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...Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...

Author: /time Magazine | Title: For Geithner's "Bad Bank": A Toxic Financial Mutant | 2/9/2009 | See Source »

...within two days of each other in the spring of 2005 as a sign from above that treatment and sustenance should never be interrupted. No doubt activists on both sides of the issue will find moving symbolism in Monday evening's death, earlier than doctors had predicted, of the latest cause celebre in the battle over euthanasia and a person's right-to-die. Eluana Englaro, a 38-year-old Italian woman, who had been in a vegetative state since suffering irreversible brain damage in a car crash 17 years ago, died four days after doctors in the northern city...

Author: /time Magazine | Title: A Controversial End to Italy's Own Terri Schiavo Case | 2/9/2009 | See Source »

...latest showcase of how the Americas in the 21st century are as hopelessly mired in a toxic mix of U.S. insensitivity and Latin hypersensitivity as they were in the 20th. On the one hand, it was indicative of Washington's inability or refusal to realize that Latin Americans aren't as obsessed with the drug war as los yanquis are - and that they tend to feel humiliated by imperious U.S. conditions like those set on aid for Ecuador's drug police. Correa's chief complaint against the U.S. diplomat, Homeland Security attache Armando Astorga, was "the insolence to pretend that...

Author: /time Magazine | Title: Out of Ecuador, A Latin Lesson for Obama | 2/8/2009 | See Source »

...central government and Kurdistan regional authorities claim. The Iraqi government denied the accusation, saying its movements in the area were routine. Then on Sunday Shi'ite worshippers beginning annual pilgrimages on foot from Baghdad toward Karbala came under attack. A roadside bomb killed two and wounded 11 in the latest sign that sectarian bloodshed is still a regular occurrence...

Author: /time Magazine | Title: A Quiet Election Masks the Iraqi Option for Violence | 2/8/2009 | See Source »

...future Palestinian state. Lieberman's Yisrael Beitenu party is expected to garner 18 to 19 seats, bumping the venerable old Labor party, headed by ex-premier and current defense minister Ehud Barak, 66, into fourth place. As for the rest of the 120-seat Knesset, according to the latest polls, Likud is expected to win 25 to 27 seats there; Kadima 23 to 25 seats...

Author: /time Magazine | Title: Israel's Elections: Making a Hard Right | 2/8/2009 | See Source »

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