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...pull off that unprecedented Pope-meets-Patriarch summit gets put on the fast track. Benedict sent his best wishes Wednesday, notably long and gushing in his stated desire to move the two Churches closer. "May the Almighty bless your efforts to maintain Communion among the Orthodox Churches and to seek that fullness of Communion which is the goal of Catholic-Orthodox collaboration and dialogue," the Pope wrote. "I assure Your Holiness of my spiritual closeness and of the Catholic Church's commitment to cooperate with the Russian Orthodox Church for an ever clearer witness to the truth of the Christian...

Author: /time Magazine | Title: Will the Pope Meet Russia's New Patriarch? | 1/28/2009 | See Source »

...fairness, Coffee says, Cox and his enforcement officers "were hobbled by commissioners" who wanted pre-approval before SEC enforcement officers could seek penalties. "Nobody wants to get fired for being too aggressive in their investigations," he says. "The agency is demoralized and this could explain the Madoff case...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...gubernatorial exploratory committee, funding it with $1 million from her $8 million federal campaign chest. That move forced major Republican donors to choose sides, and it has sparked a wave of speculation about whether or when she might resign her Senate seat and who would seek to replace...

Author: /time Magazine | Title: Bush Returns to a Divided Texas Republican Party | 1/25/2009 | See Source »

...helpless. As the President, Obama of course can push through regulations of his own, but that can take months, and many of the political appointees who will be manning the responsible federal agencies haven't even been picked yet, never mind confirmed. Environmental groups like the NRDC are already seeking to challenge some Bush regulations in court, and the White House could at least maneuver to suspend - if not yet revoke - the rules while it seeks to overturn them. The Administration could also seek to withhold funding from certain regulations. Last, as part of the Congressional Review Act, which went...

Author: /time Magazine | Title: Obama Cleans Up After Bush | 1/24/2009 | See Source »

This is a fundamental misreading of the U.S.-China economic relationship. The Chinese RMB would go up in value relative to the dollar (exactly what some critics seek) if the Chinese did repatriate more of the money they earn via exports instead of reinvesting those dollars back into Treasuries. But the Chinese, despite some scary stories that have circulated to the contrary, show absolutely no sign of doing that. In November, the last month for which data is available, Beijing actually added $29 billion to its overall position in U.S. debt. (Beijing sold $9.2 billion of long-term U.S. Treasuries...

Author: /time Magazine | Title: Behind Geithner's China-Currency Charge | 1/23/2009 | See Source »

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