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...deferring of critical decisions about how to rescue the financial system, housing, rising unemployment, and consumer spending will be blamed on the months of transition between the election of a new president and his inauguration. The observation is fair but it is also pointless. If a runaway train is gaining speed at a dangerous rate, all that matters is whether someone pulls the brakes.The train will not have a bias about who that might...

Author: /time Magazine | Title: American Attitudes and the UK Economy | 1/19/2009 | See Source »

...Baptist pastor and Catholic priest to deliver a prayer at the Inauguration. This was right around the time when sociologist Will Herberg was working on a book called Protestant, Catholic, Jew, arguing that the three religious traditions had separately shaped mid-20th-century America. It seemed both natural and fair, especially in the wake of the Holocaust and the founding of the State of Israel, to make sure that Jews were represented along with Catholics and Protestants in a national ceremony. Rabbis were included in every Inauguration from 1949 to 1973, with Nixon even tossing a Greek Orthodox prelate into...

Author: /time Magazine | Title: Missing from the Inaugural Dais: Rabbis and Priests | 1/19/2009 | See Source »

...Cook] was considered a leader, and he was a really, really good student - well-liked by his peers, always prepared, tough, but fair. We would have predicted great things for him, although it would have been difficult to predict he'd head one of the world's most iconic brands." -Blair Sheppard, dean of Duke University's Fuqua Business School, The Street.com...

Author: /time Magazine | Title: Tim Cook: The New Steve Jobs? | 1/16/2009 | See Source »

...three years, then you could argue that stock prices are still too expensive," says Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo. "More importantly, you could argue that it's too risky to hold the stocks." Kanno says people have lost a sense of what's fair value for financial assets, including stocks and other risky assets; they prefer time deposits, risk-free investments and cash. "Unless investors can have a positive outlook on corporate profits, there is no hope that stock prices will go up," Kanno says...

Author: /time Magazine | Title: Japan's Stock Market Waits on a US Recovery | 1/16/2009 | See Source »

...said reporters should try to be fair, but not "fair and balanced...

Author: /time Magazine | Title: Chuck Todd: The Goateed Guru of Politics | 1/16/2009 | See Source »

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