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...regulation as an implicit threat: If Congress can’t get its own act together, the EPA will simply move forward on regulating emissions. It also buys time to build popular support and a political coalition to pass the imperfect but commendable draft bill presented by Congressmen Ed Markey and Henry Waxman as well as to pick up the always elusive 60 votes in the Senate...

Author: By Clay A. Dumas | Title: Of Cows and Carbon | 4/23/2009 | See Source »

...that the world needs to tackle global warming and that "the U.S. is now ready to lead." But hopeful talk doesn't necessarily translate to numbers or action. One of the biggest topics of debate at Bonn was the draft climate-change bill released in late March by Democratic Congressmen Henry Waxman and Edward Markey, which aims to cut U.S. carbon emissions 20% below 2005 levels by 2020. That goal is significantly less ambitious than what the E.U. has pledged, but getting that bill - or anything close to it - through Congress, especially by the Copenhagen summit, will be a legislative...

Author: /time Magazine | Title: Progress on Global Warming Remains Elusive | 4/10/2009 | See Source »

...policy - and Obama would probably sign such a measure. At the same time, Fidel and Raúl Castro have both in recent days expressed an unusual willingness to talk with the U.S. about improving Washington-Havana relations. The two aging communists even met with a delegation of U.S. Congressmen this week and asked what they could do toward that end. One possible answer: if the U.S. does lock up Posada, Cuba could respond in turn by freeing some of the scores of dissidents languishing in its own prisons...

Author: /time Magazine | Title: Militant's Indictment Could Boost U.S.-Latin Ties | 4/10/2009 | See Source »

...economy at the end of the year, the pallbearers have returned. The enthusiasm about a recovery in the banking system was sandwiched by bad news from bank analysts who think the largest financial firms will have to raise tens of billions of extra dollars on the one side and Congressmen who say that they will not provide more TARP money on the other. With insurance companies now begging for dollars as well, there is not going to be enough bailout money to go around. Bank of America (BAC), which one analyst said would have to raise $36.6 billion, has dropped...

Author: /time Magazine | Title: The Lost Decade May Only Last Three Months | 4/9/2009 | See Source »

...European leaders' unwillingness to contemplate a future with Turkey, and the current government's Islamic leanings, which have led it to turn eastwards and greater involvement with the Middle East. "The United States must remain an iron clad supporter of Turkish membership in the E.U.," 29 Democratic and Republican Congressmen wrote in a letter to the president prior to his departure...

Author: /time Magazine | Title: Turkey Is Ready to Welcome Obama | 4/5/2009 | See Source »

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