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...Well, last Friday Paulson embraced sprinkling banks with billions of dollars, announcing at a press conference that he intended to pursue this plan "to promote financial market stability." Which leads to an obvious question: Are banks failing...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

...Bank of America, could fail but will stay alive in one form or another - through a bailout or government-backed sale, for example. But plenty of medium and smaller banks are going to disappear or be divvied up by creditors. And the longer Paulson's new capital-infusion plan takes to get up and running, the higher the likelihood of failure will...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

When Congress approved the $700 billion rescue plan, it also passed one of the most significant mental-health bills in U.S. history - the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008. It requires group insurance plans to cover mental illnesses the same way as physical ones (no more higher co-pays, deductibles and limits on hospital stays). For more than a decade, Senator Peter Domenici pioneered the fight for such legislation. Last year, the 76-year-old Republican announced he suffers from a degenerative brain disease and would not seek another term...

Author: /time Magazine | Title: Senator Pete Domenici on Mental Health | 10/10/2008 | See Source »

...vote on the $700 billion rescue plan affect the bill's passage? Were you worried it would get sidelined? I had no concern. The economy is in bad shape in a number of ways, and it may be that we're going to have trouble finding out how to solve it, but at the same time life goes on, you know. Businesses are beginning to know that they have in their employment people who are mentally ill, people who have manic-depression, who have depression, who have schizophrenia, who suffer from alcoholism. And businesses are finding out that they...

Author: /time Magazine | Title: Senator Pete Domenici on Mental Health | 10/10/2008 | See Source »

...Kosovo, where he helped midwife the cease-fire that led to the withdrawal of Serbian troops from the province after the NATO bombing campaign in 1999. He also played a key role when, as the United Nations' special envoy to the former Serbian province, he drew up a plan for its independence. That plan was ultimately vetoed by Russia in the U.N. Security Council. But many of its recommendations for power-sharing and administration are currently being implemented by the new government in Pristina. The Norwegian committee's decision to honor Ahtisaari is, in fact, a clear indication of support...

Author: /time Magazine | Title: Nobel Peace Prize Goes to Finnish Diplomat | 10/10/2008 | See Source »

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