Monday, March 23, 2009

TIME Daily News 24/7

Today's Top Stories

Will Deficits Force Obama to Sacrifice His Agenda?

By MICHAEL SCHERER / WASHINGTON

Obama's bold promises of a new era of responsibility are being challenged by the worsening economic realities

How To Fix S&P, Moody's and Fitch

By BARBARA KIVIAT

America's ratings agencies have too much power and too many conflicts. So how can they be fixed?

Florida Stung by the Not-So-Great (Dry) Wall of China

By TIM PADGETT / MIAMI

Homeowners claim toxic drywall imported from China is endangering their health and the value of their houses

China's Banks Become the Government's Foot Soldiers

By BILL POWELL

China's state owned banks are releasing a surge of new loans to spur business. It will help the economy but it could also lead to the next banking crisis

A New Era of Service Across America

By BARACK OBAMA

During this economic crisis, the President says, the need for an army of volunteers is more urgent than ever

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TIME Blogs

Swampland

By Joe Klein

Obviously, the success of this thing depends on the auction — and one question is whether some of those houses currently holding toxic assets can game the game in a way that inflates the value of their assets.

Special Package

Who Are the World's Most Influential People in 2009?

Cast your vote for the leaders, artists, entrepreneurs and thinkers who deserve a spot on this year's TIME 100

Quotes of the Day

" With regard to the exit of the American soldiers, we are positive on that issue."
RECEP TAYYIP ERDOGAN,
Turkey's Prime Minister, indicating Ankara's willingness to let the U.S. military move troops across Turkey during the gradual withdrawal from Iraq
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Postcard from...

Sao Paulo

What Downturn? Business Booms in Brazil's Shanties

By Andrew Downie

Small-time entrepreneurs who retail the things poorer Brazilians can't do without — food and cosmetics — are showing remarkable resilience

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