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...Instead, there is a better, cheaper, less risky, more direct way to improve banks' balance sheets and restore confidence. Here...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

...uniform percentage principal should be reduced. And unlike all of the other plans out there, it does not require significant government spending. It is also politically palatable, as it does not discriminate and does not rescue certain institutions while leaving others to fend for themselves. Homeowners get the most direct benefit, and the solution is efficient because of its flat-tax-like nature. Just about everybody wins...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

...whom should the U.S. talk? A direct conversation with the Supreme Leader may not be feasible in the short term, but one expert who has advised the Obama Administration on Iran policy argues that the U.S. can still talk over Ahmadinejad's head to Khamenei. "We should aim our rhetoric at Khamenei," says the expert, who asked not to be named. "He will decide whom to appoint [to talk with...

Author: /time Magazine | Title: Talking to Iran: What Are Washington's Options? | 2/13/2009 | See Source »

...defenders of the Greek city of Ambracia built a complex flamethrower that coughed out smoking chicken feathers. At Themiscrya, another stubborn Greek outpost, Romans tunneling beneath the city contended with not only a charge of wild beasts but also a barrage of hives swarming with bees - a rather direct approach to biological warfare...

Author: /time Magazine | Title: Why Chemical Warfare Is Ancient History | 2/13/2009 | See Source »

...Hamas, armed by Iran and lobbing missiles across the border on a daily basis. "We have to crush terror and eliminate Hamas," Lieberman said on election night, laying out his price for joining any coalition. "There can be no cease-fire with Hamas. There can be no negotiations, direct or indirect...

Author: /time Magazine | Title: How Israel's Anger Issues Hurt Us All | 2/12/2009 | See Source »

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