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...first formal public defense and explanation of his actions since the dust settled from the financial panic of late September and early October, and Treasury Secretary Henry Paulson had clearly been thinking about it for a while. Normally a believer in brevity, especially at press conferences, he arrived in the Treasury press room Wednesday morning with a 3,500-word speech prepared. He then proceeded to read the whole thing, taking a few big swigs of water along the way, before hoarsely submitting to questions...

Author: /time Magazine | Title: Paulson: Near The Finish Line, And Looking Like It | 11/12/2008 | See Source »

...Lehman Brothers, and the painfully dramatic struggle to get a $700 billion financial bailout bill through Congress, he is a much-diminished figure. He has zigzagged and he has waffled and he has backtracked. His decisions and his motives have been harshly questioned on Capitol Hill and by the press. And he's just tired. He gave off the vibe today that he might just be counting the days until he gets to hand off the whole mess to Larry Summers, Tim Geithner or whoever President-elect Barack Obama chooses to succeed him. (Read more about TARP...

Author: /time Magazine | Title: Paulson: Near The Finish Line, And Looking Like It | 11/12/2008 | See Source »

...Bradley effect? I predict a reverse Bradley effect this go-round. It will be fueled by sweet old ladies who have been voting Republican since Eisenhower and rugged blue-collar workers who were Reagan men but who can't bring themselves to press that button and vote for McCain-Palin. They won't admit it to their friends and family - or the exit-poll people. Margie Shepherd, FREE UNION...

Author: /time Magazine | Title: Battling Election Day Glitches | 11/12/2008 | See Source »

...idea has some prominent backers, including Katyal and former assistant attorney general Jack Goldsmith, who clashed with senior Bush Administration officials over Guantánamo and other issues during his time at the Justice Department. The Associated Press, citing unnamed Obama advisers, reported Monday that the President-elect plans to put forward proposals for a new court to handle some Guantánamo cases. But many legal thinkers disagree with such an approach, arguing that all such cases should be prosecuted in federal courts, which have proven effective in many instances. Also, many argue that new national-security courts would...

Author: /time Magazine | Title: How to Close Guantánamo: A Legal Minefield | 11/11/2008 | See Source »

...turns out, however, that the Bush Administration may well have been right about the Syrian site. Diplomats from the International Atomic Energy Agency (IAEA) told the press on Monday that the U.N. body's inspectors found traces of uranium when they inspected the site in June. Apparently, the amounts weren't large enough to make a definitive conclusion, but the IAEA is putting Syria - which has no publicly declared civilian nuclear program - on the formal agenda for its year-end meeting in late November. Diplomats at the IAEA say the Syrian government, which denies that it was trying to build...

Author: /time Magazine | Title: Was the U.S. Right About Syria Nukes? | 11/11/2008 | See Source »

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