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...regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...apparatus spared no measure to ensure that the opposition's plans for a million-strong march would not materialize: cell-phone networks warned in advance of "technical difficulties" on inauguration day; subway stations neared Baharestan Square were closed; the élite Revolutionary Guards told hospitals near the parliament to expect wounded protesters in large numbers; and some 5,000 Basij and Guards waited for the crowds, according to state television. (See pictures of the Basij in action: "Terror in Plain Clothes...

Author: /time Magazine | Title: Street Protests Continue with Ahmadinejad New Term | 8/6/2009 | See Source »

...party nuclear talks and didn't return until Treasury sanctions were removed. The Obama Administration, moreover, has constantly reiterated what Defense Secretary Robert Gates said this past spring after the second nuclear test: "We're not going to buy the same horse twice"; that is, North Korea cannot expect to be rewarded for its recent cantankerous behavior...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

...knows what it might be in the diplomatic market for several months hence? As for Pyongyang, as the former President's wife, Secretary of State Hillary Clinton, recently put it, North Korea doesn't really have "anywhere else to go." Now that the journalists are finally free, expect the diplomacy to begin anew - as it always seems to - even if it never ends up quite where Washington wants...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

...regime's custody. The taped "confessions" presented Aug. 2 in the hastily convened trial of 100 detainees, ranging from notable senior political figures to demonstrators arrested on the streets, were widely viewed as forced, which sounded a further warning of what those challenging the regime on the streets might expect if they're arrested. (See pictures of Iran's presidential election and its turbulent aftermath...

Author: /time Magazine | Title: A Weakened Ahmadinejad Sworn in for a Second Term | 8/5/2009 | See Source »

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