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...other people are. Protesters outside two of President Obama's recent events, in New Hampshire and Arizona, have arrived carrying guns, including a Phoenix man toting a pistol and an AR-15 assault rifle. Carrying visible weapons is legal in both states, and the protesters were not in the high-security zone around the President. But the head of the Brady Campaign to Prevent Gun Violence called the incidents "craziness," especially amid the combustible debate over health-care reform...

Author: /time Magazine | Title: The World | 8/31/2009 | See Source »

...homeowner (that mortgage-interest deduction) or it's always better to be a renter (no property taxes, and who wants to fix his own garbage disposal?). The more complicated truth is that at certain times it makes more sense to be one or the other. (See high-end homes that won't sell...

Author: /time Magazine | Title: Own-ward Bound? | 8/31/2009 | See Source »

...edgy market. It has paid back the billions of dollars, and then some, of taxpayer money the government forced it to take last October; raised billions of dollars in capital from private investors, including $5 billion from Warren Buffett; and urged its cadre of well-paid and high-performing executives to show some restraint on the conspicuous-consumption front...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

Friends in High Places Not least of those explanations has to do with Blankfein's appearance in the call logs of Henry Paulson, his predecessor as Goldman CEO, who was Treasury Secretary while the financial crisis started to unfold in early 2007 up until January 2009. For instance, in the week after Paulson allowed Lehman Brothers to collapse into bankruptcy last Sept. 15 - and while the Secretary was playing a major role in deciding whether to pump $85 billion into the rescue of insurance behemoth AIG - Paulson and Blankfein spoke 24 times. On one level it makes sense: a Treasury...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

Young Blankfein thrived. He stayed out of trouble by not getting off the school bus when he saw things happening that made him uncomfortable. He studied hard. He was the valedictorian of his 1971 graduating class at the predominantly black Thomas Jefferson High School. At 16, he applied to Harvard, solely because Harvard had gone to the school to recruit. Using a combination of financial aid and scholarships, he graduated in 1975. Ben Bernanke was in his class. In the class-of-'75 yearbook, Bernanke was pictured near Blankfein, who was wearing a fashionable houndstooth blazer with groovy wide lapels...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

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