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...bill passed, and Thursday's reception in the House shows he has a rough road ahead. The committee's ranking Republican Spencer Bachus of Alabama attacked the bill for a lack of transparency, saying he opposed plans to keep secret which banks were subject to the new powers sought by the Administration. A top committee Democrat, Paul Kanjorski of Pennsylvania, said he feared the bill's accumulation of executive-branch power. Regulators are also sniping. At Thursday's hearing in the House, Federal Deposit Insurance Corporation chair Sheila Bair said the Administration's plan didn't give enough power...

Author: /time Magazine | Title: Geithner Leads a Fresh Charge on Financial Reform | 10/30/2009 | See Source »

...addition, a strategy that emphasizes unrestricted gifts may not have staying power in the long-run, philanthropy expert Kathleen D. McCarthy said, given that soliciting unrestricted or current use funds tends to be more difficult when the urgency of raising money to maintain core activities dissipates...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Harvard To Seek Flexible Funding | 10/30/2009 | See Source »

...Though midterm elections tend to be referendums about the party in power, Republicans know that if they have any shot at regaining the majority, they have to give voters a reason to pull the lever for them. Most observers who track congressional races predict Democratic losses of 20 seats or more, and the latest generic matchups by Rasmussen polls show Republicans leading Democrats 42% to 38%. Still, Democrats control the House by a margin of 40 seats, so taking back the House would require a pretty major wave of discontent over the next year. And while polls show that Americans...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

...enriched uranium (some three-quarters of the stockpile that was enriched at its Natanz facility) to Russia by the end of this year. There it would be enriched to a higher grade and converted into fuel plates in France, after which it would be shipped back to Iran to power the Tehran medical research reactor. Western governments, which fear that Iran has already stockpiled enough enriched uranium to be reprocessed into a single bomb, like that the deal would remove most of Tehran's stockpile and return it in a state difficult for Iran to weaponize. Though there...

Author: /time Magazine | Title: Behind Iran's Response on the Nuclear Deal | 10/29/2009 | See Source »

...McDonald's had grown to 31,967 locations in 118 countries. Of those, only about 14,000, or 45%, were in the U.S. With 58 million daily customers worldwide, McDonald's are now so ubiquitous around the globe that The Economist publishes a global ranking of currencies' purchasing power based on the prices charged at the local Mickey D's, dubbed the Big Mac Index. That's not to say that every nation carries the same menu items: choices vary widely depending on location. The biggest seller in France after the Big Mac is a mustard-topped burger called...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

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