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...idea of new loan guarantees as the solution to fix the banking crisis appears to be gaining momentum in Washington and abroad. Earlier in the week, Treasury Secretary Timothy Geithner seemed to have struck a deal between the FDIC and the Federal Reserve to roll out a new phase of the bank bailout plan that would include both guarantees and direct asset purchases. The latter plan is favored by the FDIC and is often called the "bad bank" approach, because the government would set up an institution to buy up all the loans or bonds that are backed by borrowers...

Author: /time Magazine | Title: Will More Loan Guarantees Save the Banks? | 1/31/2009 | See Source »

...book Great Business Teams, consultant Howard M. Guttman discusses five steps to greatness. The first phase involves two critical tasks: getting an organization horizontal and aligning teams properly. In this excerpt, Paul Michaels, CEO of Mars Inc., the world's largest candy company, which is rarely written about, discusses the path to proper alignment...

Author: /time Magazine | Title: A Lesson Straight from Mars | 1/29/2009 | See Source »

...only been live for a week and already its 14 volunteers - some are Heritage employees, others work for nonprofits, and still others are just passionate people with extra time on their hands - have finished their first run through of the bill. While readthestimulus.org enters the second, fact-checking phase, some volunteers have taken on side projects of their own. Kristina Rasmussen, director of government affairs at the National Taxpayers Union, has been cross-referencing the federal agencies mentioned in the bill with U.S. Office of Management and Budget's program assessments and has found a number of programs that...

Author: /time Magazine | Title: Reading the Stimulus | 1/25/2009 | See Source »

...that process wasn't such an easy hurdle to overcome. Because no one has used embryonic stem cells or the cells derived from them in people before, the FDA was particularly cautious. The trial that it approved is what's known as a Phase 1. It will involve no more than a dozen patients and is not designed to test the effectiveness of the cells. Rather, it will simply monitor the safety of inserting them into people. The researchers will be looking for whether the cells cause tumors, trigger an immune response or start to migrate away from the spinal...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...After 1970, the ramshackle buildings were open to the public on a limited basis until the site was closed in 2005 for extensive refurbishments. On Feb. 15, the station will finally reopen its first phase to the public. Visitors can sit at a simulated interrogation table and take tours of cramped barracks that were segregated by race. New arrivals were detained for anywhere between two weeks and two years before being admitted into the U.S., or sent home. The Chinese encountered particular difficulty. As a consequence of the Chinese Exclusion Act, which severely curtailed Chinese immigration for more than...

Author: /time Magazine | Title: The Other Ellis Island | 1/22/2009 | See Source »

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