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...market today gave legislators the opportunity for a do-over, rising nearly 5% on the notion that all those folks who were sending angry messages to their Representatives might have a doubt or two after checking their mutual funds balances. Broun is resolute that taxpayer money won't be used "to give a golden parachute to Wall Street that our grandchildren may still be paying for many decades from now." But Wall Street is all of us, including the Congressman from the 10th District in Georgia. We are all going to eat the cow patty. The only question...

Author: /time Magazine | Title: The Bailout Bill: A Cow Patty for All of Us | 9/30/2008 | See Source »

...minds of Democrats, what changed was the dramatic decision by McCain, who does not serve on the Senate Banking Committee and has rarely exhibited much interest in crafting financial legislation, to come to Washington. "This notion that somehow John McCain is going to ride to the rescue, I think, is a notion in his own mind, not in the reality of what we're facing here," said Illinois Senator Dick Durbin, the No. 2 Senate Democrat. "Bringing the presidential political campaigns to the halls of Congress is not going to make this any easier...

Author: /time Magazine | Title: Who's to Blame for the Bailout Deal's Stumble? | 9/26/2008 | See Source »

...notion that a massive, unprecedented intervention in the financial markets should be the final economic act of a Republican President was made all the more stunning by the sight of no less a free-marketeer than Vice President Dick Cheney being dispatched to the Hill to sell it to furious Republicans. But Congress is coming late to this crisis. Paulson, Bernanke and Geithner--whose conference calls can number more than half a dozen a day--have been quietly trying to keep the ship in the channel for months. Treasury Secretary Paulson, 62, was one of Wall Street's toughest dealmakers...

Author: /time Magazine | Title: Three Men And a Bailout | 9/25/2008 | See Source »

...what they actually think. Once upon a time, journalists' circumspection was a source of authority; increasingly, it just seems like phoniness. And while traditional media are trying to adapt to a bloggier, more opinionated age, they're still largely accustomed to the old standards of equivalency: the notion that if candidate X commits a transgression, "balance" requires that you find an equivalent from candidate Y--or at least an X supporter willing to claim...

Author: /time Magazine | Title: Lessons from The View | 9/25/2008 | See Source »

...only things that made me stationary. The reason I was sitting slack-jawed and wide-eyed was because I had just witnessed yet another episode of “The Secret Life of the American Teenager,” a show that defies any preconceived notion I once had about what makes enjoyable television.For those unfamiliar with the ABC Family phenomenon, here’s a short summary: high school freshman Amy Juergens becomes pregnant after a band camp fling with playboy drummer Ricky Underwood and has to deal with embarrassment at school, problems with friends and family...

Author: By Jeffrey W. Feldman, CRIMSON STAFF WRITER | Title: TV Drama "Secret Life" a Bundle of Joy, Stupidity | 9/25/2008 | See Source »

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