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...Less than 24 hours after unveiling France's $488 billion rescue plan earlier this week, for example, French President Nicolas Sarkozy met with the heads of the nation's top banks to urge them to extend loans to creditworthy business and households "without delay or additional constraints." Sarkozy pointedly reminded bank presidents that freeing up such funds - a basic necessity for business development and economic growth - was one of the main reasons governments around the globe have pledged trillions of dollars in tax payer money to rescue the financial system in the first place...

Author: /time Magazine | Title: World Markets Stabilize, but Recession Fears Grow | 10/15/2008 | See Source »

Forget Sarah Palin and William Ayers and disaffected Hillary voters and the rest of this year's sideshows. Focus on the basics: any candidate seeking to extend his party's hold on the White House who must deliver a litany like that three weeks from Election Day is in a world of hurt...

Author: /time Magazine | Title: McCain and Obama: A Fresh Start, a Fresh Economic Plan | 10/13/2008 | See Source »

...Will Wo Lop Lam wrote recently, Chinese leaders are expecting the U.S. to make large concessions in exchange for Beijing's financial support. These concessions may include guaranteeing Chinese investments in the U.S. (such as the roughly $300 billion of Fannie and Freddie May debt it owns). Demands could extend to non-financial areas. Beijing protested recently after the U.S. stationed a nuclear-powered aircraft carrier in Japan, for example. Chinese officials could even pressure Washington to halt weapons sales to Taiwan...

Author: /time Magazine | Title: Can Chinese Cash Save the World's Banks? | 10/13/2008 | See Source »

...Matthew Shepard Act would extend the two laws to cover all crimes committed because of bias, not just those that occur in public arenas like schools and restaurants. It would also extend the 1968 law to cover sexual orientation as well as gender and disability...

Author: /time Magazine | Title: Viewpoint: What's Wrong with the Hate-Crimes Bill | 10/11/2008 | See Source »

...This summer, volunteers collected 800,000 signatures to put Proposition Two on the state’s November ballot. The Proposition mandates that all farm animals be given enough space to lie down, turn around, and fully extend their limbs. If passed, it would end the confinement of veal calves, gestating pigs, and egg-laying hens in restrictive cages across the state–20 million animals in all, the vast majority hens confined to battery cages...

Author: By Lewis E. Bollard | Title: Yes on Two | 10/9/2008 | See Source »

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