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...there are strong arguments to thwart the doubters. Toxic assets may never be worth close to the government's purchase price. The most serious problem is that taxpayers may never see any return at all on that capital. That case cannot be made about land. Keeping up property owned by the government is employment worth creating because it hastens the time that the property can be viewed as valuable and salable. The federal government plans to rebuild monuments in Washington at an estimated cost of $400 million. This money might be better spent on maintaining real estate bought as part...

Author: /time Magazine | Title: Memo To Congress: "Buy Land, They Ain't Making Any More Of It" | 1/28/2009 | See Source »

...matter how strong the objection to the government buying property is, one case in its favor is irrefutable. Eventually, the taxpayer can get his money back and may actually earn a profit...

Author: /time Magazine | Title: Memo To Congress: "Buy Land, They Ain't Making Any More Of It" | 1/28/2009 | See Source »

...specific amount on the aid offer. But together with the Obama Administration's naming of Todd Stern as its special envoy for climate change, and with Gore's appearance on Capitol Hill, change has already come to the long-deadlocked global talks on warming. "This is a strong signal that Obama is ready to engage," says Jake Schmidt, international climate policy director for the Natural Resources Defense Council. "They're set to take off like a rocket...

Author: /time Magazine | Title: Gore in the Senate: A More Receptive Audience Now | 1/28/2009 | See Source »

...freshman Shelby MacLeod, junior Anna Podolsky, and junior co-captain Arielle Pensler—who fenced for the first time this season, returning from injury—posted a 9-0 drubbing of a solid St. John’s team and a big 5-4 win over a strong Buckeye squad. “I felt stronger about our women’s chances, and really it always comes down to the foil squad,” Brand said. “We have a really solid foil squad, and they just came through for us big time?...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Trip to Queens Ends in Mixed Results for Crimson | 1/27/2009 | See Source »

...widely expected, as was the strong showing in support of the constitution by rural and highland voters. But like Bolivia's recall vote last August, in which Morales won 67% national approval, Sunday showed that Bolivia's east/west regional divide that brought the country to the brink of civil war last September remains. The constitution was heavily rejected in the eastern lowlands of Santa Cruz, Beni, Pando and Tarija where wealthy land and business owners dominate local politics. Criticism ranged from the constitution's elimination of Catholicism's privileged position as official religion to worry about "extreme indigenous power...

Author: /time Magazine | Title: Bolivia's Revolutionary New Charter | 1/27/2009 | See Source »

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