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...include satellite tracking of relief vehicles and specialized reconnaissance teams. In the face of the deep institutional problems, however, these solutions are far from panaceas. As the recent hurricanes have illustrated, a full three years after “Katrinagate,” FEMA has failed to address the root causes of its problems.FEMA remains under the auspices of the Department of Homeland Security: a subordinacy that has placed the goal of protection against terrorist attacks far above that of disaster relief. Monetary backing for FEMA’s national response teams, which constitute its primary line of offense...

Author: By The Crimson Staff | Title: A Lesson Learned? | 9/16/2008 | See Source »

...root cause of all this trouble is pretty simple. Banks and Wall Street firms made trillions of dollars in loans they shouldn't have - chiefly subprime home mortgage loans. Now they're having to write off the losses, and some of them no longer have enough capital (money available to cover losses) to get by. Complicating matters for both outsiders and Wall Streeters is the alphabet soup of derivative securities (CDOs and CDSs in particular) that now trade in far greater volumes than stocks. It's the interaction of derivatives markets, debt markets and the housing market that has proved...

Author: /time Magazine | Title: Financial Meltdowns: How Big a Blow? | 9/15/2008 | See Source »

...Sure, this was a principled restatement of the E.U.'s belief in the rule of law. But more than anything it was a sobering reminder of how little the European Union can do to enforce its wishes against an unreasonable and powerful adversary, and a far cry from the "root and branch" review of Europe's relations with Russia that British Prime Minister Gordon Brown had called for on the eve of the summit...

Author: /time Magazine | Title: Russia: In Search Of Unity | 9/4/2008 | See Source »

Maybe that means Palin is a little too much Northern Exposure for America - after all, her father's good friend Curt Menard happily showed me a picture of the governor as a high schooler in 1981, in a root cellar with family and friends, helping skin and cube and cure a whole moose. It's enough to make you almost miss fake hunters like John Kerry and Mitt Romney...

Author: /time Magazine | Title: In Wasilla, Pregnancy Was No Secret | 9/1/2008 | See Source »

With instant online access to politicians' voting records, policy positions and statements, voters have access to more information than ever about their presidential candidates. So, it would appear that record numbers of Americans will use the Web to root out the information they need before drawing the election-booth curtain this November...

Author: /time Magazine | Title: The Web's Word: Obama Is Not the Antichrist | 8/29/2008 | See Source »

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