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...will go along. A bloc on the far right of the Republican Party will say no because they are philosophically against it (and because they are from securely red districts or states); Kentucky Senator Jim Bunning, using his typically heightened rhetoric, went so far as to call the proposal "un-American." And a group on the left will oppose it because they see it as a bailout for Wall Street executives (and because they're from securely blue districts or states). But it seems clear that Paulson and Bernanke managed to hit the mark with their three pages. And even...

Author: /time Magazine | Title: Congress and the Bailout Plan: Business As Usual | 9/23/2008 | See Source »

...Meanwhile, Austria's mainstream parties, which have shared power in grand coalitions for most of the post-war period, are running out of steam. The latest partnership lasted less than two years before collapsing in acrimony in July, triggering this month's vote. An un-charismatic Social Democratic chancellor, Alfred Gusenbauer, failed to push through a single major policy initiative in the face of opposition from his ostensible governing partners in the conservative People's Party, which was looking for any excuse to break up the marriage. The final straw appears to have been Gusenbauer's promise, in a letter...

Author: /time Magazine | Title: Austria's Far Right on the Rise | 9/19/2008 | See Source »

...chorus. It is not hyperbole to say that I have never seen so many cigarettes in the air at one time in my entire life. Fans began hurling them by the handful at the band as they sang, as if to the beat. Days later, my embarrassed coworker un-embarrassed herself and informed me that Zhong Nan Hai is a popular brand of cigarettes and that everyone in the band smokes them, which is why everyone throws them on stage. Coming from a place where cigarettes are $8 a pack, I was suspicious.I eventually picked up Carsick Cars?...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: Rock and Rebellion in Shanghai | 9/18/2008 | See Source »

...fact, Bank of America's takeover of Merrill Lynch and JP Morgan Chase's of Bear Stearns underscored a truth that was already becoming apparent on Wall Street - super-banks (more commonly known as universal banks) are, for all their flaws, a lot more stable and secure than un-super investment banks...

Author: /time Magazine | Title: While the Regulators Fiddled ... | 9/17/2008 | See Source »

...prosecutor for the Criminal Tribunal dealing with the Yugoslavian conflict. Though he initially rebuffed the idea, Goldstone said his opinion was swayed by two factors: the encouragement of his wife and a personal phone call from then-South African president Nelson Mandela, who told him he had already informed UN Secretary General Boutros Boutros-Ghali that Goldstone would accept the position...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Goldstone Talks Politics, Law | 9/16/2008 | See Source »

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