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...completely out of the woods even if they do force banks to sell their toxic assets. Some banks may be so deeply in debt that even the proceeds from the sales won't be enough to fill their capital needs. In that case, the stress tests may prove useful in another way. Geithner has only about $35 billion of TARP money left to plug the remaining holes for the 19 largest banks. After that, he has to go back to Congress for more money - at which point he'll need the stress tests to convince bailout-weary Representatives to shell...

Author: /time Magazine | Title: Banks Balk at Selling Toxic Assets | 4/16/2009 | See Source »

...Press publishes about 200 manuscripts a year. Standards are high. Representatives of the press often scour academic conventions for the newest and freshest ideas. The nine acquisition editors follow scholars whose work might one day prove promising. Each is an expert in his or her field...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: A Pressing Situation for Books | 4/15/2009 | See Source »

...makes, so long as the U.S. does the same by providing the benefits it promises up front. There are many people, including some former members of the Bush Administration, who think this is delusional. But count on this: Obama is going to give those diplomats a chance to prove whether they're right...

Author: /time Magazine | Title: Why the U.S. Should Talk to North Korea | 4/15/2009 | See Source »

...that some co-defendants as well as a host of other politically connected officials are reportedly lining up to cooperate with the government. Still, Blagojevich maintained to reporters after Tuesday's hearing, "I did not let the people of Illinois down. That is the beginning of me trying to prove my innocence and clear my name and be vindicated of what are inaccurate allegations." If found guilty of the 16 criminal counts against him, Blagojevich could face up to 20 years in prison and fines in the hundreds of thousands of dollars...

Author: /time Magazine | Title: As Blagojevich Pleads Not Guilty, Some Prosecution Moves Are Questioned | 4/14/2009 | See Source »

...British resident Binyam Mohamed by U.S. personnel. This apparent censorship is anticipated by Stafford Smith in the letter. "You should be aware of the bizarre reality of the process under which we operate: That you, as Commander-in-Chief, are being denied access to material that would help prove that crimes have been committed by U.S. personnel," he wrote to Obama. The irony, Stafford Smith tells TIME, "is that the U.S. government is covering up evidence of torture and somehow they see fit to prosecute me for not revealing the evidence of torture...

Author: /time Magazine | Title: Will the U.S. Help Britain with Its Terror Probe? | 4/14/2009 | See Source »

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