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Where has the government been? 
 Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II administrations believed in three main things: deregulation, tax cuts that provide little relief for most Americans and government subsidies for huge corporations. John McCain now has a "comprehensive" plan for the economy that begins with firing the chairman of the Securities and Exchange Commission. Yet in September his initial response to this crisis was, once again, to make the Bush tax cuts permanent and to increase Federal Government support for corporate America. Maybe McCain hasn't noticed, but this...

Author: /time Magazine | Title: Recession Redux | 10/7/2008 | See Source »

...Easy Being Green I read your recent article about General Motors' Chevrolet Volt with disbelief [Sept. 29]. There was no acknowledgment that four companies - Aptera, Miles Electric Vehicles, Tesla and Think - plan on bringing fully electric vehicles to the U.S. marketplace before GM does. Alexander Fox, CHARLESTON...

Author: /time Magazine | Title: Recession Redux | 10/7/2008 | See Source »

...Though the report, commissioned by Flier and former SEAS Dean Venkatesh “Venky” Narayanamurti, is by no means a final plan, Flier said that the proposed ideas seem to be “very, very reasonable” and that implementation will likely follow the appointment of a permanent dean of SEAS and approval from the University...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Receives $125 Million for Biological Engineering | 10/7/2008 | See Source »

...Obama's Missouri plan also mirrors his national strategy, McCaskill says. "It's a metaphor for the way Obama sees his job, governing from the bottom up," she says. Renting Main Street storefronts in small-town Missouri and staffing them with paid workers is a way of proving that he can reach out to all walks of American life. No way, no how, Obama's staffers insist, will they do as John Kerry did in 2004, waving the white flag in Missouri a full three weeks before Election Day to pour his resources elsewhere. "We need to make sure...

Author: /time Magazine | Title: Can Obama's Grass-Roots Army Win Missouri? | 10/6/2008 | See Source »

...Elsewhere, French bank BNP-Paribas said it was taking control of the Belgian and Luxembourg assets of finance and insurance group Fortis, less than a week after it was partially nationalized as part of a $16.4 billion rescue plan. The Dutch government had moved on Friday to nationalize fully the group's Dutch assets, including the bank ABN-Amro. As a consequence of its estimated $21 billion move for Fortis, BNP will be the largest commercial bank in Belgium - and the Belgian government becomes BNP's biggest shareholder...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

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