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...truth is, insuring against future catastrophe is hardly a foolish idea. Putting away at least some of the funds raised in the U.K. or U.S. makes sense. After all, almost all the big lenders who received cash from the U.S. Troubled Asset Relief Program in the current economic downturn have since paid it back. Britain's government, meanwhile, could yet turn a profit by selling stakes in its own partially nationalized lenders. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...looming expiration of two major federal programs - the home-buyer tax-credit initiative and the Federal Reserve's $1.25 trillion mortgage-securities-purchase program - likely won't wipe out the recovery currently under way in the battered housing sector, but it could stall it, experts...

Author: /time Magazine | Title: Get Ready for a Painful 'Hockey Stick' Housing Recovery | 3/26/2010 | See Source »

...even as lawmakers were fretting on Wednesday that the F-35's troubles spelled risk to U.S. security, Gates urged them to keep cool. He said he had expanded the development period by an additional 13 months and thrown in nearly $3 billion more for the testing program (which completed only 16 of 168 flights slated for 2009). He also slowed production of the plane. Gates insisted that while the program's management had been poor, its technology was sound. "It will become," he said, "the backbone of U.S. air combat for the next generation...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...constitution, we have to be extra cautious, because this is a first for China." Ensuring that the female astronauts have already reproduced, he said, will guarantee that their family planning is not disrupted. But at least one authority, Zhang Jianqi, former deputy commander of the country's manned space program, has stated that the requirement stands because married women are more physically and psychologically mature. (See pictures of women in space...

Author: /time Magazine | Title: China's Female Astronauts: Must Be a Married Mom | 3/25/2010 | See Source »

...smelling breath or a cavity-free dental X-ray. "Chinese culture defines women by their maternity," says Cai Yiping, executive director of the women's-rights NGO Isis International. "The perfect woman should be married with a child. Preferably a son. But I don't know if the space program has put that part in their requirements...

Author: /time Magazine | Title: China's Female Astronauts: Must Be a Married Mom | 3/25/2010 | See Source »

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