankara, on whether to ban the AKP for anti-secularist activities. Separately, a court last week agreed to take up an indictment against 86 people - including military officers, journalists and senior businessmen - accused of high-profile political killings, extortion and violence designed to foment unrest and justify a military coup...

Author: /time Magazine | Title: Fatal Bombings in an Edgy Turkey | 7/28/2008 | See Source »

...current crisis was fueled by a single act of what the AKP's opponents consider to be political capriciousness. The government abandoned a much-needed overhaul of the country's constitution - a problematic document drafted by generals after the 1980 military coup - on which a broad coalition of academics and NGOs had been working. Instead, led by fiery Prime Minister Recep Tayyip Erdogan, MPs pushed through just a single constitutional amendment: one that would lift the ban on headscarves in universities...

Author: /time Magazine | Title: Fatal Bombings in an Edgy Turkey | 7/28/2008 | See Source »

...perhaps the television coup of the season. Live on the Phil Donahue show last Tuesday, a call was placed to Butterworth Hospital in Grand Rapids. Looking on were Donahue's guests for the day: the parents of a California infant known as Baby Jesse, who desperately needed a heart transplant. A spokeswoman for the hospital got on the line and was persuaded to reveal the impossibly good news: ''We are donating a heart to the baby,'' she declared. The cameras closed in on Jesse's stunned parents as they broke into cries of joy, smiles and tears. The audience went...

Author: /time Magazine | Title: OF TELEVISION AND TRANSPLANTS An infant's life is saved, but TV's role raises questions of fairness | 7/21/2008 | See Source »

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