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...bank sector, but there was bad news on another front that could undermine the surge. The second round of the Federal Reserve's attempt to restart the nonbank consumer-lending market, the so-called TALF program, went even worse than the faltering first round did last month. The poor performance is causing some Fed officials to doubt the entire premise of the effort to restart nonbank credit markets. "We know there are people out there interested in putting subscriptions together," says a Fed official, "but the larger question is, Where is the market [for them...

Author: /time Magazine | Title: Still Few Buyers in Fed's Effort to Restart Lending | 4/9/2009 | See Source »

...appropriate that we recognize that we Africans have been made poor by bad leadership, across the continent,” Nduom said...

Author: By Teresa M. Cotsirilos, CONTRIBUTING WRITER | Title: Former Ghanaian Presidential Candidate Lambasts African Leadership | 4/9/2009 | See Source »

...well-known Ukrainian rabbi named Solomon Kluger published an angry manifesto against machine-made matzo, while his brother-in-law, Rabbi Joseph Saul Nathanson, published a defense. Jewish communities around the world weighed in on the issue - arguing that handmade matzo provided kneading jobs for the poor; that the machine made matzo cheap enough that poor people could afford it; that the mitzvah, or good deed, of eating matzo was ruined if a machine was used; that the machine made it easier to abide by the 18-minute rule. These discussions were not resolved quickly - and in some Orthodox communities...

Author: /time Magazine | Title: So You Think You Know Matzo? | 4/9/2009 | See Source »

...China could once boast of great strides in public health during the Maoist era. Through focusing on primary care and prevention, China was able to control widespread diseases such as malaria and schistosomiasis. Although China remained poor and lacked the top-flight facilities of developed nations, it was able to raise life expectancy from...

Author: /time Magazine | Title: China's New Healthcare Could Cover Millions More | 4/9/2009 | See Source »

...really that simple? Afghans like Khan say only a small fraction of the insurgency consists of hardened jihadis willing to fight to the death; the rest are ordinary, poor villagers who simply haven't been given a better option. Khan estimates that the insurgents earn from $100 to $200 a month, money that comes from the illegal trade in lumber. Similarly, analysts in Afghanistan's south, where U.S. and coalition forces are fighting an insurgency funded by the opium trade, argue that the U.S. policy of poppy eradication has only fueled the fighting by eliminating income without providing an alternative...

Author: /time Magazine | Title: The U.S. in Afghanistan: The Longest War | 4/8/2009 | See Source »

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