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...pure obstructionism is a losing play, it's being treated as a done deal. Democrats like Obama's economic adviser Larry Summers and Senate Banking Committee chairman Christopher Dodd are saying it's going to pass, perhaps as early as next month. So are key Republicans like Senator Judd Gregg of New Hampshire, who recently put the odds of passage...

Author: /time Magazine | Title: Financial Reform: Far from a Done Deal in Congress | 4/6/2010 | See Source »

...happened inside the Obama Administration, which is why the President recently proposed new add-on provisions limiting bank size and speculation. So how hard is it going to be for the less staunch to find something in the bill to reject? It's worth noting that the 100%-confident Gregg and Democratic Senator Jack Reed were assigned to hash out compromise rules for derivatives - and failed. Even if they had succeeded, the House might not have gone along. And there are dozens of similar issues that need to be resolved for reform to pass...

Author: /time Magazine | Title: Financial Reform: Far from a Done Deal in Congress | 4/6/2010 | See Source »

...point is that reform won't pass unless every one of those issues gets resolved in the Senate, and then re-resolved to get through the House and Senate again. It could happen. But don't be surprised if in a few months you see Gregg shaking his head sadly: If only the Democrats weren't so intransigent about proprietary trading, or 15-1 leverage restrictions or something else you've never thought about, we could've had a deal. And don't be surprised if the Beltway consensus then concludes that failure was inevitable...

Author: /time Magazine | Title: Financial Reform: Far from a Done Deal in Congress | 4/6/2010 | See Source »

...small screen was home for Forsythe. He began his series work with Bachelor Father, which ran from 1957 to 1962 on CBS, then NBC and finally ABC. This was one of the few American TV sitcoms of the period not set in the middle-class. Forsythe played Bentley Gregg, a rich attorney who lived in a Beverly Hills penthouse with his teenage niece Kelly (Noreen Corcoran) and a Chinese manservant (Sammee Tong). As unflusterable as Robert Young's Jim Anderson on Father Knows Best, Bentley wore suits that were tailored, not elbow-patched, and treated Kelly's adolescent anxieties with...

Author: /time Magazine | Title: Charlie's an Angel Now: John Forsythe Dies at 92 | 4/3/2010 | See Source »

...after 3,200 miles, Doris was greeted in Washington by the cheers of thousands of supporters. Her bill passed. When she was 94, Doris unexpectedly became the Democratic nominee for one of New Hampshire's Senate seats. I made a documentary about her hardscrabble run against incumbent Judd Gregg. Fueled by bacon, catnaps and a deep belief that "democracy is not something you have--it's something you do," Doris campaigned tirelessly. Filming her was the most exhausting thing I've ever done--and the most inspiring. When snows threatened to keep her from reaching D.C. on schedule, she skied...

Author: /time Magazine | Title: Doris Haddock | 3/29/2010 | See Source »

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