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...diced" concoctions - made up of pieces of literally thousands of mortgages created and peddled and pushed together by Wall Street - the soundness of the underlying loans will prove difficult to ascertain. Many members of Congress want to make sure the government pays fire-sale prices for the assets to protect taxpayers from a big loss, but Federal Reserve Chairman Ben Bernanke has said that too low a price could hamper the plan's effectiveness at stabilizing the markets...

Author: /time Magazine | Title: 7 Questions About the $700 Billion Bailout | 9/24/2008 | See Source »

...cross into Pakistan were repelled by gunfire from Pakistani troops and local tribesmen. An earlier ground assault in a remote village in South Waziristan had allegedly killed up to 20 civilians, and it sparked a chorus of criticism led by army chief General Ashfaq Kayani, who vowed to protect Pakistan's borders "at all costs...

Author: /time Magazine | Title: Zardari Tries to Keep His Distance from US | 9/24/2008 | See Source »

Neighboring residents have mobilized to protest the plan in order to protect their neighborhood that was constructed during the Garden City Movement...

Author: By Hee kwon Seo, CRIMSON STAFF WRITER | Title: City To Contribute $175,000 to Shady Hill | 9/23/2008 | See Source »

...Kirbati has become a victim of environmental degradation, though it emits little in terms of carbon dioxide, the country has taken strong measures to protect the environment in the face of a paucity of resources and money. This year, Tong’s administration created the world’s largest marine reserve—400,000 square miles in size—that oceanography professor James J. McCarthy, an expert on climate change, called a “remarkable gift to the world...

Author: By Natasha S. Whitney, CRIMSON STAFF WRITER | Title: Kiribati Leader Cites Toll of Climate Change | 9/23/2008 | See Source »

...inquest marks the first public scrutiny of a "shoot-to-kill" tactic, which London police have maintained was the only way to protect citizens from a suicide bomber. If Judge Wright recommends changes to police procedure, the police will have 56 days to act on them. The proceedings will also be the first time accounts from Tube passengers will be publicly juxtaposed with those of the shooters. The police in question have testified previously that they shouted "armed police" prior to shooting; 17 witnesses have denied this...

Author: /time Magazine | Title: Inquiry Opens into London Police Shooting | 9/22/2008 | See Source »

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