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Banks are still full of bad news. Why are the stocks showing such strength? We've seen unprecedented liquidity being put to work in the U.S. on behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

Of course, with the federal government pouring billions into U.S. automakers like GM, those executives may have little choice but to get on board. And there are still nagging concerns that new fuel-economy standards alone won't be enough to wean Americans from their gas guzzlers. Since gas prices...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

The families of those killed are frustrated at what they believe is the police's refusal to more seriously investigate their claims and say that if the federal government does not intervene they will go to the Inter American Court of Human Rights and put Brazil on trial. More than...

Author: /time Magazine | Title: In Brazil, Accusations of a Police Massacre | 5/19/2009 | See Source »

Expressions of shock and betrayal flowed from human rights groups against President Barack Obama last week after it was announced that some Guantanamo Bay terror suspects would continue to be tried by military commissions rather than conventional federal courts. "President Obama is backtracking dangerously on his reform agenda," warned Human...

Author: /time Magazine | Title: Military Commissions | 5/18/2009 | See Source »

Last week, Schwarzenegger issued a dire warning to voters that if they reject Propositions 1A through 1E, he will recommend severe cuts to education and social services, take back billions from local government and release nearly 20,000 incarcerated illegal immigrants to federal authorities for immediate deportation. "I understand these...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

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