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...devoted no live airtime to the speech, which Obama delivered at Michigan's Macomb Community College, while MSNBC cut back to the Sotomayor confirmation hearings partway through. The fear of eyeballs glazing over isn't surprising: glamorous these trade schools are not. But there's a good reason why Obama calls community colleges "one of America's underappreciated assets." They set up their alumni for about a 30% earnings premium compared to high school grads, give a 16% return on every dollar state and local governments invest in them and are one of the best tools we have to pull...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

Distancing the agency from a project with Cheney's fingerprints was politically astute. "As a good politician, Panetta probably knew that [Cheney's involvement] was precisely the reason we should get nervous about it," says Paul Pillar, a former deputy director of the CIA's Counterterrorist Center...

Author: /time Magazine | Title: Should Panetta Have Disclosed the CIA Secret Program? | 7/15/2009 | See Source »

Most lawyers know well Aristotle's famous phrase: The law is reason free from passion. This is the crux of the debate about what kind of Supreme Court Justice Sonia Sotomayor would make: that judges should rule not from passion or personal bias but with reason and precedent. As she attempts to be confirmed, Sotomayor's greatest asset has proved to be her methodical demeanor, making the hearings reasonably free of passion, and her future, it would seem, free of much doubt...

Author: /time Magazine | Title: Sotomayor Keeps Her Cool on the Senate Hot Seat | 7/15/2009 | See Source »

...chief reason that small, private enterprises have such difficulty is that China does not have a well-established system of credit ratings. "Banks are geared to lending to very big companies that are very easy to understand," says Spelich. "Lending to a company that has maybe five employees is not an intuitive thing." Banks consider small businesses poor loan candidates because they have shorter life cycles, often keep spotty financial records and lack significant property or other forms of collateral, says Du, the Chinese Academy of Social Sciences deputy director. Lending to a state-owned enterprise comes with at least...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...surprised that the real-world home of Borat, the idiot-innocent Kazak main character, decided to ban the film as a matter of pride. But now censors in Ukraine are giving his latest film, Brüno, the same no-show treatment, claiming morality - not hurt feelings - as the reason...

Author: /time Magazine | Title: No Sex, Please: Ukraine Bans Brüno | 7/15/2009 | See Source »

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