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...close to 100 billion euros into the short-term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina attack, a brief, unexpectedly painful episode that signaled what a few senior Fed officials were beginning to fear: a full-blown economic heart attack might well be coming. During the Jackson Hole meetings, Geithner pressed the view that Fed policy was behind the curve; the problem in the credit markets was big and likely to get worse, and the Fed needed to get out in front of it, to err on the side...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

...Smaller than Hitler's heart." - Jim Murray, sportswriter, on Henderson's barely-there strike zone, Sports Illustrated, April...

Author: /time Magazine | Title: Rickey Henderson | 1/13/2009 | See Source »

Anbar, which makes up nearly one-third of Iraq's territory, was at the heart of the country's bloody insurgency against U.S. troops, which raged for more than three years. In 2006 local sheiks and former insurgents began to band together to form the Awakening movement. With funding from the U.S. military, the movement fought a fierce battle in 2007 against al-Qaeda-led insurgents, inspiring similar programs in other areas of Iraq. The Awakening is largely credited with quelling the insurgency and bringing stability to Anbar and Baghdad. Now many of Anbar's 35 parties carry names that...

Author: /time Magazine | Title: How Iraq Fills the Quota for Female Politicians | 1/12/2009 | See Source »

...These will be the tactics if Israel decides to launch "Phase Three" in Gaza, a thrust into the heart of the besieged Palestinian enclave by thousands of troops. Phase Three seems inevitable now that Israel and Hamas have both rejected a United Nations ceasefire call and a French-Egyptian peace proposal. "All that's left to do is to give the order, and we'll start moving in the direction of the Gaza Strip," a commander of the reservist battalions told the Israeli daily Ma'ariv. On Saturday, Israeli planes dropped thousands of leaflets warning of more fighting to come...

Author: /time Magazine | Title: In Fake Arab Town, Israeli Lawyers and Actors Prep for Real War | 1/11/2009 | See Source »

...shock. The episode is an embarrassing, chilling reminder of the 1960s, when the town endured tumultuous Civil Rights protests, and was even known as the "Klan Capital" of the U.S. In recent weeks, national television cameras have swooped into town. One front-page Times-Picayune headline blared: "Change of heart doomed woman." Joe Culpepper, captain of Bogalusa's 39-member police force, says the whole ordeal "took us by surprise. We have our share of white trash up here. But the community has evolved past Klan-type behavior. Nobody is on that page anymore." Andre Johnson, one of two blacks...

Author: /time Magazine | Title: A Klan Initiation Murder: A Backlash to Obama's Victory? | 1/10/2009 | See Source »

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