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...notion that low interest rates mean easier credit is based on a fool's analysis that banks will make risky loans just because their cost of money has dropped; There is almost certainly no truth in that. Many banks still want to keep as much capital as they can in the event of future losses. The same bankers may have been slow-minded enough to dump money into derivatives, but they are shrewd enough to stay out of lending into a real estate market which may well still be dropping...

Author: /time Magazine | Title: Why the Housing Market Has Yet to Hit Rock Bottom | 2/5/2009 | See Source »

...Global Leader While everyone is describing Obama as our first black President, Andrew Young's comments in your article on civil rights leaders' perspectives were closer to the truth [Jan. 26]. Young says, "He isn't just black; he's an Afro-Asian-Latin European. That means he's a global citizen and an all-American boy ... The fact that his father and grandfather on one side were black doesn't make him any more of a black President than his grandfather on the other side being white would make him a white President." Thank you, Mr. Young, for getting...

Author: /time Magazine | Title: Inbox | 2/5/2009 | See Source »

...true power player in the full House Energy and Commerce Committee, chairman Henry Waxman of California, differs from Stupak one key point. Yes, he also supports a two-year DTC moratorium for new drugs. "Americans must face an inconvenient truth about drug safety," he says. "The truth is that we inevitably allow drugs on the market whose risks are not fully known." Waxman, however, insists that the FDA should have the discretion to make exceptions to the moratorium. This policy follows a recommendation that the Institute of Medicine offered in a 2006 report, "The Future of Drug Safety." "It doesn...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

...Harvard’s motto is “veritas,” and it directs us to consider the truth above all. The undergraduate who sees the Israeli-Palestinian conflict as “complicated” and “controversial” has a far better idea of truth than the professor who takes terrorist propaganda at face value and imposes it as the definitive “consensus” view...

Author: By Joel B. Pollak | Title: Tenured But Wrong | 2/4/2009 | See Source »

...equal rights to self-determination. Hamas, armed and funded by Iran, is dangerous to both. Until Hamas gives up terror, or is forced to do so, neither side will enjoy peace. How to achieve that outcome remains a “complicated” question, unless you ignore the truth...

Author: By Joel B. Pollak | Title: Tenured But Wrong | 2/4/2009 | See Source »

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