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...Reagan had addressed a crowd of some 20,000 near Berlin's Brandenburg Gate and challenged Soviet leader Mikhail Gorbachev to tear down the Wall. At the time, even his closest advisers dismissed the notion as far-fetched. "It's a great speech line," Reagan's National Security Adviser, Frank Carlucci, remembers thinking. "But it will never happen." When the Wall came down, however, Reagan's speech entered American lore. "You look for one line you remember a President by," says Ken Duberstein, a former White House chief of staff who accompanied Reagan on the day of his Berlin speech...

Author: /time Magazine | Title: Reagan's Speech That Ended the Cold War | 11/9/2009 | See Source »

...move forward on an investigation to address Hasan's motives and whether signs of extremism were apparent but ignored. At Fort Hood on Sunday, at least there was one sign that the military's embrace of its Muslim soldiers would continue undeterred. At the 1st Cavalry Memorial Chapel, Colonel Frank Jackson asked the congregation to pray for the 13 dead and 29 wounded in Hasan's rampage. The chaplain also asked the worshippers to pray for Hasan...

Author: /time Magazine | Title: Army Gains with Muslim Soldiers May Be Lost | 11/9/2009 | See Source »

...That doesn't mean the process is any less messy. There are three versions of financial reform in play. The Administration unveiled its plan in mid-June. Barney Frank, chairman of the House Financial Services Committee, will bring his recently unveiled version to markup in committee as early as this week. Frank and the Administration, represented by Treasury Secretary Timothy Geithner, spent weeks in negotiation, and Frank's bill closely tracks the Administration proposal...

Author: /time Magazine | Title: Financial Regulation: Way Easier Than Health Care | 11/9/2009 | See Source »

...Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Office of Thrift Supervision (OTS). He would give their power to supervise and regulate banks to a new, single bank regulator with power to set capital requirements and ensure stability. By contrast, the Frank-Geithner-negotiated bill in the House would do away with only the OTS, leaving the FDIC in charge of state-chartered-bank supervision, the OCC in charge of nationally chartered banks and the Fed in charge of complex financial institutions...

Author: /time Magazine | Title: Financial Regulation: Way Easier Than Health Care | 11/9/2009 | See Source »

...solution to the problems in Mexico. He cites the historical analogy of the failed policy of Prohibition during the Great Depression, which was ended partly because of increasing violence in the U.S. Yet lawmakers in Congress seem reluctant to even broach the subject of drug legalization. Representative Barney Frank ’62 (D-Mass) has been one of the few to attempt to change the law with his Personal Use of Marijuana by Responsible Adults Act of 2008, which he sponsored to end federal penalties for marijuana possession. Besides Frank, however, few congressmen have touched this taboo issue...

Author: By Charles A. Lacalle | Title: Drugs Without Borders | 11/2/2009 | See Source »

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