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...Obama at his best - and more than any other moment of his first 100 days in office, it summed up the purpose of his presidency: a radical change of course not just from his predecessor, not just from the 30-year Reagan era but also from the quick-fix, sugar-rush, attention-deficit society of the postmodern age. The speech received ho-hum coverage on the evening news and in print - because, I suspect, it was more of a summation than the announcement of new initiatives. Quickly, public attention turned to new "tempests of the moment" - an obscene amount...

Author: /time Magazine | Title: Joe Klein on the President's Impressive Performance Thus Far | 4/23/2009 | See Source »

What Geithner has found out, most of all, is that he has his interrogators cornered. Each and every one of them knows that the banking system cannot be allowed to fail and that no one is certain how to fix it. Too much criticism could lead to public anxiety about the entire set of programs meant to repair the broken financial and credit markets and suddenly there may be much more to fear than fear itself...

Author: /time Magazine | Title: Tim Geithner Thumbs His Nose at Congress | 4/22/2009 | See Source »

...While proposed solutions help fix conflicts of interest, more inevitably arise. A simple alternative would be to return to the “investor-paid” model that rating agencies followed pre-1968, when S&P began charging issuers for ratings, in addition to the subscription fee they had always collected from investors who used the ratings. Yet, as many firms argue—both in 1968 and in recent months, when the model has again been proposed as a viable solution—relying solely on a subscription service does not bring in enough revenue to allow rating...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

...Department's conclusion. "We were working with healthy volunteers and didn't deprive them of sleep for more than one day without allowing them to recover," he said. "Even under these circumstances, certain changes can occur, such as hallucinations, depending on the individual's condition." (See six ways to fix...

Author: /time Magazine | Title: Scientists Claim CIA Misused Work on Sleep Deprivation | 4/21/2009 | See Source »

...used to extract confessions. "I believe that our nation is stronger and more secure when we deploy the full measure of both our power and the power of our values, including the rule of law," the President said Monday during a visit to the CIA. (Read six ways to fix...

Author: /time Magazine | Title: Did Waterboarding Prevent Terrorism Attacks? | 4/21/2009 | See Source »

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