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...sure to rankle lawmakers already unhappy with the way the Treasury has handled the first stage of the $700 billion financial-rescue plan. In a hearing on Wednesday, members of the House Financial Services Committee said the Treasury has not done enough to slow foreclosures, increase bank lending or protect taxpayers' money. Lawmakers questioned Assistant Treasury Secretary Neel Kashkari on why his agency had not yet hired an outside firm to help manage its investments. They also wanted to know whether the Treasury Department had set a limit on executive compensation at the firms in which Treasury has invested, which...

Author: /time Magazine | Title: Treasury Investments Already $16 Billion in the Red | 12/11/2008 | See Source »

...Emotions are a result of evolution: they cause organisms to act in ways that enable their survival. Jealousy, for instance, improves an animal's chance of survival by motivating it to protect its mates and secure alliances for safety. Historically, science has separated emotions into two categories: primary and secondary. Primary emotions such as fear and anger are considered universal, while it's thought that secondary emotions such as envy, jealousy and guilt require more complex cognitive processes. Of envy, Range says, "It's not a very simple emotion. You actually have to pay attention to what the other [animal...

Author: /time Magazine | Title: Covetous Canines: Why Dogs Get Jealous | 12/11/2008 | See Source »

...fell into a summer engineering internship at Chrysler, and never left. Newash still bridles at the problems of Arab assimilation in America. "We're labeled terrorists." But, he says, the car companies were very fair, even encouraging, to new immigrants. In fact, some employers went as far as to protect them. "When the FBI was rooting out Palestinian 'activists' during the Nixon era, they were seeking me out for no reason," Newash states. "They followed my children down the street and even called my boss at Chrysler for information about me. He absolutely refused to cooperate with them. The company...

Author: /time Magazine | Title: The Auto Industry's Forgotten Legacy: Diversity | 12/11/2008 | See Source »

...there are signs that the fragile new government of President Asif Ali Zardari may be more cooperative. Still, the Pakistani intelligence service helped create the Taliban and other Islamic extremist groups - including the terrorists who attacked Mumbai - as a way of keeping India at bay, and Pakistan continues to protect the Afghan Taliban in Quetta. In his initial statements, Obama has seemed more sophisticated about Afghanistan than Bush. In an interview with me in late October, Obama said Afghanistan should be seen as part of a regional problem, and he suggested that he might dispatch a special envoy, perhaps Bill...

Author: /time Magazine | Title: The Aimless War: Why Are We in Afghanistan? | 12/11/2008 | See Source »

...there are signs that the fragile new government of President Asif Ali Zardari may be more cooperative. Still, the Pakistani intelligence service helped create the Taliban and other Islamic extremist groups - including the terrorists who attacked Mumbai - as a way of keeping India at bay, and Pakistan continues to protect the Afghan Taliban in Quetta. In his initial statements, Obama has seemed more sophisticated about Afghanistan than Bush. In an interview with me in late October, Obama said Afghanistan should be seen as part of a regional problem, and he suggested that he might dispatch a special envoy, perhaps Bill...

Author: /time Magazine | Title: The Aimless War | 12/10/2008 | See Source »

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