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...support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland," he says. (Read...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...idle threat. Under the none-too-subtle banner headline "ESPN Horndog Dossier," Daulerio posted rumors about sexual relationships and crude behavior among employees at the network, even singling out a few by name. The sports blogosphere, which had revered Deadspin for helping build its clout, quickly turned against Daulerio. One called him an "embarrassment." Another accused him of "having a vendetta against ESPN because the New York Post did his job better than him." (See the five most overrated blogs...

Author: /time Magazine | Title: Did Deadspin Hit ESPN Below the Belt? | 10/26/2009 | See Source »

...Pentagon has declared our dependence on fossil fuels a security threat. Veterans from Iraq and Afghanistan are traveling the country as part of Operation Free, campaigning to end our dependence on oil -- (applause) -- we have a few of these folks here today, right there. (Applause.) The young people of this country -- that I've met all across America -- they understand that this is the challenge of their generation...

Author: By June Q. Wu | Title: Obama Disses Harvard, Pushes Clean Energy | 10/24/2009 | See Source »

...audit found that the conflict has led to confusion at crime sites, arguments in front of state and local investigators, tit-for-tat recrimination and even a threat from the FBI to arrest an ATF agent. Each agency trains separately and has its own explosives database and lab. Agents race to explosions to claim the lead in investigations, and some managers are unclear about jurisdiction. According to the audit, two ambiguous memos in 2004 and 2008 failed to clarify the relationship. "These disputes can delay investigations, undermine federal and local relationships, and may project to local agency responders a disjointed...

Author: /time Magazine | Title: It's Official: The ATF and FBI Don't Get Along | 10/24/2009 | See Source »

...even though the emergency declaration doesn't mean the end of the world has arrived, H1N1 remains a serious threat - and the government's response, on all levels, has been spotty. On Friday the CDC reported that the H1N1 virus is now widespread in 46 U.S. states - a level of flu activity that is usually not seen until later in the winter. Since the virus began spreading, millions of Americans have been infected, at least 20,000 have been hospitalized and 1,000 have died - including nearly 100 children. "To be basically in the peak of the flu season...

Author: /time Magazine | Title: H1N1 National Emergency: Time for Concern, Not Panic | 10/24/2009 | See Source »

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