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...quietly challenging the government's plan to close it down for three months now. The Administration has now sent its car experts to Detroit, and they have said that a bankruptcy of either GM or Chrysler is undesirable. They did not elaborate much on this analysis, but, from the standpoint of the car companies, they do not need to. It is enough that the blue chip analysts sent by the President to evaluate the car companies have a belief system that matches the one in The Motor City. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: General Motors Checkmates Obama in Two Moves | 3/18/2009 | See Source »

Might there be a different, less intrusive course for the Church? Yes: clarify the Pelosi statement by continuing to observe the difference between a jurist and a legislator. That may be awkward from the standpoint of the unyielding lines of moral rather than political principle, but it has the merit of following the instruction of St. Thomas Aquinas, who argued that "all should have some part in the government; for in this way peace is preserved among the people, and all are pleased with such a disposition of things and maintain...

Author: /time Magazine | Title: Catholic Judges and Abortion: Did the Pope Set New Rules? | 2/20/2009 | See Source »

...economics behind both deals is clear enough - and are so compelling from China's standpoint that there are likely more to come. Both Rio and Oz Minerals have been crushed by the global recession's effect on demand for what they produce. Both have seen their value plunge as a result, and now labor under enormous debt burdens. Rio's stock price peaked at $552 a share last spring, then fell to a 52 week low of $55. The stock last traded at $112 on the New York Stock exchange. Oz Mineral's stock price hit AU$0.55 when trading...

Author: /time Magazine | Title: China Buys Australia On the Cheap | 2/17/2009 | See Source »

...firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing banking to nationalizing the home lending system. The government could decide to apply the same principles to consumer credit loans...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...worried at all that this pitcher-teacher is so miserable that he might turn people off? Why are so many of your characters so miserable? Creatively, I'm coming at these things from the standpoint that there are already so many stories about the good guys who are morally correct. I like trying to get my head around a character that's hard to swallow - someone who forces you to search your soul to understand what you're vibing on, and why you care about them. And with the TV show, we wanted to go against the standard sitcom, where...

Author: /time Magazine | Title: Danny McBride | 2/12/2009 | See Source »

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