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...Many Tories weren't so circumspect. Some wore pins and badges and T-shirts declaring their allegiance. Eleanor Laing, a Tory MP, appeared as the theoretically impartial chair of a debate about the U.S. elections sporting a sequined jacket decorated with stars-and-stripes and G.O.P. elephants. Talk at the many social events around the conference was dominated by the contest. "I rather like Sarah Palin," confessed one immaculately coiffed Conservative dame, as she waited in the powder room queue. "How can you say that?" interjected her neighbor. "That Palin woman is simply terrifying...

Author: /time Magazine | Title: Washington Antics Dismay Britain's Conservatives | 10/1/2008 | See Source »

...rank and file weren't necessarily ready to play follow the leader. Chasing Boehner and his deputies down the Cannon House Office Building's marble stairs, reporters asked if the party's top dogs believed they would get enough votes. They expected "substantial support," barked Representative Roy Blunt, the second ranking House Republican, who represented the House GOP at the negotiations, as he hustled away...

Author: /time Magazine | Title: Anatomy of a Legislative Meltdown | 9/30/2008 | See Source »

...asking Congress 11 days ago for the authority to spend up to $700 billion to buy troubled assets, Paulson and Fed Chairman Ben Bernanke were hoping to share some of the responsibility and the blame - and get the freedom to boost companies that weren't already on the brink of failure. Instead, they're back to being crisis managers for the moment - and maybe for the duration of the crisis...

Author: /time Magazine | Title: Without a Bailout Plan, What Will the Cost Be? | 9/29/2008 | See Source »

...Tabor Center during the Democratic National Convention. I'd been tagging after her for a couple of days, from one rapturous audience to another, including the crowd at a community-service event for soldiers, at which an Iraq-war veteran introduced her by announcing, "Ma'am, I know you weren't in the military, but I'd follow you anywhere." If all that hadn't quite convinced me (it was the Democratic Convention, after all), I'd guess it took roughly the first 30 seconds of our interview for me to fall for her. It happened when I asked whether...

Author: /time Magazine | Title: What Michelle Obama Would Bring to the White House | 9/27/2008 | See Source »

...been obvious for years that real estate was a bubble ready to burst. Politicians and government officials deserve the pounding they are getting for failure to take action sooner. Of course, there weren't a lot of warnings that houses were becoming too valuable (or calls for greater regulation of anything) from the politicians and commentators who are now so indignant. What was not so obvious was the ability of real estate, which has always had a slightly rakish air, to drag even the most respectable and conservative parts of the economy down with it. Other problem areas, like Social...

Author: /time Magazine | Title: The Ponzi Economy | 9/25/2008 | See Source »

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