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...point, Khan was worth some $400 million. With his clandestine income, Khan became a multimillionaire who collected vintage cars and foreign properties. Outside his mansion in Islamabad, he had a jasmine bush trimmed into the shape of a mushroom cloud...

Author: /time Magazine | Title: A.Q. Khan | 2/9/2009 | See Source »

...question, however, is about more than instrumental policy matters. It touches on the very shape of our reproductive health policy. The UN has committed itself to avoiding the use of abortion as birth control. Obama’s sudden shift in policy means that the United States will not follow suit. While it was in effect, the Mexico City Policy helped to shift the global family planning debate away from abortion and toward education and prevention. Various forms of prophylactic birth control—from the rhythm method to chemical contraceptives—are cheaper and safer, and they pose...

Author: By Roger G. Waite | Title: The Road Down from Mexico City | 2/8/2009 | See Source »

...failure of Hope for Homeowners has heightened awareness of the fact that it can be incredibly difficult to shape the behavior of private companies and create an effective fix for such a complicated problem. In December, the Comptroller of the Currency (OCC) and the Office of Thrift Supervision (OTS) issued a report showing that at national banks and federally regulated thrifts, nearly 37% of homeowners were 60 or more days behind on their payments six months after receiving a modification. That re-default problem has received much attention as the national conversation has turned toward the idea of taxpayers standing...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...remarks made in New York, GE (GE) CEO Jeff Immelt said that the economy was in as bad a shape as at any time since the 1974 recession. If it should get worse, he remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression...

Author: /time Magazine | Title: Why the Talk Has Turned to Depression | 2/6/2009 | See Source »

...number of layoffs at companies which are still in relatively good shape raises the question of why the people were hired in the first place. If these jobs had not been open, the employees might have sought work in more stable parts of the economy...

Author: /time Magazine | Title: Who Hired All the People Getting Laid Off? | 2/6/2009 | See Source »

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