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...final lesson from all this is that the U.S. and global credit markets are still impaired, and more disruptive uncertainty lies ahead. The economy is still very weak, and while the pace of contraction in real activity is slowing, the global contraction is going to be with us for a while longer. Indeed, a global recovery is conditioned on the health of the U.S. financial system. And even after the stress tests, the health of that system is still in question...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

Official recognition for ROTC could help facilitate transfer of course credit for ROTC classes taken at MIT, allow financial support from Harvard for cross-registration, and mean the removal of language in the student handbook that says military and ROTC policies excluding openly gay people are “inconsistent with Harvard’s values...

Author: By Edward-michael Dussom, CRIMSON STAFF WRITER | Title: Poll Results Favor ROTC Recognition | 5/8/2009 | See Source »

...millions of dollars in sexual-abuse settlements in recent years - including a case involving a former priest at Cutié's South Beach church, St. Francis de Sales. (One of Cutié's tasks, in fact, has been to heal the wounds at that parish.) To his credit, Favalora is trying to restore public trust in his archdiocese and the church. But so long as Cutié wasn't frolicking with a minor (female or male) or using parish funds to buy margaritas for his paramour, many parishioners may actually be relieved that their popular priest has a libido focused...

Author: /time Magazine | Title: The Father Cutié Scandal: Sex and the Single Priest | 5/7/2009 | See Source »

...target audience. But he also said he wouldn't support any cuts in defense, Social Security, Medicare or Medicaid - which, along with debt payments, would put more than two-thirds of the budget off limits. It's no coincidence that many Republicans who voted against the stimulus have claimed credit for stimulus projects in their district - or that Louisiana Governor Bobby Jindal stopped ridiculing volcano-monitoring programs after a volcano erupted in Alaska. "We can't be the antigovernment party," Snowe says. "That's not what people want...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...point of control for vehicular sources of warming gases, Texans are fighting for the same concessions as other energy-intensive industries. A proposal that renewable resources account for 25% of electricity by 2025 has upset Southerners, who lack the solar and geothermal energy of other regions. They are seeking credit for nuclear and hydroelectric power more plentiful in their part of the country...

Author: /time Magazine | Title: Democrats Try to Haggle Together a Cap and Trade Bill | 5/7/2009 | See Source »

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