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...weekend tug-of-war was a reminder that Washington has all sorts of agencies that hum along unnoticed in good times but can become pivotal in a crisis. When that happens, the real fighting begins. In this case, the war between small depositors who have managed their money carefully and large, institutional banks that have gambled and lost is playing out across the American economy. So far, Bair has worried about Main Street while working overtime to limit the damage on Wall Street. In the past month, she's overseen the "resolution" (meaning, in a banker's lexicon, the "failure...

Author: /time Magazine | Title: The FDIC's Boss: Sheila Bair, America's Passbook Protector | 10/16/2008 | See Source »

Caught in between four countries and sixty years of conflict, the disputed territory of the Golan Heights seems closer than ever to a permanent resolution, after decades of tug-of-war between Israel and Syria over its rightful ownership. Israel's new Prime Minister, Tzipi Livni, has expressed a commitment to resolving the Golan issue once and for all, while outgoing Prime Minister Ehud Olmert mentioned the impossibility of ever hoping for peace with the Syrians without giving up the Golan Heights in a recent interview...

Author: /time Magazine | Title: The Golan Heights | 9/30/2008 | See Source »

...Enter Reagan. His vision of the future was the past. He offered the temporal pleasures of tax cuts and an unambiguous anticommunism, but his real tug was on the heartstrings - it was "Morning in America." The Republican Party of Wall Street faded before the power of nostalgia for Main Street ... at least a Main Street that existed before America began losing wars, became ostentatiously sexy and casually interracial. In his presidential debate with Jimmy Carter, Reagan talked about an America that existed "when I was young and when this country didn't even know it had a racial problem...

Author: /time Magazine | Title: Sarah Palin's Myth of America | 9/10/2008 | See Source »

...every hand check is a federal offense. So Argentina's strategy was clear: knock the Americans to the floor early and often. In the first quarter, Argentina's Luis Scola, a 6-ft, 9-in. 230 lb. center, gave America's Dwight Howard a good tug. The 6-ft,. 11-in., 265 lb. Howard makes Mr. Universe look bony, so he didn't fall. But the refs swallowed the whistle, inviting more contact...

Author: /time Magazine | Title: US Hoops Shows How to Win Ugly | 8/22/2008 | See Source »

...tug of history in the making--and a strong sense of community pride--explains why you hear many African Americans use the pronoun we to describe Obama's candidacy, as in "When we win ..." Those forces explain why older men who have never become attached to politicians wear hats emblazoned with Obama's name. And why you can find young men sporting hip-hop T shirts that bear the face of Obama instead of Biggie or Tupac. Obama has given millions of black Americans a reason to be proud. But he has also expanded their sense of the possible...

Author: /time Magazine | Title: A Leader of Obama's Grassroots Army | 8/21/2008 | See Source »

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