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The Treasury is also active in ways it wasn't during the Depression. Back then, conventional wisdom held that the government should try to run a balanced budget in a crisis, even if that meant cutting welfare spending and raising taxes. A generation of economists inspired by John Maynard Keynes...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

Are we all just supposed to trust that mortgage lenders and Wall Street types have 'learned their lesson' and will not continue to exacerbate the problem (or find ways to create new ones)? What safeguards are/will be put in place so that derivatives of the type that got this mess...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

Get Full Protection Every generation endures an event that reinforces the importance of federal guarantees on investments and savings. Your event just happened. But those guarantees have limits. So if you have a lot of cash with any one financial institution, you may not be fully protected. Don't panic...

Author: /time Magazine | Title: Surviving the Wall Street Storm | 9/30/2008 | See Source »

Offenheiser said he supported moving towards so-called “second generation biofuels,” like switchgrass, that are not a part of the food supply.

Author: By Elias J. Groll, CONTRIBUTING WRITER | Title: OxFam President Weighs Food Crisis | 9/30/2008 | See Source »

In the book, you write about taking your teenage son to Ronald Reagan's funeral, saying you wanted him to see history. How does your son influence the way you're looking at this election? We talk a great deal. I don't want to share his views, but he...

Author: /time Magazine | Title: Peggy Noonan | 9/30/2008 | See Source »

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