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...bails out all the irresponsible people and institutions that have gotten us into the subprime mess and subsequent debt-market crunch. Too far in the other, and the global financial system collapses on his watch. "In a run, fear that a bank may fail induces depositors to withdraw their money, which in turn forces liquidation of the bank's assets," Bernanke wrote in 1983 as a young economics professor. "The need to liquidate hastily, or to dump assets on the market when other banks are also liquidating, may generate losses that actually do cause the bank to fail...

Author: /time Magazine | Title: Ben Bernanke Walks the Line | 8/23/2007 | See Source »

...possible answers: a) it would require nearly every single policeman and soldier on duty in Israel today; b) zero, because it simply won't happen. Despite pressure by the Bush Administration and the rest of the international community for Israel to withdraw many of its Jewish citizens from 220 hilltop settlements and outposts in the disputed West Bank, such a move could be so divisive in Israel that no Prime Minister, especially one as embattled as Ehud Olmert, would risk it. Olmert won the March 2006 election in part by vowing to remove large numbers of settlements. But public opinion...

Author: /time Magazine | Title: The West Bank: Mission Critical | 8/16/2007 | See Source »

...ruling generals could use a little positive spin themselves. Although the junta has promised to hold elections by the end of this year, the draft constitution up for referendum this weekend rolls back certain democratic reforms introduced in the previous charter. And despite promises that the military would withdraw from politics, a junta aide has hinted that coup leader General Sonthi Boonyaratglin might throw his hat in the ring in the upcoming polls...

Author: /time Magazine | Title: Why the Generals Will Root for Man U | 8/16/2007 | See Source »

...ruling generals could use a little positive spin themselves. Although the junta has promised to hold elections by the end of this year, the draft constitution up for referendum this weekend rolls back certain democratic reforms introduced in the previous charter. And despite promises that the military would withdraw from politics, a junta aide has hinted that coup leader General Sonthi Boonyaratglin might throw his hat in the ring in the upcoming polls...

Author: /time Magazine | Title: Why Thailand's Generals Will Root for Manchester United | 8/10/2007 | See Source »

...being with other people. I can't travel as much as I once did, but almost every day one of our children or grandchildren comes by, or a friend, or even someone I've never met before. Over the years I've seen people lose a spouse and then withdraw and lose interest in life, and I believe we need to resist that...

Author: /time Magazine | Title: Billy Graham on Life Without Ruth | 8/8/2007 | See Source »

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