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The rescue of AIG is warping the banking system and unnecessarily extending the credit crisis. This misguided effort stems from a lack of transparency and some basic misconceptions about AIG's business. (Read "Obama's Challenge: Containing the AIG Bonus Outrage.")

Author: /time Magazine | Title: The Case for Letting AIG Fail | 3/16/2009 | See Source »

All of those numbers indicate that the recession is picking up speed. At the same time, the rescue packages which are supposed to help salvage part of this year are starting to get bogged down. Several senators have told President Obama that they do not have the votes to pass...

Author: /time Magazine | Title: Unemployment Picks Up Speed While Bailout Slows | 3/12/2009 | See Source »

The Republicans escaped this trap by saying that the White House was talking about Limbaugh in order to avoid talking about Obama's failure to come up with a financial-rescue plan. But now one Limbaugh controversy has been replaced by another. Instead of squabbling with Democrats about him, Republicans...

Author: /time Magazine | Title: Why Rush Limbaugh Is Good for the Republicans | 3/11/2009 | See Source »

Now 33, she is using her knowledge of the industry to infiltrate trafficking rings across the country. She gathers information about the victims, where they are from, how much they're sold for and who is buying them. Most often she poses as a buyer for overseas clients, a cover...

Author: /time Magazine | Title: Iraq's Unspeakable Crime: Mothers Pimping Daughters | 3/7/2009 | See Source »

The country's plan "should be front-loaded and forceful," said China's central bank governor Zhou Xiaochuan. "If confidence collapses, it's too late for us to react. It takes a long time to recover. We learned this from the experience of other countries." Zhou said he saw some...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

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