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...Answering the second question - repairing bank balance sheets - is neither simple nor clear-cut. What is clear is that the capital needed will not come (entirely) from private hands. Banks and policymakers will essentially have a few different options: banks can issue more common stock; policymakers can push more conversions of preferred shares (or liabilities) into tangible common stock of the troubled banks; or more capital can be injected using taxpayers money, effectively taking control and (partially) nationalizing the banks...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

...Neither ever waded into a black crowd, like Sylvia's, or had the easy familiarity with blacks that Kemp displayed that day, getting laughs by referring to a local pastor as "Rev" and teasing a woman who had interrupted him, saying, "Hey, girl, it's my microphone...

Author: /time Magazine | Title: Jack Kemp: Running a Very Different Republican Race | 5/8/2009 | See Source »

...These problems are neither new nor uncommon. What has happened at Harvard—and to the gender equality movement in general—is something that is as dangerous as it is strange. In our post-sexual liberation society, a woman is now encouraged to embrace her sexual autonomy until an unspoken, invisible line dictated and measured only within her own head is crossed, at which point she is catapulted into decorated victim status. In advocating this philosophy, the movement reduces women to passive victims and, worse still, takes away from the women who are victims of truly egregious...

Author: By Lucy M. Caldwell | Title: Talk We Don’t Need | 5/7/2009 | See Source »

...anti-corporate populists. Americans don't like the insurance industry, Luntz writes to Republicans, and neither should they: "We suggest ratcheting up the rhetoric against insurance companies to almost the same degree as you do against Washington bureaucracy." In fact, the whole discussion of health care as an economic issue should be scuttled - it should be framed as a personal, human issue at every opportunity. So less talk of consumers and free markets, more talk of patients and wellness. Besides, he points out, "in case you missed it, capitalism isn't exactly in vogue these days...

Author: /time Magazine | Title: How Republicans Should Talk About Health Care | 5/7/2009 | See Source »

...Lankan government has been more welcoming of delegations from sympathetic countries, such as India, South Asia's regional superpower, and Japan, Sri Lanka's largest donor country. Neither has tried to exert similar public pressure. The Indian foreign secretary, Shivshankar Menon, met with Rajapaksa on April 24; three days later the Army announced that "combat operations have reached their conclusion," a declaration that was quickly clarified - it meant the Army would cease only heavy bombardment. On April 30, the Times of London reported that the U.S. and Britain were trying to use Sri Lanka's application for a $1.9 billion...

Author: /time Magazine | Title: Behind Colombo's P.R. Battle Against the Tamil Tigers | 5/6/2009 | See Source »

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