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Francis Sullivan has no idea what she is going to do. Her house is a total loss. She has few clothes, just $38 in food stamps, and her Social Security pension, but she has few complaints. The National Guard charged her cellphone. The Salvation Army has fed her. Meanwhile, Texas state agencies have received over 600,000 requests for various forms of assistance and support from victims of the storm...

Author: /time Magazine | Title: In Storm-Ravaged Galveston, Echoes of New Orleans | 10/6/2008 | See Source »

...local governments of a moral failure for not closing the two roads adjacent to the embassy. Russian Countess Anca Vidaeff, who lived across from the embassy's side entrance, even held a three-day hunger strike to protest what she claimed was inadequate security. "My property is my pension but I cannot rent or sell my house and my life is in danger," she told the press...

Author: /time Magazine | Title: US Embassy in London to Move Down-Market | 10/6/2008 | See Source »

...Declaration of Independence calls "the consent of the governed." As the financial crisis has deepened, Washington has done a downright lousy job of explaining things--of connecting the dots between Wall Street and Main Street. The simple fact is that almost every American--whether it's through his pension or her business or his 401(k)--is deeply affected by failures in the banking system. Time has been telling this story for the past several weeks, and in this issue, the cover story by the acclaimed historian Niall Ferguson puts the current crisis in historical, financial and global perspective...

Author: /time Magazine | Title: Shedding Light | 10/2/2008 | See Source »

...Democratic majority in the early 1990s. But in recent years, he's become more of a moderate, elected to lead his conference on a platform of bipartisanship. As the top Republican on the Education and Workforce Committee, he worked with Democrats to pass No Child Left Behind and the Pension Protection...

Author: /time Magazine | Title: The Bailout Spotlight Returns to the House — and John Boehner | 10/2/2008 | See Source »

...including many of your constituents. The $1.2 trillion - let's spell that out as $1,200,000,000,000 - that disappeared from the stock market on Monday didn't go down a black hole in lower Manhattan. It came out of America's 401(k)s, mutual funds, pension funds and personal portfolios. We've got $17.6 trillion in retirement assets invested as of 2007. There is some $12 trillion invested in mutual funds alone (well, at least before yesterday); about 44% of all U.S. households hold these accounts, according to the Investment Company Institute...

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

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