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...Restoring it is now vital. Part of that responsibility lies with the lenders themselves. "Banks need to know their business," said John McFall, chairman of Britain's Treasury Select Committee, during a recent debate on trust and financial markets organized by the Fabian Society, a left-leaning London think tank. In future, bosses ought to know their CDOs from the CDSs, McFall said, and not leave such understanding to the banks' "35-year-old Ph.D.s." Reining in sky-high bonuses, boosting capital reserves and sharpening risk management won't do any harm to public trust, either...

Author: /time Magazine | Title: What Banks Are Still Missing: Trust | 5/4/2009 | See Source »

...they won," Laura Ingraham, a conservative talk-radio host said on Fox News Sunday. "They were relentlessly attacking George [W.] Bush for several years from the left. They didn't move to the middle, and the idea that Republicans now have to move to the middle - what, beyond John McCain's middle...

Author: /time Magazine | Title: The GOP Plans a Rebirth, with Pepperoni and Protests | 5/4/2009 | See Source »

...their doubts. "Quite honestly, people learn more from listening to Rush Limbaugh's show than in high school or college," Stephen Santelli, 28, told the crowd to applause in asking a question about education standards. "Look at what happened in November," Santelli lamented to reporters after the event. "John McCain was basically Democrat-light, and we lost the election. Move too much to the center and you lose the base...

Author: /time Magazine | Title: The GOP Plans a Rebirth, with Pepperoni and Protests | 5/4/2009 | See Source »

...However, Obama appointed three Republicans to his cabinet, pursued centrist policies in Iraq and Afghanistan that Senator John McCain has praised, included in his stimulus package one of the largest tax cuts in history despite calls from the left for fewer tax cuts and more spending, and resisted calls for nationalizing major banks. To claim that Obama has been the most partisan president ever, therefore, is both disingenuous and more than a little partisan itself...

Author: By Dhruv K. Singhal | Title: Of the Right, Not Much Left | 5/3/2009 | See Source »

...suspect, John Floyd Thomas Jr., had been arrested in late March and charged on April 2 with the rape and murders of two elderly women in the 1970s. According to police, DNA evidence also apparently tied Thomas to the crimes against Kistner's great-aunt. A grimmer scenario loomed, however: investigators now believe that Thomas was behind many more sexually-motivated murders and may turn out to be the most prolific serial killer in Los Angeles history...

Author: /time Magazine | Title: A Cold Case Gets Hot: Is This L.A.'s Westside Rapist? | 5/3/2009 | See Source »

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