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...SWFs, on the other hand, control more than $3 trillion, an amount that is growing rapidly. That money needs a home, and the weak U.S. dollar presents foreign investors with opportunities to put it to work by snapping up "bargains" like the Chrysler Building and Citigroup stock. But after turning to SWFs in their hour of need last winter, will U.S. and European officials be willing to do so again...

Author: /time Magazine | Title: Investing: That Sinking Feeling | 7/17/2008 | See Source »

...unclear whether hands-free laws alone will make the roads safer. Numerous studies have concluded that any type of cell phone use - hands-free or not - can distract a driver enough to increase the likelihood of an accident. According to research conducted by Carnegie Mellon University neuroscientist Marcel Just, simply listening intently to a cell phone conversation is enough to impair driving. And a 2004 study from the National Highway Traffic Safety Administration found that drivers using hand-free cell phones had to redial calls 40% of the time, compared with 18% for drivers using handheld sets, suggesting that hands...

Author: /time Magazine | Title: Cell Phones on the Road: What Goes? | 7/16/2008 | See Source »

...that point in the campaign, McCain had been more or less ambivalent about Bush personally. "He thought Bush was a lightweight but a nice enough guy," says a close McCain associate. That ended in South Carolina. During a commercial break in a debate there, Bush put his hand on McCain's arm and swore he had nothing to do with the slander being thrown at his opponent. "Don't give me that shit," McCain growled. "And take your hands...

Author: /time Magazine | Title: Frenemies: The McCain-Bush Dance | 7/16/2008 | See Source »

...Jeffords and Chafee were members of a dying breed - the liberal New England Republican. McCain, on the other hand, was a Western conservative from Arizona who had gone to Congress as a Reagan Republican. But after the searing experience of getting entangled in the Keating Five scandal in the 1980s, McCain had grown increasingly independent, pursuing campaign-finance reform and other causes that made his fellow Republicans doubt his ideological convictions...

Author: /time Magazine | Title: Frenemies: The McCain-Bush Dance | 7/16/2008 | See Source »

...Security Adviser, about their recent meetings with European allies when Bush unexpectedly stuck his head in the door. "Are you all talking about Iraq?" the President asked, his voice tinged with schoolyard bravado. Before McCain and the others in the room could do more than nod, Bush waved his hand dismissively. "F___ Saddam," he said. "We're taking him out." And then he left...

Author: /time Magazine | Title: Frenemies: The McCain-Bush Dance | 7/16/2008 | See Source »

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