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Health-insurance companies have been spending $1.5 million a day to convince Congress that a public option should not be part of health-care reform. And that is only the money that is being spent on lobbying. Millions more is spent on advertising. Where does that money come from? It...

Author: /time Magazine | Title: Inbox | 8/31/2009 | See Source »

About two dozen firms that led the country into the subprime debacle are now lined up to receive billions of taxpayer dollars through a federal program aimed at stemming foreclosures, according to a report released Wednesday, Aug. 26.

Author: /time Magazine | Title: Subprime Lenders Head the Line for Federal Subsidies | 8/28/2009 | See Source »

With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc. - or anyone else, for that matter - a flip side to GM's indecision has emerged. Why would Magna want Opel when acquisition of the bankrupt European carmaker could jeopardize billions of dollars...

Author: /time Magazine | Title: GM's Sale of Opel: Second Thoughts for Magna? | 8/28/2009 | See Source »

Which raises the tantalizing question of how such delusional psychology might be applied to our other problems. There are already plans for Dollars for Dishwashers; buyers will get a rebate if they scrap that energy-sucking appliance for a more efficient one. Arizonans debated boosting election-day turnout with the...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

That said, there's something a bit creepy about the megapower that's accumulating at the Fed, one of Washington's least accountable institutions. Why should the markets decide who oversees them? Haven't the markets decided enough? Bernanke may be the ideal benevolent financial despot - a nebbishy superscholar with...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

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