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What would that mean for banks, and how would the program function? First and foremost, the senior Administration official says, it would be voluntary. The banks would come to the government. Treasury would not pick the ones that look like they need help and offer it to them. "We're trying to make these things as systematic and predictable as possible," the official says. "If we moved on this, it would be: Here are the terms; here's how it works; here's the guy to call...

Author: /time Magazine | Title: Will Paulson's Bank Plan Finally Unfreeze Credit? | 10/9/2008 | See Source »

...Italy, couldn't agree on substantial international measures to shore up Europe's beleaguered financial markets; they in fact had little standing to do so. By Sunday, the national governments in the 27-member E.U., including the 15 that use the euro currency, all seemed concerned first and foremost with the conditions of their own imperiled banks. Nowhere more than in Germany, where the Finance Ministry enjoined German banks to double their commitments to bail out troubled mortgage giant Hypo Real Estate AG. A rescue deal that was hailed last week at a total cost of $48 billion had crumbled...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

...Still, debates are all about verbal discourse, which happen to be both Biden's foremost strength and his foremost weakness. As a boy, he had a pronounced stutter, which took years of hard work to overcome. As a young superstar Senator - elected to the country's greatest debating forum at just 29 years old - he burnished his reputation with dramatic speeches about the struggles of working-class Americans. (Speeches that Palin herself alluded to earlier this week in an interview with CBS's Katie Couric, joking that she had heard them back when she was in grammar school...

Author: /time Magazine | Title: Biden's Debate Challenge: Keeping His Mouth Shut | 10/2/2008 | See Source »

...McCain) and many of the state's leading business interests, favor a dual approach combining enforcement and a path to citizenship. The rambunctious populist wing of the state GOP, led in part by state representative Russell Pearce from Mesa, favors a much tougher stance of deportations first and foremost...

Author: /time Magazine | Title: McCain's Republican Enemies in His Home State | 10/1/2008 | See Source »

...years ago in the essay “Nature.” Fast-forward two centuries and the edgiest avant-garde cinema is just an application of the same principle—at least according to P. Adams Sitney, considered by many to be America’s foremost scholar of avant-garde cinema. Sitney was at the Harvard Film Archive (HFA) last Monday to deliver an illustrated lecture about the philosophy behind American avant-garde film. If anyone knows experimental film, it’s Sitney. At 16, he founded “Filmwise,” a journal...

Author: By Rebecca A. Schuetz, CRIMSON STAFF WRITER | Title: Lecture Illustrates Avant-Garde Film | 9/25/2008 | See Source »

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