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...case for happy is that a mere nine months after the U.S. and Europe teetered on the brink of financial collapse, one of the stalwarts of the global financial system appears to have returned to robust health. Goldman has paid back, with interest, the $10 billion that taxpayers gave it in October. It's making bets and taking risks again (most of the profits came from Goldman's trading operations), which is what capitalism is about. "Is there a law in the United States that you can't make profits?" Democrat Paul Kanjorski, a senior member of the House Financial...

Author: /time Magazine | Title: The Moment | 7/27/2009 | See Source »

There isn't. But the mere fact that reporters raised the subject was an indication that the issue is complicated. Goldman's profits are so high because so many of its competitors are wounded or defunct. Though the firm is in this advantageous position because it did a better job of steering through the crisis than did most rivals (JPMorgan Chase is Wall Street's other beacon of health), it probably wouldn't have survived the worst of the panic last fall if there hadn't been a massive government bailout--engineered by a Treasury Secretary who used...

Author: /time Magazine | Title: The Moment | 7/27/2009 | See Source »

...jobs. A city ordinance that kicked in on June 1 requires presale energy audits for many commercial buildings, apartment complexes and single-family homes, creating the need for more trained inspectors. Also, one of the nation's largest solar-power plants is slated to be completed next year a mere 20 miles from Austin's downtown. (See 10 ways your job will change...

Author: /time Magazine | Title: Can Community Colleges Save the U.S. Economy? | 7/20/2009 | See Source »

...several former CIA officers and intelligence experts contacted by TIME found that explanation problematic. For one thing, they say, the mere fact that the program apparently merited Cheney's close attention should have been a red flag. "Even if the program was dormant, the top officials would have known about Cheney's instructions, and they should have told Panetta right away," says a former operations expert...

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

...critique turned out to be off on two counts. The questions--from an audience including a former Bush Medicare official and the CEO of Aetna--focused mostly on the worries of the already insured about what would happen to their choice and coverage. More important, the special drew a mere 4.7 million viewers, barely half as many as NBC's earlier Inside the White House, in which Brian Williams ate burgers with the President and petted First...

Author: /time Magazine | Title: POTUS TV: Paging Dr. Obama | 7/13/2009 | See Source »

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