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...strength of the three-part rollout is the advantages of one rubbing off on the others. In an example provided by the Treasury for the FDIC part of the plan, an investor could put up $6, get matching investments from the Treasury for another $6, then obtain loan financing of $72 from the FDIC. This would allow the investor to purchase a security with an $84 auction price (and a face value of $100). Again, Geithner did not provide details on the terms of those loans...

Author: /time Magazine | Title: Geithner's Toxic-Asset Plan: Wall Street Finally Cheers | 3/23/2009 | See Source »

Kudos to Kate Mark Harris' agreeable article on Kate Winslet ignores one of her defining cinematic achievements: her first film, Peter Jackson's classic New Zealand epic Heavenly Creatures [March 2]. The strength of this performance, and the manner in which she brought to life the notorious Christchurch schoolgirl Juliet Hulme, was deeply striking. One can only gape in awe at the growth in ability she has shown from such an auspicious beginning. Victor Ochoa, Danville...

Author: /time Magazine | Title: Inbox | 3/23/2009 | See Source »

...hope the group will offer suggestions for ways that creativity should be taught or encouraged in elementary and secondary schools, as well as in universities.“The arts are not in danger… but the arts don’t have the educational importance that the strength in society would suggest they might,” Croft says. “Creativity is a fundamental characteristic of what it means to be a human being…if educational spaces think that this is a frill, that that is something that is not essential to the enterprise...

Author: By Matthew H. Coogan, CONTRIBUTING WRITER | Title: HGSE Group Uncovers Creativity Everywhere | 3/20/2009 | See Source »

...reverberations of electric blares.In an attempt to reshape the genre of noise pop, then, “Wavvves” has removed the essential infectious melodies and beats. In the best of the genre, music emerges from the noise and occasional harmonies clarify overwhelming dissonances. Carefree chaos and defiant strength become nonsensical, not mysterious or intriguing, when nothing stands in contrast. Similar no-fi bands like No Age and Abe Vigoda express in their work an implicit understanding that powerful beats and electronic tones work best in the support of catchy tunes. “Wavvves” only demonstrates...

Author: By Antonia M.R. Peacocke, CONTRIBUTING WRITER | Title: Wavves | 3/20/2009 | See Source »

...last 30 years, arrant Reaganism, had proved itself bankrupt. Reaganism was distinguished by four characteristics--at least, according to its own mythology: the belief that government was "the problem" and so less of it was better, tax-cutting (for the wealthy), deregulation and an insistence on military strength as the primary projection of American authority overseas. These were, in some cases, fantasy attributes: After lowering taxes in 1981, Reagan raised them in 1982 and 1983. In many cases, especially deregulation--I'm talking about you, Lawrence Summers--Democrats were complicit in the excesses. In almost every case, a mild form...

Author: /time Magazine | Title: Joe Klein: Don't Panic — At Least Not Yet | 3/19/2009 | See Source »

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