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...stimulus package, which could possibly be dealt with during the congressional "lame duck" session following the election - and faces longer odds in the Senate - could pour up to $150 billion into the economy in the form of massive construction projects, grants to states and additional aid for food stamps and unemployment benefits. Some are calling it "Plan C," coming in the wake of "Plan A" - the Wall Street rescue package - and "Plan B," the effort now underway to recapitalize ailing banks and get credit, the lifeblood of economic health, flowing again. Both of those plans are to be funded...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

...Pentagon, the Pension Benefit Guaranty Corp. and all the rest - was shut down. "Even a holiday of such importance could not stand in the way of our coming together here in Washington to deal with the financial crisis that is facing our country," Pelosi said after the Capitol session. FDR would certainly understand: he proclaimed the first Columbus Day in 1934, in the depths of the Great Depression...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

...move to further stabilize the U.S. finance market prodded rising European indices to move still higher Tuesday afternoon, with both Paris' CAC 40 and Frankfurt's Dax up 4.5% and London's FTSE 100 up 4.9%. The trio boomed with 11.2%, 11.4% and 8.8% surges respectively during the previous session...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

...first we get hints that Stone is up to his nifty old tricks. It's a hazing session of Yale's Delta Kappa Epsilon fraternity, where the forced guzzling of whiskey is the gentleman scholar's equivalent of waterboarding. The other pledges are frightened, but Dubya (Josh Brolin, who's game but not great) impresses his brothers by not only rattling off their names but also appending a goofy nickname to each. In two lightning strokes, W. provides a reference point for the Bush Administration's interrogation techniques of terrorist suspects and imagines an early example of Bush's frat...

Author: /time Magazine | Title: Oliver Stone's Verdict on George W. | 10/13/2008 | See Source »

...that McCain has made it any easier for himself. Over the weekend, the Republican nominee convened an economic strategy session after last week's attempt to paint Democrat Barack Obama as a pal of terrorists largely fizzled. But nothing new came out of the event. And so what was billed as the candidate's big relaunching was, in terms of substance, a collection of things McCain has been saying already - but this time said in a really gloomy, harrowing...

Author: /time Magazine | Title: McCain and Obama: A Fresh Start, a Fresh Economic Plan | 10/13/2008 | See Source »

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