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...Force and Navy. All of a sudden, however, the F-35 is in big trouble. On Wednesday, Defense Secretary Robert Gates told Congress that its recent cost and schedule snafus were "unacceptable." And while the Pentagon is not about to kill the program, the rush to push the plane down the assembly line and into the skies highlights the nation's continuing inability to pit its limited resources against real threats...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...perversion of post-Cold War thinking, the $1 trillion push to build and fly the F-35 isn't driven by huge fleets of hot new warplanes being built by - well, new perpetual bogeyman China or former perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon concerns over looming shortages of F-16 and F-18 jet fighters. And what's causing those shortages? Gates made it clear that the current planes must be retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able...

Author: /time Magazine | Title: The Costly F-35: The Saga of America's Next Fighter Jet | 3/25/2010 | See Source »

...wake of the electoral shellacking? Maybe a bit - especially after his quixotic insistence that the conservatives could win the second round even after the disastrous results of the first round on March 14. Rather than tweak the right's message, Sarkozy focused on a get-out-the-vote push to urge conservatives to go to the polls, a move that helped to slightly increase voter turnout but failed to prevent the left's landslide win. Now Sarkozy may have to accept a change of tactics. Says Stéphane Rozès, president of the Paris-based Cap political consultancy...

Author: /time Magazine | Title: French Election Fallout: Trouble Ahead for Sarkozy | 3/25/2010 | See Source »

...Powell may be subtly urging the Administration to adopt a more flexible position on Iran, but some powerful domestic interest groups are urging it to do just the opposite. AIPAC activists swarmed Capitol Hill on Tuesday to lobby legislators to push the Obama Administration to take an even tougher line on Tehran. So, as things stand, Secretary Clinton - or whomever the Administration taps to address next year's AIPAC policy conference - may not have much progress to report on the Iran front...

Author: /time Magazine | Title: Washington's Shrinking Options on Iran Sanctions | 3/24/2010 | See Source »

...effect of this spat has been to push the euro to a four-week low against the dollar as investors fret over the uncertain prospect of support for Greece. The euro closed on Tuesday at $1.35, down from a high of $1.51 in November. "The leaders are hardening positions but not for a clearly thought-out purpose," says Fredrik Erixon, director of the Brussels-based European Centre for International Political Economy. "It looks more like a chicken farm than anything else...

Author: /time Magazine | Title: Bailout Showdown: Greece and Germany Raise the Stakes | 3/24/2010 | See Source »

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