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...least the next year, and perhaps for years after, Treasury's spending authority will make it harder for the next President to fulfill campaign promises and pump money into new priorities. Depending on how Paulson's power is structured, it could even postpone new federal spending on health-care reform or infrastructure improvements, or hasten the need for increased taxes and deep spending cuts. A similar challenge faced incoming President George H.W. Bush in 1989 when his Administration had to oversee a $100 billion cleanup of poorly regulated savings and loans that were weakened or simply crashed after...

Author: /time Magazine | Title: After the Financial Crisis, a Cleanup That Changes Everything | 9/22/2008 | See Source »

Ultimately, however, skeptics say changes in the classroom won't translate to an equal shift in the way real-world business operates. Morici says that Wall Street's compensation structure rewards risky business, and that's at the heart of the problem. "Until the banks are compelled to reform their business practices, training and risk management and ethics at the business-school level isn't going to make a difference," he says. "The business schools train what the banks want...

Author: /time Magazine | Title: Will Business Schools Learn from Wall Street's Crisis? | 9/21/2008 | See Source »

...Kanerwitz criticized the proposal for not going far enough in its suggestions for reform...

Author: By Alexandra perloff-giles, CRIMSON STAFF WRITER | Title: Federal Financial Aid Reforms Proposed | 9/21/2008 | See Source »

Palin has revised and polished her presentation - she no longer pushes some of the more questionable claims about her record as a mayor and governor, such as alleging a consistent opposition to the Bridge to Nowhere. Instead she speaks generally about her commitment to changing Washington and to reform, the latter of which she says will be one of her major areas of responsibility as Vice President, along with energy policy and children with special needs...

Author: /time Magazine | Title: McCain and Palin: Polishing Their Buddy Act | 9/19/2008 | See Source »

...could pose a danger for Palin, since the findings will likely be the same regardless of whether the staffers - or the First Dude - testify. And all she will have accomplished by not cooperating is to have looked evasive, in contrast to her very effective branding as a proponent of reform and transparency in government...

Author: /time Magazine | Title: Todd Palin (Among Others) a No-Show at Troopergate Hearing | 9/19/2008 | See Source »

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