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That's harshly arbitrary, as is the fact that UAW jobs have been saved, at least for now, thanks to $60 billion of government money flowing into GM and Chrysler. Meanwhile, other companies have been allowed to croak. I can see how on macroeconomic grounds, it makes sense. Letting GM and Chrysler go under would have devastated the industrial Midwest and deprived millions of retirees of their postemployment health care. (See pictures of the global financial crisis...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...fact, much of the money that taxpayers have pumped into the financial system has ended up at banks that are lending it back to the government by buying Treasury securities. Isn't that great? We make money available to the banks at 0%, they lend it to the government at a markup, and they make money off our tax dollars, whining every step...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...Although Hamas supporters may have played a leading role in the Jerusalem protests, there was plenty of evidence of Fatah supporters fighting alongside them - a fact noticed by the Israeli government, which banished the Palestinian Authority official responsible for the holy sites for two weeks. Nor is that a new development: while Abbas continues go through the motions demanded by the Obama Administration, he has reportedly threatened to quit and warned that no peace is possible with the hawkish government of Prime Minister Benjamin Netanyahu. And many leaders of Abbas' own Fatah movement are now privately talking about going back...

Author: /time Magazine | Title: As Tensions Rise, Jerusalem Could Pose a New Crisis | 10/28/2009 | See Source »

...away with a crime because he has friends in the right places. Diplomats, counternarcotics officials and commanders from the International Security Assistance Force, NATO's military wing in Afghanistan, have all privately (and not so privately) expressed frustration with President Karzai for not reining in his brother. In fact, the people most likely to be shocked by the revelations are Americans back at home, who are already wondering why they should be sending more soldiers and money to a country whose leadership has rarely proved an adequate partner...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

...question begs to be asked: If Wali Karzai was in fact so valuable an asset over the past eight years that his drug-running was at best treated with a "Don't ask, don't tell" policy, why has Afghanistan's situation steadily deteriorated? The Taliban, dismissed by Vice President Dick Cheney in 2002 as "out of business, permanently," is back in force. Part of that strength comes from a drug trade that has skyrocketed from 185 metric tons of heroin produced in 2001 to more than 6,000 metric tons this year, according to the U.N. Office on Drugs...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

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