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...people building the F-22s need the jobs they generate. In the past week, three labor groups whose members help assemble the planes - the AFL-CIO, the International Association of Machinists and Aerospace Workers and the United Steelworkers - have urged lawmakers to keep them in production. With F-22 plants and suppliers spread across 44 states, there's a lot of support on Capitol Hill for keeping it in production. Senator Saxby Chambliss, the Georgia Republican who has thousands of constituents working on the planes at the Lockheed-Martin plant in Marietta, wants to keep those voters employed. He solicited...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...save money by nixing subsidies to private lenders under the Family Federal Education Loan Program. That legislation faces opposition from student-loan companies and some Republicans, who say the shift to direct lending - in which Uncle Sam acts as your loan officer - will cost thousands of jobs and keep colleges from choosing between competing loan programs eager to underbid one another. (Read about the new college-loan plan: pay back by what you earn...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

...more remarkable aspects of Chinese government efforts to fend off the global economic downturn has been a surge in lending. To keep struggling enterprises afloat, Beijing urged Chinese banks to open the credit floodgates - and bankers have done so. The People's Bank of China, the central bank, estimates that $224 billion in new loans were made in June alone, bringing the total for the first half of the year to $1.08 trillion - 50% more than the amount of loans Chinese banks issued in all of 2008. (Read "China's Banks Become the Government's Foot Soldiers...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...deliberately keep its own director in the dark about a secret program? The latest storm to break over Langley emerged after the New York Times reported over the weekend that former Vice President Dick Cheney had ordered that the program be kept from Congress's oversight committees. Apparently, CIA Director Leon Panetta was told of the program's existence on June 23, four months after he took over the agency. Within 24 hours, he had canceled it and briefed the congressional oversight committees of its existence. Amid the uproar over how and why the agency kept Congress in the dark...

Author: /time Magazine | Title: CIA's Secret Program: Why Wasn't Panetta Told? | 7/14/2009 | See Source »

...alone in his ignorance. "There are two big 'so whats' to the latest news," she says. "One is: What's going on in the Executive Branch that the CIA director doesn't even know about a program that the former Vice President thought was important enough to keep secret? The second is: What's going on in Congress that oversight...

Author: /time Magazine | Title: CIA's Secret Program: Why Wasn't Panetta Told? | 7/14/2009 | See Source »

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