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Ever since Scott Brown's victory in the Massachusetts Senate race deprived Senate Democrats of their filibuster-proof majority, the White House has made no secret of its fervent desire that majority leader Harry Reid pass some kind of bipartisan legislation. So it was with a bit of fanfare that the White House welcomed Thursday a bipartisan Senate deal on $85 billion jobs legislation forged after weeks of negotiations between Senators Max Baucus, a Montana Democrat, and Chuck Grassley, an Iowa Republican. And it was to more than a bit of confusion that Reid hours later threw out the deal...

Author: /time Magazine | Title: Why Harry Reid Yanked the Jobs Bill | 2/16/2010 | See Source »

...face of growing Republican power and the loss of the Democrats' filibuster-proof majority in the Senate, the White House has been forced to make a midterm correction and attempt to resuscitate the idea of the bipartisan coalitions that candidate Obama once promised. The response to the President's overtures has mostly been cool. Across the board, the GOP leadership, more moderate rank-and-file members, talk-radio hosts and Tea Party activists all agree: stay the course, hope Obama's job-approval numbers sink further and then seize back power when the time is ripe...

Author: /time Magazine | Title: Can Obama Rebuild Bipartisan Trust? | 2/16/2010 | See Source »

...doping; as a result, Landis was stripped of his Tour de France crown. But the hackers accessing the lab's computers falsified files linked to Landis' case. The altered data were then circulated as evidence that the lab's work was so sloppy it shouldn't be trusted as proof against Landis. To no avail: he was eventually banned from the sport for two years. Now, a local magistrate has issued a warrant for Landis' arrest - should he set foot in France - in connection with the hacking investigation...

Author: /time Magazine | Title: First Doping, Now Hacking: The Floyd Landis War | 2/16/2010 | See Source »

Like much of the rest of the health care sector, the drug-wholesaling industry has proved mostly recession-proof. Revenue rose 8% in 2008, to $386 billion, and an additional 6% bump is expected for last year, according to Pembroke Consulting, a Philadelphia distribution and manufacturing consultancy. Plus, an aging population and reform will be extra boons. "In theory, more insured people should mean more drug utilization," says Adam J. Fein, an economist and the founder of Pembroke. "That means more money in the pockets of wholesalers...

Author: /time Magazine | Title: Prescription for a Turnaround | 2/15/2010 | See Source »

...Proof that much work remains to combat both was provided on Feb. 4 when the U.S. Senate's subcommittee on investigations released its inquiry into money transfers from top African officials to the U.S. via loopholes in a section of the Patriot Act designed to crack down on illegal terrorism financing. The 330-page report scrutinized moves by top political, economic and business leaders from the notoriously corrupt nations of Angola, Equatorial Guinea, Gabon and Nigeria to determine if they either violated or sought to side-step laws prohibiting money laundering. The report not only found evidence that several powerful...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

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