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...compelled to do something about the "financial meltdown," so an inefficient and inequitable "bailout plan" has been rushed through the legislature despite harsh criticism from the right and left. That's unfortunate. Both presidential candidates were stalling by qualifying the plan. Whichever candidate had had the courage to reject outright this proposal would have had the better claim to be President...

Author: /time Magazine | Title: Let Risk-Taking Financial Institutions Fail | 9/29/2008 | See Source »

FactCheck.org posted a 10-point report of less than honest moments.) Its work has become a go-to resource for bloggers, mainstream media and the candidates' themselves. So is this campaign less honest? TIME talked to FactCheck.org director Brooks Jackson. You have skewered both presidential campaigns for exaggerations and outright lies. Do you make a conscious effort to analyze both campaigns equally? We certainly give them equal scrutiny. We're looking at everything that comes out of those campaigns in terms of TV advertising, debates, major interviews, major speeches. We do not ever try to balance a criticism...

Author: /time Magazine | Title: Keeping the Campaigns Honest | 9/29/2008 | See Source »

...Freedom Party, meanwhile, saw its support jump by more than half to 18%, and was the outright winner among young Austrians under the age of 30. Haider, who broke with the Freedom Party to form his own Alliance for the Future of Austria in 2005, doubled his support in the few weeks immediately preceding the polls to garner an unexpected 11%. Within the 183-seat parliament, the Freedom Party is projected to take 35 seats, up from 21, while Haider's party is expected to get 21, up from just...

Author: /time Magazine | Title: Far Right Surges in Austrian Vote | 9/29/2008 | See Source »

...forced the board of Fannie Mae to enable a government takeover even though it meant devastation for shareholders; he has stared down Richard Fuld at Lehman Brothers, who thought he could bluff Paulson into saving the firm; and he has negotiated brutal terms with AIG to save them from outright failure with a government bailout...

Author: /time Magazine | Title: The Bailout Deal: Will It Fly in Congress? | 9/28/2008 | See Source »

...order tempers the chaos: All at once, somebody searching for space covers the bottom third of another poster, obscuring the date and location of the Glassblowing Society’s first meeting. The wounded party shoots an angry glance at the offender. Perhaps the fight will break out into outright poster defacing, silent and malicious, or perhaps the infraction will be allowed to pass...

Author: By Garrett G.D. Nelson | Title: Postering in the Ethnographic Gaze | 9/26/2008 | See Source »

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