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...Rather than bailing out Wall Street, we propose that the government should buy up the actual mortgages in question and do nothing else. The government should not touch any derivatives; that is, claims that do not directly tie into the actual mortgages. If money becomes too tight, then the Fed can certainly increase its loans to financial institutions...

Author: /time Magazine | Title: Let Risk-Taking Financial Institutions Fail | 9/29/2008 | See Source »

...victory announcement. But after dramatically suspending his campaign and asking to postpone last Friday's debate in order to deal with the financial crisis, John McCain kept a decidedly low profile in the final days of negotiations. His staff said McCain kept track of events by phone, keeping in touch with Treasury Secretary Henry Paulson and House minority leader John Boehner, and calling members on both sides of the aisle, urging them to support the deal. "I'm proud that we were able to get this done, and I'll give the credit to everybody else," McCain insisted...

Author: /time Magazine | Title: The Bailout Bill That Nobody Likes | 9/29/2008 | See Source »

...brain turns out, its development proceeds in stages, generally from back to front. Some of the brain regions that reach maturity earliest - through proliferation and pruning - are those in the back of the brain that mediate direct contact with the environment by controlling such sensory functions as vision, hearing, touch and spatial processing. Next are areas that coordinate those functions: the part of the brain that helps you know where the light switch is in your bathroom even if you can't see it in the middle of the night. The very last part of the brain to be pruned...

Author: /time Magazine | Title: What Makes Teens Tick | 9/26/2008 | See Source »

...financial desperation. In order to pay his room and board at the inn, he had been forced to succumb to the inept fumblings of pallid, emaciated men in too-tight breeches, all calling themselves “artists.” Invariably these artists found reasons to constantly touch him, rearranging that arm, this hand, that burnished curl. This, The Stable Boy knew, would be the last time. He growled softly to himself.Tatiana purred in response. They had taken to each other immediately.“Well,” said Monsieur Jacques, “I suppose that?...

Author: By Lesley R. Winters, CONTRIBUTING WRITER | Title: The Stable Boy | 9/25/2008 | See Source »

...place bets that home buyers would pay off mortgages 10 times the size of their annual paychecks suggests that America's cultural pendulum has swung too far in the direction of the casino. And Obama hasn't yet shown he's the man to put us back in touch with our thrifty side...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

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