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...Treasury Secretary Henry Paulson made that very clear Thursday afternoon. "This is a private sector initiative to deal with the volume of resets," Paulson said at a press conference following the unveiling of the plan. "You get approximately the same result as if you did it on a case-by-case basis...

Author: /time Magazine | Title: Whom Will the Subprime Plan Help? | 12/7/2007 | See Source »

...Paulson himself acknowledged about the plan, it's "not a silver bullet." And there are lingering concerns that, while the freeze may calm roiled mortgage markets for a time, it may merely delay the inevitable bottoming out of real estate prices. "The sooner we face reality and be done with it the better off we are," said Alan Ziobrowski, a professor of real estate finance at Georgia State University, in a telephone interview. "To drag this out for four, five, six years is just not a help...

Author: /time Magazine | Title: Whom Will the Subprime Plan Help? | 12/7/2007 | See Source »

...court documents do not contain evidence of a specific date or detailed plan. Perhaps the most dire charges are that Shnewer and Dritan and Shain Duka wanted to buy fully automatic guns...

Author: /time Magazine | Title: The Fort Dix Conspiracy | 12/6/2007 | See Source »

That the new U.S. intelligence assessment of Iran's nuclear program has put the kibosh on hawkish calls for a military response has been discussed to death, but there's been very little focus on a second potential casualty: the U.S. plan to base ground-based missile defenses in Poland and the Czech Republic. The plan to station interceptor missiles in Poland and tracking radars in the Czech Republic is regarded warily by citizens of those countries, and with outright hostility by the Russians who see it as aimed at blunting their own missile capability in the event...

Author: /time Magazine | Title: Europe's Missile Shield: NIE Casualty? | 12/6/2007 | See Source »

...Israeli intelligence officials plan to ask Washington for clarifications about the NIE report. "It has many inner contradictions," says one cabinet official involved in intelligence matters. Israeli officials don't want to disagree too openly or publicly with the Americans, but they also don't want world opinion to dismiss the threat of Iran's becoming a nuclear power. Foreign Minister Livni has instructed Israeli embassies to maintain a focus on the menace that she says Iran poses to Israel and the West...

Author: /time Magazine | Title: Iran Assessment Creates an Israeli Headache | 12/6/2007 | See Source »

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