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...sponging up of all these toxic assets takes the discussion back around to what the government gets in return for such colossal aid. The largest American banks had market capitalizations of as much as $300 billion each two years ago. The purchase of bad assets when stock values were at those levels would have kept shareholder dilution at a reasonable level. The government would have gotten shares for taking the junk off bank books and putting it into its new "bad bank" agency...

Author: /time Magazine | Title: Building A $1 Trillion "Bad Bank" | 1/17/2009 | See Source »

...real sugarcane, a yummy, juicy product of the tropics. Sitting amid painted murals on stucco walls and brightly lit palm trees, it's cake to forget the winter and be whisked away to a white, sandy beach under the beaming sun. In the event of one too many mojitos, return for brunch at 10:30 a.m. to soak up the leftover rum. Here, at this family-owned place, everybody is a friend. Rest dancing feet at the hookah spots just around the corner...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

...Mass incarceration is not making us safer, but less so. It is nearly impossible for people with criminal records to get jobs, so they often return to crime in order to support themselves and their families. Sixty percent of former offenders recidivate (commit another crime) within 3 years of their release from prison. One in 10 black children have a parent in prison; one in three black children whose parents have no gone to college will lose a parent to prison by the time they are 14. The unemployment rate for black men is estimated between...

Author: By Rachel M Singh | Title: Mass Incarcerations Causing Massive Problems | 1/16/2009 | See Source »

...words: "As the years passed, most Americans were able to return to life much as it had been before 9/11. But I never...

Author: /time Magazine | Title: Bush's Closing Argument: Was Anybody Listening? | 1/16/2009 | See Source »

...Return. The countdown to tax day has begun. To ease your inevitable pain, the San Francisco-based hotel chain Joie de Vivre will pay guests' occupancy taxes at any of its 30 hotels in California through April...

Author: /time Magazine | Title: Best Deals and Destinations | 1/16/2009 | See Source »

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