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...While an event like the one I mentioned is unlikely to occur in many parts of America—and perhaps if he lived somewhere else, the black bus driver would be quicker to take legal action for such treatment—there are unfortunately still several regions that linger in the pre-civil-rights era and have certainly not reached a post-racial state...

Author: By Nafees A. Syed | Title: The Post-Racial Myth | 1/28/2009 | See Source »

...spending TARP money to buy up troubled assets. But shortly after the bank rescue fund passed Congress, a flood of economists came out against Paulson's plan. Instead, most policy experts advocated a plan to inject capital into the banks by buying preferred shares. The latter strategy would be quicker to implement and would do a better job of stimulating lending. Britain was instituting a similar plan, and it was already gaining praise. So Paulson balked, and by late October the capital-purchase plan was in place. The original TARP was dead in the water. (See the top 10 financial...

Author: /time Magazine | Title: How to Stop the Banks' Bleeding: No Easy Choices | 1/27/2009 | See Source »

...President Barack Obama were to decide that "change" includes rewriting the United States constitution, he would probably find himself on the curb of Pennsylvania Avenue quicker than you can say Bill of Rights. But for left-wing Latin American Presidents, redoing national charters has become a norm. On Sunday, Bolivia became the most recent nation to be reborn. (See pictures of people around the world watching Obama's Inauguration...

Author: /time Magazine | Title: Bolivia's Revolutionary New Charter | 1/27/2009 | See Source »

...hiring laws to put political buddies in nice jobs and ignoring the will of the legislature by going ahead with expanded health-care programs. The senate has set aside 10 days for the trial, but given that the defendant isn't likely to show up, it could be much quicker...

Author: /time Magazine | Title: The Blagojevich Circus Comes to the State Senate | 1/26/2009 | See Source »

...example, if you want to upgrade infrastructure, there's a big difference between fixing and building. When you fix a road, the dollars you spend reduce your need for future road repairs. When you build a road, you increase your need for future road repairs. Repairs are also quicker to get moving than new construction, and the Federal Highway Administration has calculated that repairs create 9% more jobs per dollar spent. And while repairs eliminate potholes and other problems that cost motorists time and money, new construction tends to produce rural or exurban sprawl roads that promote speculative development, overstretch...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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