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...conclaves work like the docile old horse at the petting zoo. The old mare plods along a path it knows well, the kid is happy riding and the show ends right on schedule with no surprises. Sure, the wealthy pro-choice donors who fund the GOP occasionally break into an uneasy sweat when caught in an elevator crush with a few of the party's pro-life, pro-gun fuglemen, but in the end everybody has a good time, and we usually win the election...

Author: /time Magazine | Title: Cue the Ticket Splitters | 8/28/2008 | See Source »

JULY 2 After a disappointing fund-raising year and a mishandled budget, McCain dismisses campaign employees and cuts the salaries of senior staffers. Speculation mounts that he will be forced to quit the race altogether...

Author: /time Magazine | Title: The Page | 8/28/2008 | See Source »

...heart of the protest is one of the most daunting challenges facing American public schools: how to resolve the ever-widening gap in funding - and performance - between poor and wealthy districts. In Illinois, local property tax revenues fund a neighborhood school system, leading to vast differences in the education dollars one district receives compared to another. Chicago each year spends just $10,000 per pupil whereas suburbs like Winnetka can spend as much as $17,000. "Public education is supposed to be the great equalizer," says Arne Duncan, CEO of Chicago's public-school district. "But the fact that...

Author: /time Magazine | Title: Chicago Braces for a School Boycott | 8/27/2008 | See Source »

...During her nearly four years with the group, Michelle set fund-raising marks that remain records for the organization. In the process, she developed an unparalleled network of young activists. "She was a connector. They were a power couple. They helped each other along the way," says Craig Huffman, a graduate student from the Southside whom Michelle took under her wing and recommended for the charity's board. Huffman was drawn into Obama's orbit and, like dozens of Michelle's other protégés, volunteered for Barack Obama's campaigns. "Each ally was placed with...

Author: /time Magazine | Title: Michelle Obama's Savvy Sacrifice | 8/25/2008 | See Source »

...would these individuals or their companies risk their own money and reputations, should they be discovered? They don't need to. There's an anonymous investment vehicle - the hedge fund - with which they can even risk other investors' money for futures speculation. Although we're all affected by oil prices, we as oil consumers don't set the prices. Herein lies the problem. The futures market that serves as a price discovery mechanism for the physical oil market is open only to the elite. We trust these elites to determine the prices, but who are they...

Author: /time Magazine | Title: Are Oil Prices Rigged? | 8/22/2008 | See Source »

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