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...access to information on where their tax dollars are going and what the benefits are for the economy. There is , however, no place for people to go to see the entire "portfolio" of US government investments with expectations of what they will yield and when. It is easy to say that predictions for individual companies across such a broad spectrum of industries are impossible. When the Treasury or Fed put capital into individual companies or into the purchase of securities in the open market, they use internal models for what they expect in returns. That is the only...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

...have heard us say, this approach will most likely involve the restructuring or reshaping of some of our academic programs. Change is difficult, even when the goal is clear, and to successfully overcome the challenge before us, our entire community—the faculty, staff, and students—will need to work together and trust that each has the best in mind for our community...

Author: By Allan M. Brandt, Evelynn M. Hammonds, and Michael D. Smith | Title: Our Plans for the Future | 5/21/2009 | See Source »

Axelrod, however, argues the opposite. "I would say the last three weeks have demonstrated the perils of such a thing," he told TIME this week, "because what you have seen is Cheney and the authors of the old policy trying desperately to justify what they did, and then you have seen people who are enraged by Cheney and the old policies who want to relitigate the whole matter. And all of a sudden you are in the old time machine headed backwards. And that's not useful." (Read a story about how the waterboarding controversy is drowning Pelosi...

Author: /time Magazine | Title: Obama: Still Opposed to Truth Commission | 5/21/2009 | See Source »

Axelrod points out that the Obama Administration has no vested interest in holding back an inquiry. "Obviously this is a look-back that doesn't relate to stuff that we did but stuff that the last Administration did. So it's not a self-interested decision to say we want to look forward and not back. But it really is ... what the President thinks is best for the country." (See pictures of Pelosi throughout her career...

Author: /time Magazine | Title: Obama: Still Opposed to Truth Commission | 5/21/2009 | See Source »

There are now slow-moving inquiries by the Senate judicial and intelligence committees as well as Representative John Conyers' proposal for an investigative commission with subpoena power, currently being considered by the House Armed Services Committee. Meanwhile, Leahy's staffers say the Senator is trying to build bipartisan support for a commission. But he's had little support from Republicans, and the congressional recess will likely slow his efforts. The break may have the same effect on Republican calls - from former Speaker Newt Gingrich to Representative Pete Hoekstra - for investigations into Pelosi's claims...

Author: /time Magazine | Title: Obama: Still Opposed to Truth Commission | 5/21/2009 | See Source »

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