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...Bernanke could install a mechanism that makes the cheap money provided by the Fed go only into the real economy, not into the speculation of Wall Street he could become man of the millennium. Alfred Feldmann, BREMEN, GERMANY...

Author: /time Magazine | Title: Bernanke: A Bad Call ... | 1/25/2010 | See Source »

Gary Whitta's script, set 30 years after civilization screeched to a halt when a great "flash" (maybe a devastating bomb or the wrath of God) filled the sky, imagines a charred American Southwest littered with dead trees, debris, corpses - a landscape not even WALL-E could clean up. The desaturated color scheme makes the whole world look as if it were left outside to die, and it was. Marauding punks prey on solitary travelers for water, food and clothing. With all industrial and agricultural sectors in shambles, the fear-market system applies: survival of the meanest...

Author: /time Magazine | Title: American Savior: Denzel Washington in Book of Eli | 1/25/2010 | See Source »

Arguing in the Wall Street Journal that President Obama's foreign policy has been deeply flawed...

Author: /time Magazine | Title: Verbatim | 1/25/2010 | See Source »

PHIL ANGELIDES, chairman of a bipartisan commission appointed to examine the causes of the financial crisis, during opening remarks in a hearing with leading Wall Street bankers...

Author: /time Magazine | Title: Verbatim | 1/25/2010 | See Source »

Epic congressional investigations of Wall Street have followed the nation's epic financial disasters: the Pujo Committee, starting in 1912, and the Pecora Commission, in 1932. Now, after a year of sometimes enlightening but mostly maddening congressional hearings about the Panic of 2008, a potential modern equivalent is under way--the Financial Crisis Inquiry Commission, created by Congress but populated by a mix of financial experts and smarter-than-average former elected officials. In keeping with the P-heavy historical precedents, it could be known as the Phil Commission, after chairman Phil Angelides--a former California state treasurer who lost...

Author: /time Magazine | Title: The Moment | 1/25/2010 | See Source »

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