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...powers of market stabilization the Federal Reserve has used to calm the waters since the collapse of Bear Stearns in March. It establishes an authority with control over financial institutions' behavior but leaves open just how much power it would have to enforce standards. It would split the SEC's regulatory power between that new group and another authority focused on non-finance corporations that would have no new powers...

Author: /time Magazine | Title: The Politics of Paulson's Proposal | 3/31/2008 | See Source »

...heart of all this strategy was simple math: with a 16-to-9 split there was no way the Obama supporters could sweep all four state convention slots (two delegates and two alternates). Each side nominated several candidates for the state convention slots, then each precinct delegate had one vote. The two top winners would serve as the delegates, with the third- and fourth-place winners named as alternates if either of the delegates could not attend the June state convention. The Clintonites' goal was to nail down one of the two main delegates...

Author: /time Magazine | Title: Fighting for Every Texas Delegate | 3/31/2008 | See Source »

...President Robert Mugabe in this weekend's general election. Holding its breath because elections in Zimbabwe are not normal elections. By the time initial official results were announced in an early morning broadcast on Monday, the Electoral Commission said the parliamentary seats that had been counted so far were split between the M.D.C. and Mugabe's ruling party. The M.D.C. are claiming that they're leading with 60% of the votes compared to 30% for Mugabe. Reporters were told by the M.D.C. on Monday that this gave them 96 seats in the House of Assembly. A party official said...

Author: /time Magazine | Title: A Zimbabwe Shock: Mugabe Losing? | 3/30/2008 | See Source »

...Arguably, though, the sheer engineering ingenuity of the F1 teams has diminished the sport's appeal. All 11 teams contesting the championship this year have produced machines of amazing quality. And all F1's pilots possess extraordinary gifts, not least the ability to make split-second decisions on steering, gear changes and strategy under the most trying conditions. But sport at the highest level is about separating the great from the really good, and some engineering advances have muddied the process. Part of all cars' armory from 2002-'07 was traction control, an electronic aid that kicks in when...

Author: /time Magazine | Title: Showing Their Metal | 3/27/2008 | See Source »

...Americans swept into Japan and swept out. Two capacity games on two consecutive nights (44,628 on Tuesday and 44,735 on Wednesday) thrilled the baseball-mad locals as the Boston Red Sox and the Oakland A's split their season openers in Tokyo, the third time Major League Baseball (MLB), the U.S. sports association, has staged such an event in the last eight years. When the second game (which the A's took 5-1) was over at 9:51 p.m., the two teams, barely recovered from jet lag from the trip over, hopped a bus for nearby Haneda...

Author: /time Magazine | Title: Baseball in Japan: Not All Cheers | 3/27/2008 | See Source »

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