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...whose job would that be? Well, it's your job, U.S. taxpayers! If this seems unfair, that's because it is. Mortgage brokers, investment bankers, house flippers and other sharpies got rich causing this mess. Now all of us have to pay to fix it. The one possible bright side is that, if done right, bailouts don't ultimately have to cost a lot of money. If the government buys assets when everybody's panicked and sells them when markets have calmed down again, it could even turn a profit...

Author: /time Magazine | Title: Washington Prepares the Mother of All Bailouts | 9/19/2008 | See Source »

...replaced by Gilmour, the cohesiveness at the core was never quite the same. Waters seized creative control and reportedly threatened not to release 1979's The Wall unless Wright quit; he did, although he eventually came back to the band he loved. Even though Wright was happiest at the side of the stage, it offended his principles that Waters demanded the center. At one point, the two went 14 years without speaking...

Author: /time Magazine | Title: Richard Wright | 9/18/2008 | See Source »

...rough-and-tumble of Chicago politics, even if he did outfox the Clinton machine, even if he is the first black man to win a party nomination. They worry that he's trying to run out the clock, as if the disasters caused by eight years of supply-side economics and neoconservative geopolitics were so obvious that he could simply coast to victory on a massive get-out-the-vote operation and the collective wisdom of the American people. But many Americans don't know much about John McCain beyond his heroism in Vietnam, so Democrats want Obama to cast...

Author: /time Magazine | Title: Where's the Fire? | 9/18/2008 | See Source »

...even greater bravery, she called it a night.If Lily’s story sounds familiar, even cheesy, well, it should: her narrative is so familiar that even the least jaded among us are wont to feel a bit of schadenfreude when they pass the Lilys of their towns sporting side-swept bangs and Dashboard Confessional hoodies. In America, at least, the concept of rebellion as inevitable is not experienced by most as a phenomenon, but rather as a cliché. This practice of outwardly expressing anger is viewed as common for the simple reason that it is a feeling that...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Rock and Rebellion in Shanghai | 9/18/2008 | See Source »

...says he was taken aback by the attack. "The Mike Mullen visit was very nice and he was very understanding," Mukhtar says. "And now these air strikes have come as a surprise. There is no understanding that the air strikes should happen from the U.S. Whatever is on our side of the border, we will deal with. There is anxiety in the country, and the situation here was meant to be resolved...

Author: /time Magazine | Title: Pakistan vs. US Raids: How Bad a Rift? | 9/18/2008 | See Source »

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