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When Obama asked Warren to take part in the Inauguration, he thought he would get Pastor Rick. And on Tuesday Warren will undoubtedly deliver a blandly optimistic - if explicitly Christian - prayer of the sort that has made him popular with the tens of millions of Americans who have purchased his...

Author: /time Magazine | Title: Inaugural Pastor: The Two Faces of Rick Warren | 1/18/2009 | See Source »

The Fed has passed tens of billions of dollars of loans to banks and brokerages through its emergency lending window. It has lowered interest rates to zero. Treasury has put $25 billion into each of the money center banks. It is now backing over $300 billion in bad assets held...

Author: /time Magazine | Title: Building A $1 Trillion "Bad Bank" | 1/17/2009 | See Source »

Scenario 2: Long-Term Cease-Fire Israel has insisted that a cease-fire be "sustainable" by ensuring that Hamas is unable to rearm itself. An actual disarming of Hamas' current militias is unlikely without a full-scale reoccupation of Gaza, which would involve tens of thousands more Israeli troops over...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

...banter we glimpsed again the man who won millions of votes in Texas and tens of millions nationwide. As he set his gaze on life outside "the klieg lights," Bush launched his Administration into the past tense, where he and history can ponder what might have been different...

Author: /time Magazine | Title: The Moment | 1/15/2009 | See Source »

On the other hand, some initiatives have negative tails - spending money now saves it later. That's one reason Obama is so keen on energy efficiency; retrofitting 75% of federal buildings would curb emissions and set a powerful example as well as slash government energy costs for years to come...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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