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...only lenders subject to regular visits from the feds are actual banks and savings institutions, from national brands like Washington Mutual and Wells Fargo to your neighborhood savings bank. They are so closely regulated because taxpayers are on the hook for insuring the safety of their deposits. And so far this year, they've stayed out of big trouble. "The banking industry is in pretty good shape," says Bert Ely, an Alexandria, Va., banking consultant and expert on the S&L meltdown. "What came out of the aftermath of the S&L crisis was a very concerted effort...

Author: /time Magazine | Title: Reward the Good Guys | 8/30/2007 | See Source »

...fictions in recent years, from My Other Life to Blinding Light, know that they are usually fired by sexual tension and hunger, which speak for the ways our secret lives turn on our regular lives until they seem the realest lives of all. In India, inevitably, this dance of mutual need grows ever more serpentine as pleasure-seeking Westerner and improvident local circle one another. Beautiful young men teach foreign guests the "scorpion pose" in yoga pavilions, and then the "crocodile posture" and the "corpse pose." Americans diligently pave the road to their own destruction with almost-good intentions...

Author: /time Magazine | Title: Paul Theroux: The Elephanta Suite | 8/29/2007 | See Source »

...from certain that Musharraf and Bhutto can come to a working agreement. Even if they can set aside their mutual antagonism and some early sticking points--like her insistence that he give up his military uniform--they face massive legal obstacles. For instance, it's up to the Supreme Court to decide whether the charges against Bhutto can be dropped, and whatever influence Musharraf may have had with the court has faded badly since his botched attempt this year to fire a top judge. It's entirely plausible that the court could disqualify him from seeking re-election by citing...

Author: /time Magazine | Title: Pakistan's New Odd Couple? | 8/23/2007 | See Source »

...Chavez unequivocally. After all, Chavez is using Venezuela's petroleum riches to shore up Argentina's struggling economy, buying $1 billion of the country's bonds and investing $400 million in a natural gas plant to bolster Buenos Aires' energy needs. Indeed, there used to be a lot of mutual affection among the Latin American leaders, fellow leftists all. Last March, the couple played host to Chavez, and allowed him to use his visit to stage a rally against the U.S. and President Bush - who in Chavez-speak is both "a political cadaver" and "an imperialist knight." But the Kirchners...

Author: /time Magazine | Title: Argentina Cries Foul Against Chavez | 8/21/2007 | See Source »

...means of gaining full international endorsement of the status quo in Europe. In such a conference, which would be attended by the U.S. and Canada as well as all European countries, the participants would pledge to respect each other's boundaries; they would also discuss a mutual reduction of forces between NATO and the Warsaw Pact nations. The security conference would be, in fact, an updated version of the 19th century Congress of Vienna, in which the nations of Europe and North America would seek to work out new security arrangements, even as the diplomats of Metternich...

Author: /time Magazine | Title: World: Europe: The End of World War II | 8/20/2007 | See Source »

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