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...currency reserves in Baghdad cannot be touched. But any move by Iraq on international capital markets involves a gamble unlikely to turn out well unless Iraq takes steps to settle the outstanding claims, an issue U.S. officials in Baghdad are stressing when talking to Iraqi policymakers in trying to shore up the nation's finances for 2010 and beyond...

Author: /time Magazine | Title: Iraq a Haven from the Global Financial Crisis — for Now | 2/18/2009 | See Source »

...help. As Governor Blagojevich crudely put it, “a Senate seat is a [expletive] valuable thing, you don’t just give it away for nothing.” Governor Paterson took this lesson to heart; his eventual choice of Sen. Kirsten Gillibrand was designed to shore up his support from upstate New York voters as the 2010 gubernatorial election approaches...

Author: By Anthony P. Dedousis | Title: Amendment, Not Appointment | 2/3/2009 | See Source »

...clear why the loan guarantees are doing so little to shore up confidence in the two banks. Some say it's because investors fear the problems at the banks are larger than the guarantees they received. What's more, both guarantees involve the two banks taking more losses before the government insurance kicks in. In Citigroup's case, the bank will have to swallow $29 billion more in bad loans before it is protected from further losses...

Author: /time Magazine | Title: Will More Loan Guarantees Save the Banks? | 1/31/2009 | See Source »

...least normal - world, the Illinois legislature would convene next Wednesday to ready a budget that is due two weeks later and set to work drafting bills to help the state. On the to-do list: battle the effects of a plummeting economy, bolster schools and the small-business sector, shore up agriculture and deal with a host of environmental issues, from clean coal to protecting Lake Michigan. "Nothing's getting done," says state representative Patricia Bellock, a Republican who sat in on the monthlong process hearings that led to the trial. "Nothing...

Author: /time Magazine | Title: Behind the Blagojevich Mess, a State in Disarray | 1/29/2009 | See Source »

...county if the school district doesn't change its grading system. Talk of a possible exodus killing off businesses and destroying property values sounds a tad melodramatic, but given the tanking market and ongoing credit crunch, it's no wonder people are trying to do everything they can to shore up the local economy. (See pictures of a diverse group of American teens...

Author: /time Magazine | Title: Virginia Parents Fight for Easier Grading Standards | 1/28/2009 | See Source »

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