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...element of the tricky undertaking that begins now for Paulson. For all the equity markets' sanguine response to the Hill, the credit markets are still seizing up. The process by which Paulson will actually use the $700 billion to buy the bad loans remains more than opaque. Sources familiar with his plans say he intends to structure some kind of reverse auction, where holders of the loans compete for the pool of money, pricing their loans as low as they can to still survive. But a slew of academic experts in auction theory have yet to determine exactly...

Author: /time Magazine | Title: The Bailout Deal: Will It Fly in Congress? | 9/28/2008 | See Source »

...fault.”“We feel like we’ve done a very good job of recruiting and developing quarterbacks in our system for a lot of years,” Murphy says. “I think anyone who’s familiar with our program knows we’ve got two really good quarterbacks [this year]. Imagine if Hatch was here too. Can you imagine that?”For now, however, Hatch will stick to LSU, though he hasn’t ruled out the possibility of returning to Harvard to finish...

Author: By Brad Hinshelwood, CRIMSON STAFF WRITER | Title: Hatch Geauxs Deep | 9/28/2008 | See Source »

...contrary to her claims, Michelle is not the first person of her kind I've seen; she's actually recognizable as a very particular type, though it took me until after the convention to figure out what that type is. I suspect this person will be familiar to anyone who has, in the past 25 years, been a young, college-educated woman in her first real job: you're, say, 22 and somewhat clueless, and you go to work in an office where there's a woman eight or 10 or 12 years older than you who's not only...

Author: /time Magazine | Title: What Michelle Obama Would Bring to the White House | 9/27/2008 | See Source »

...political spouses in recent memory, and even fewer First Ladies, have seemed this familiar. Take, for example, Laura Bush. I'm a fan of our current First Lady, in large part because she comes across as a truly kind, decent person. Her combination of obvious intellectual curiosity, compassion and total discretion intrigues me - so much so that I decided that the next best thing to knowing what someone like her thinks and feels would be imagining it. But if Laura inspires my affection and sympathy, I don't exactly relate to her, or I relate only to certain elements...

Author: /time Magazine | Title: What Michelle Obama Would Bring to the White House | 9/27/2008 | See Source »

...George Shultz seemed ill-advised - even his pen was old. His presentation was further hindered by his wandering discussion of the differing heights of North and South Koreans and his angry assertion about how well he knows Henry Kissinger. Fell into the classic politician's trap of inserting familiar stump speech applause lines into debate responses - which only works if done with enthusiasm and clarity (and if received by applause - a big No-No in Lehrer's auditorium, which the audience obeyed seriously and silently). Keenly aware of the grand, grave occasion, McCain wavered between respectful and domineering, and ended...

Author: /time Magazine | Title: Grading the First Presidential Debate | 9/26/2008 | See Source »

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