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...reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter. A change to that rule could drain some of the banks' red ink and possibly make it easier for them to off-load the toxic assets. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

...Indeed, far more of a challenge than Obama even acknowledged. Al-Qaeda in Iraq was led by foreign jihadists, making it easier for the U.S. to turn locals against the organization, particularly when they chafed under al-Qaeda's imposition of strict Islamic law. But in Afghanistan - particularly in the south, where the insurgency is strongest - the militants are natives. In Iraq, an established and functioning government could offer sheiks who switched sides a credible alternative center of power, whereas in Afghanistan, the government is generally perceived to be corrupt, weak and unable to provide security. In Iraq, moreover...

Author: /time Magazine | Title: Talking with the Taliban: Obama Draws Skepticism | 3/10/2009 | See Source »

...time, it seemed one of the unanimous lessons of the tragedy of Sept. 11 - law enforcement agencies at all levels of government have to do a better job of sharing information with each other in order to prevent terror plots. Making that actually happen, of course, is easier said than done, which is why newfangled, multi-organizational agencies were set up to promote cooperation and overcome turf battles. But now critics claim that these so-called fusion centers are making it all too easy for government to collect and share data from numerous public databases...

Author: /time Magazine | Title: Fusion Centers: Giving Cops Too Much Information? | 3/9/2009 | See Source »

...noting that his amendment passed by a voice vote, with no opposition. As evidence of how much distrust there is of Dodd these days, some commentators reacted to the provisions by claiming the Senator was just doing the bidding of his hedge-fund constituents in Connecticut by making it easier for them to woo talent from their more heavily regulated competitors...

Author: /time Magazine | Title: Connecticut's Chris Dodd Faces a Backyard Rebellion | 3/9/2009 | See Source »

That was a common choice. "Robbing houses is easier than finding a job in 'Pindi," says Imran Asghar, a crime reporter for the English-language Daily Times. But to rob a house, Qasab needed weapons. So on Dec. 19, 2007, an important Muslim holiday, he set out for Raja Bazaar, a congested boulevard crammed with gun shops and decorated with hand-painted billboards portraying men hoisting AK-47s. Seeking guns in Raja Bazaar was an amateur move (even in 'Pindi, without a license, you won't get a gun from a shop), but it led Qasab to a LeT stall...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

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