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The description isn't wrong. The Obama plans would, if enacted, amount to the biggest changes in financial regulation since the 1930s. But don't let this make you think the Obama reforms even approach in significance and forcefulness the changes made back then. In the early days of the...

Author: /time Magazine | Title: Is Obama's Financial-Reform Plan Bold Enough? | 6/18/2009 | See Source »

The low-key Czech Village gathering, which drew a handful of neighbors, is among several commemorations being held this month in Cedar Rapids and across eastern Iowa to mark the one-year anniversary of flooding that deluged cities large and small, upending many lives and causing an estimated $10 billion...

Author: /time Magazine | Title: A Year After the Flood, Cedar Rapids Struggles | 6/17/2009 | See Source »

State leaders hope the Department of Housing and Urban Development will grant their request to develop a "disaster track" that would temporarily ease restrictions so the money can reach residents and communities faster. They're also hopeful that Iowa will receive more overall federal and state disaster aid. To date...

Author: /time Magazine | Title: A Year After the Flood, Cedar Rapids Struggles | 6/17/2009 | See Source »

Among residents, tension over the uncertainty is palpable. Some praise the swift early response of the Federal Emergency Management Agency (FEMA) and the state, which created a special program to help people awaiting buyouts make a down payment on another home. Residents are also thankful for the hard labor of...

Author: /time Magazine | Title: A Year After the Flood, Cedar Rapids Struggles | 6/17/2009 | See Source »

City councilman Brian Fagan denies the charges. "We're not trying to push anyone out," he says. "We totally understand the frustration of all those people in those neighborhoods who are waiting. We have tried to move and advance as quickly as we can." He points to federal funding that...

Author: /time Magazine | Title: A Year After the Flood, Cedar Rapids Struggles | 6/17/2009 | See Source »

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