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Congress will push the issue of public discussion of sensitive government information, but usually only so far. Geither's brilliance has led him to change the perception of banks from being "too big to fail" into being "too big to be discussed in public." His most impressive statement at yesterday's Oversight Panel cross examination was that the "vast majority" of American banks are well-capitalized. He neglected to mention which financial firms are in trouble. It could be that two of the four largest banks in the US have too much trash on their balance sheets to make...

Author: /time Magazine | Title: Tim Geithner Thumbs His Nose at Congress | 4/22/2009 | See Source »

...think it's more likely to happen here than in the United States," says the Japanese executive. China's car companies are at a technological disadvantage when it comes to making internal-combustion engines, but the playing field for all-electric vehicles is very nearly level. With a concerted push, the Chinese could leap ahead of the rest of the world. Reilly agrees that Beijing means what it says about boosting the technology. For that reason, he says, "we ought to be very serious about our competitors here in China...

Author: /time Magazine | Title: Is the Future of Electric Cars in China? | 4/21/2009 | See Source »

...expire at the end of this year, dealing with the government's ability to monitor the movements of so-called "lone wolves" (suspects who are not tied to a particular organization), handle roving wiretaps and obtain records with minimum court supervision. Congressional Democrats are also likely to push for a review of the Federal Bureau of Investigation's use of so-called "national security letters," which allow the bureau to get information from private organizations without court supervision. And there is mounting concern about the National Security Agency's use of its spying powers on Americans. Just last week...

Author: /time Magazine | Title: Civil-Liberties Advocates Dismayed By Obama's Moves | 4/21/2009 | See Source »

...Impeccable, a Navy surveillance ship that was harassed while cruising 75 nautical miles off the coast of Hainan. Five Chinese vessels surrounded it and tried to snatch its towed array radar from the water. Gates, responding to the incident, said he "didn't think [the Chinese] are trying to push the 7th Fleet out of that area." But hawks, as Thomas Donnelly of the American Enterprise Institute has said, believe "that is precisely what the Chinese would like...

Author: /time Magazine | Title: The Chinese Navy: How Big a Threat to the U.S.? | 4/21/2009 | See Source »

...scrambling to put in place measures that will ease the pain for the newly impoverished. Some 16 billion dollars has been budgeted by the central government for health and education in the coming years, and its chosen method of distributing the money is often those same village committees. "The push is on for rural community development centers that include such things as health care clinics, deciding who qualifies for government relief, conflict resolution centers, libraries, even sometimes a small supermarket," says Liu. "This anticipates the return of the migrant workers so that they will feel they are being taken care...

Author: /time Magazine | Title: More and More, Rural China Is Going to the Polls | 4/21/2009 | See Source »

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