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...Maybe that should be the model now. Within a nearly trillion-dollar stimulus bill there is probably enough that lawmakers agree on to get the kind of bipartisan vote Obama once aimed for: shoring up collapsing infrastructure, extending unemployment benefits, targeted tax cuts and relief - with strings attached - to state and local governments and embattled homeowners. Then take a deep breath, and let's have the debate he promised, the rigorous test of "Do we need this?" and "Can we afford it?", for all the other programs currently marinating in the bill, whether the honeybee subsidy or the Pell grants...

Author: /time Magazine | Title: Obama's First Test: Stimulus Today, Change Tomorrow | 2/1/2009 | See Source »

...There's little hope that the type of shares the government is buying in banks as part of the Troubled Asset Relief Program (TARP) will plug the hole in the banking system's bucket. Paul Miller, an analyst at FBR Capital Markets who has written a number of reports on the capital issues of banks, says the only way to solve the problem is for the government to stop buying preferred shares and start taking direct ownership stakes. Of course, the issue with that approach is that the problem at the banks is so large, Uncle...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

HCGHAC members said they believe this appointment is critical because the U.S. Global AIDS Coordinator is responsible for leading the President’s Emergency Plan for AIDS Relief (PEPFAR), a comprehensive plan to fight HIV/AIDS that is often touted as a major success of the Bush administration...

Author: By Niha S Jain, CRIMSON STAFF WRITER | Title: Students Push Kim for U.S. Office | 1/29/2009 | See Source »

Eight months after the Agriprocessors raid, Postville is still grappling with what its leaders call a "humanitarian and economic disaster," compounded by the recession and a harsh winter. Life isn't much easier for "legal" workers. Inside a faded community hall serving as a relief center are Michael Barner, 47, and Patricia Williams, 41, who moved to Postville last month to work at Agriprocessors but had to leave their jobs soon after because of illness. They have arrived with an eviction notice and are seeking help to return to Dubuque. "We came here. We tried. I got sick. We just...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

...With the conflict unresolved, Israel is pressing for a continuation of the 18-month economic siege imposed on the 1.5 million people of Gaza by Israel, the U.S. and certain European and Arab allies. But John Ging, head of the U.N. Relief and Works Agency, warned of the danger of keeping the crossings into Gaza closed for political reasons. "This isn't about keeping the people of Gaza alive on a drip of medicine and subsistence aid. That allows extremism to ferment in Gaza," he says. Indeed, with few factories left, there are no jobs, no ice cream and plenty...

Author: /time Magazine | Title: The Devastation of Gaza: From Factories to Ice Cream | 1/28/2009 | See Source »

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