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...Like Clay, “The Great Compromiser,” McCain will be remembered for his efforts to reach across party lines in the spirit of doing what is best for the nation, such as when he worked alongside Democratic Sen. Edward M. Kennedy ’54-56 towards immigration reform and wrote the legislation that created the 9/11 Commission with then-Democrat Joe Lieberman...

Author: By Loren Amor | Title: A Contender by Any Name | 11/10/2008 | See Source »

...economy contracted by 2.5% or more, the average price-to-earnings (P/E) ratio of S&P 500 index stocks has dipped to as low as 10 (the long-term average P/E is 21). From where we stand today, stocks must drop quite a bit more before they reach this historical nadir. How far? Based on 2008 corporate-earnings estimates, the average P/E for the S&P 500 index is currently about 17. Factor in earnings estimates for 2009 - S&P analysts are forecasting average per-share earnings will be $48.52 next year, down from about $55 in 2008 - and stocks...

Author: /time Magazine | Title: Looking for the Bottom | 11/6/2008 | See Source »

...Freedom of Choice Act" - a bill that could wipe out many of the inroads conservatives have made into strict interpretation of Roe v. Wade. "I think [the FCA] is a horrible idea," Hunter says. "But it's just a bill in committee," and it would take time to reach the presidential desk. "Circumstances and constituencies evolve, so I'm not sure that a promise he made to a particular constituency some time ago will even be relevant in two years...

Author: /time Magazine | Title: Who Is Joel Hunter, and Why Is Obama Praying with Him? | 11/6/2008 | See Source »

...shorter-range Iskander is brand-new. Its range is some 175 miles (280 km), and can be increased to reach targets not just in Poland, but in the Czech Republic as well. This precision weapon can easily avoid enemy radars and carries a payload of 480 kg. Russia will fit its Iskander arsenal with cluster, blast-fragmentation, penetration, and possibly even, thermobaric warheads. A tactical nuclear warhead could also be an option, though Medvedev pointedly refrained from mentioning that...

Author: /time Magazine | Title: Moscow's Challenge to Obama | 11/6/2008 | See Source »

...conservative movement will have to sit in a circle, hold hands, light some incense and figure out what its members really believe in when it comes to putting their principles into practice. The legacy of a President who vastly expanded the national debt, the size of government and its reach into what was once called private enterprise is likely to haunt his party for a generation to come...

Author: /time Magazine | Title: How Obama Rewrote the Book | 11/5/2008 | See Source »

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