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...news highlights an unpopular President Bush, drives voters to the Democrats, boosts Barack Obama's proposals and draws the press to the late front runner. If John McCain knows how to stop the cycle, he hasn't revealed it. Once upon a time, Obama reneged on a promise to limit public campaign-financing for the general election, anticipating greater resources against McCain. It briefly appeared that GOP fund-raising had leveled the playing field. But it's been a happy ending for Obama: in some places, his campaign is outspending McCain's by more than...

Author: /time Magazine | Title: The Page | 10/16/2008 | See Source »

...embarking on a long trek to a crater roughly 7 miles (12 km) away. That's about the total amount of ground it has covered since it arrived. Even if it follows a beeline route, its slow speed and the starts and stops it must make along the way limit it to about 110 yd. (100 m) per day--meaning it will need two years to get where it's going. Still, the trip should be easier than it once would have been, thanks to a sister ship, the Mars Reconnaissance Orbiter, which arrived in 2006 and can provide...

Author: /time Magazine | Title: Mars: Pop. 6 | 10/16/2008 | See Source »

...When that happens, the real fighting begins. In this case, the war between small depositors who have managed their money carefully and large, institutional banks that have gambled and lost is playing out across the American economy. So far, Bair has worried about Main Street while working overtime to limit the damage on Wall Street. In the past month, she's overseen the "resolution" (meaning, in a banker's lexicon, the "failure and sale") of the country's sixth largest bank, Washington Mutual, and helped negotiate the forced sale of superregional Wachovia bank to Citi (only to see the deal...

Author: /time Magazine | Title: The FDIC's Boss: Sheila Bair, America's Passbook Protector | 10/16/2008 | See Source »

...believe for there to be an inkling of any impropriety" as far as campaign or taxpayer money being used, Isaacs said. The attorney did not elaborate on what the settlement payment was for. "Both sides are bound by confidentiality," he said. "There's an agreement between the parties that limit what I can say with regards to the resolution...

Author: /time Magazine | Title: Mahoney's Florida District Has Sex-Scandal Déjà Vu | 10/16/2008 | See Source »

...remaining in office (440 days, as of today). More insidiously, he is now proposing a change in city law that would allow him to run for a third term, claiming that the current financial crisis requires continuity in municipal leadership in New York. The current law regarding term limits in New York City limits the mayor to two terms, and voters have twice approved the legislation through referendums. While voter support is clearly in favor of term limits, the proposal—which would be decided on by the City Council rather than voters—is very troubling. Bloomberg...

Author: By The Crimson Staff | Title: The Term’s the Limit | 10/15/2008 | See Source »

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