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Dates: during 2000-2009
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...Indeed, analysts who follow a number of different industries rushed out reports about how CIT would affect the companies they watch. The biggest areas of concern were for the insurers that hold a large amount of CIT debt and retailers, which rely heavily on the type of short-term lending that CIT provides. The consensus was that CIT's failure alone was not likely to bring down any other firm...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

...idea that the Supreme Court can make policy shouldn't be controversial after its decisions in two of the most contentious cases of the term that ended last month, one involving voting rights and the other affirmative action. In the voting-rights case, Chief Justice John Roberts produced the most impressive example of judicial statesmanship of his tenure by persuading all but one of his fellow Justices to converge around a result that never occurred to Congress when it passed the Voting Rights Act in 1965. A prudent demonstration of judicial policymaking, the decision was widely praised by liberals...

Author: /time Magazine | Title: What's Wrong with Judges Legislating from the Bench? | 7/16/2009 | See Source »

...hemisphere's surprise. U.S. Secretary of State Hillary Clinton has brought Zelaya and Micheletti into talks mediated by Costa Rican President Oscar Arias in hopes of finding a peaceful way to let Zelaya, a close Chávez ally, serve out the last half-year of his term. The left-wing and usually anti-U.S. Chávez has encouraged President Obama's involvement and even his leadership in restoring Zelaya to Tegucigalpa, the Honduran capital. "Obama," Chávez said last week, "do something...

Author: /time Magazine | Title: The Honduran Crisis: Making Chums of Chávez and Obama? | 7/16/2009 | See Source »

Although Persians are Iran's largest ethnic group, almost half of the population comprises Azeris, Kurds, Lors, Arabs, Turkomans, Baluchis and other minorities with longstanding grievances against the central government. During Ahmadinejad's first term, there has been an unusual upsurge of rioting, protests and bombings by minority groups targeting government officials and institutions, including an ambush on the President himself by Baluchis. While the minority groups blame government repression for the unrest, the government blames foreign agitators...

Author: /time Magazine | Title: Iran's Campaign Against Foreign Plots | 7/15/2009 | See Source »

...hardly confined to paranoid mullahs. Flynt Leverett and Hillary Mann Leverett, former National Security Council officials in the Bush Administration, wrote in May that "the Obama Administration has done nothing to cancel or repudiate an ostensibly covert but well-publicized program, begun in President George W. Bush's second term, to spend hundreds of millions of dollars to destabilize the Islamic Republic...

Author: /time Magazine | Title: Iran's Campaign Against Foreign Plots | 7/15/2009 | See Source »

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