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Ever since 1978, when President Jimmy Carter signed the Full Employment and Balanced Growth Act (a.k.a. the Humphrey-Hawkins Act) into law, Federal Reserve chairmen have had to troop before Congress twice a year to explain themselves.

Author: /time Magazine | Title: Bernanke Defends Fed's Actions Before Congress | 7/21/2009 | See Source »

For many years, McCourt tried and failed to write about his childhood. The family talent for storytelling kept him alive in the classroom, but he couldn't get the words down on paper. He kept company in bars with writers like Pete Hamill and Jimmy Breslin, but his own voice...

Author: /time Magazine | Title: Frank McCourt, Author of Angela's Ashes, Dies | 7/19/2009 | See Source »

Rather than face up to all this, too many in the GOP are stuck in a swoon of nostalgia. Most of our party leaders come from bloodred GOP states or safe districts, so they are far more at home in the tribal politics of Republican primaries than in those of...

Author: /time Magazine | Title: For Republicans, the Ice Age Cometh | 6/22/2009 | See Source »

• Nearly ousted Senator Harry Reid, the current Senate majority leader, in a 1998 challenge. Reid defeated Ensign by fewer than 500 votes in a bitter campaign that cost both sides more than $8 million. Won a Senate seat easily on his second attempt in 2000, and fought off a...

Author: /time Magazine | Title: Senator John Ensign: 'I Had an Affair' | 6/18/2009 | See Source »

Khamenei's abrupt dismissal of reform candidate Mir-Hossein Mousavi's supporters also suggests that he has lost touch with a central principle of the Islamic revolution, says Gary Sick, Jimmy Carter's top White House adviser on Iran during that period. Mousavi's supporters were mobilized by feelings of...

Author: /time Magazine | Title: U.S. Still Struggling to Understand Iran | 6/17/2009 | See Source »

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