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...After the censure, he made it a big issue to shut down whoever disagrees with him," says Haney. Specifically, the McCain camp recruited former Arizona governor J. Fife Symington III to run for Haney's party position the next year. Haney was incredulous. "They recruited a former governor?" he says. "To run as one of 30 chairmen in the state? The risk he took just brings into question his level-headedness, I guess...

Author: /time Magazine | Title: McCain's Republican Enemies in His Home State | 10/1/2008 | See Source »

...estimates that after this primary, his faction still has the power in the state GOP structure. "We have a right to speak up if we feel our leaders are abandoning principles; we have a right to say no to our leaders. He's telling us to shut up," says Haney...

Author: /time Magazine | Title: McCain's Republican Enemies in His Home State | 10/1/2008 | See Source »

...role of African-American soldiers in World War II. While at work on it, Lee took a swipe at Eastwood over the absence of black soldiers in his historical epics Flags of Our Fathers and Letters from Iwo Jima. The Californian director fired back: "A guy like that should shut his face," to which Lee replied, "The man is not my father, and we're not on a plantation either...

Author: /time Magazine | Title: Spike Lee vs. the Italian Resistance | 10/1/2008 | See Source »

...really likely that we will see the end of the world as we know it? And what, exactly would that Apocalypse look like? Given the existence of the FDIC and the activist stance of the Federal Reserve, it's hard to envision a 1930s-style breakdown in which banks shut their doors and depositors lose all their money. I think the fear is of a situation where lending to both businesses and individuals stops almost completely, which would lead to a pretty sharp downturn. Not nearly as bad the Great Depression, but the worst we've seen since then...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

...That's not all bad, especially now that most of the endangered financial institutions are commercial banks. The Federal Government has clearly defined that authorities take them over, merge them out of existence or shut them down - whereas it had to make things up as it went along with investment banks Bear Stearns and Lehman Brothers and insurer AIG. That's why the demise of giant banks Washington Mutual and Wachovia, arranged over the past week by the FDIC, occurred in a far more orderly fashion than the non-bank meltdowns...

Author: /time Magazine | Title: Without a Bailout Plan, What Will the Cost Be? | 9/29/2008 | See Source »

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