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Because they might have to restart the buying program later? Yes. I think the Fed wonders about this as well. But you have to understand that the Fed's probably under political pressure - such as the hearings for new regulation of the Fed, the growing public unease about the supersized Fed balance sheet, etc. The Fed's expanded balance sheet is not something that I consider to be a problem, but I think the market does - and so the Fed will probably be working in the direction of pulling some of the liquidity out of the marketplace. They...

Author: /time Magazine | Title: Pimco's Bill Gross Sees 2010 as Year of Reckoning | 1/5/2010 | See Source »

...than 2,000 passengers with no food, water or news about what was going on for up to 16 hours. Those people eventually made it out of the tunnel -but nobody else has boarded a Eurostar train between the cities, or to Brussels, since then. Service is due to restart on Tuesday, provided officials can ensure that the trains won't break down in the tunnel again. (See pictures of snow crippling London...

Author: /time Magazine | Title: The Eurostar Breakdown: 'Tis the Season to Be Livid | 12/21/2009 | See Source »

...their fears, Netanyahu's settlement freeze may actually help save the homes of the very people demonstrating against him. Already, the Israeli Prime Minister has used his gesture to blame the deadlock in the peace process on Palestinian Authority President Mahmoud Abbas, who despite U.S. prodding has refused to restart peace talks as long as settlement construction continues in East Jerusalem. (Netanyahu has exempted Jerusalem from his freeze, claiming all of the Holy City as Israel's and refusing to negotiate over its status...

Author: /time Magazine | Title: Protests Mount Against Israel's Settlement Freeze | 12/11/2009 | See Source »

...incident came a week after Pyongyang said it was continuing to produce weapons-grade plutonium and just before an expected U.S. decision to restart talks with Pyongyang, under the auspices of the Chinese, about the North's nuclear program. The combination of the attack and Pyongyang's defiant announcement that it is still reprocessing plutonium may seem like aberrant behavior on what may be the eve of the North's re-engagement with the outside world. But for Pyongyang, it's more like standard operating procedure. "Unpredictable surprises are the strength of North Korea," says Jeung Young-tae, a senior...

Author: /time Magazine | Title: Before Obama's Visit, a New Clash Between Koreas | 11/10/2009 | See Source »

...without the Palestinians either, and that Abbas' willingness to make do with whatever was on offer from Washington until now has made him an increasingly marginal figure among his own people. Even if the U.S. manages, once again, to cajole Abbas into acting against his own better judgment and restart talks, the achievement will be a hollow one because Abbas would be at the table without the support of Fatah, much less of Hamas and the broader Palestinian public...

Author: /time Magazine | Title: Stalemate Looms in Obama's Mideast Peace Effort | 11/3/2009 | See Source »

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