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...losses from the bonds held by banks may be covered by the TARP capital they have received from the government or the money that they have been asked to raise as a result of the "stress test" process. That leaves the more important issue of what it means when the financial distress of the wealthy and nearly wealthy begins to look like the money problems of everyone else. The country counts on the rich for a large portion of it tax receipts. The new budget assumes that upper income households will pay an even larger part of their earnings each...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...Hair” has been nominated for a total of eight Tony awards this year, including Best Actor and Best Revivals of a Musical. The 2009 ceremony will be held on June...

Author: By Manning Ding, CRIMSON STAFF WRITER | Title: Paulus Gets Tony Nomination for ‘Hair’ | 5/8/2009 | See Source »

church •54% of weekly worshippers at say the use of torture is "often" or "sometimes" justified, an opinion held by only 42% of those who rarely or never attend...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 5/8/2009 | See Source »

...late April, Suu Kyi's NLD held a rare conclave to discuss whether they would take part in the polls. Some argued that joining the electoral process would give an unwarranted air of legitimacy to a process whose outcome had likely been decided in the army's favor. Others, however, believed that not participating would be an abdication of electoral responsibility. In the end, the NLD released a statement saying they would play a part if the Burmese government released the more than 2,100 political prisoners languishing in jail. The NLD also called for the release of the woman...

Author: /time Magazine | Title: Burma's Most Famous Political Prisoner Gets a Surprise Visitor | 5/8/2009 | See Source »

...means he has precious little ability to deliver on any promises he makes to the Israelis or Americans. His term of office formally expired in January, and that month's Israeli offensive in Gaza reduced his popularity to an all-time low. Were a new Palestinian election to be held today, it's doubtful that Abbas would even win the nomination of his own Fatah party, much less be able to beat a Hamas candidate at the polls. Hamas remains the majority party in the Palestinian legislature; it controls all of Gaza following a violent showdown in 2007 that...

Author: /time Magazine | Title: Obama and His Troublesome Allies | 5/7/2009 | See Source »

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