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...regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because of this, the playing field would still be tilted in favor of the nonbanks, and he may be right. But it would at least be more level than...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...debate over ACES, the Republicans and coal-state Democrats opposing or at least seeking to neuter the legislation repeatedly speak about the competitive disadvantage America will suffer if it takes the lead in fossil fuel regulation, particularly in relation to a still developing country but major rival such as China. Yet China, for all its unwillingness to commit to carbon caps, stands poised to seriously outpace us in the global renewable energy market. The Chinese are actively pursuing a beefed up version of what Republicans like to call an all-of-the-above energy policy. Yes, plenty of coal-fired...

Author: By Clay A. Dumas | Title: Falling Behind | 7/27/2009 | See Source »

SANTIAGO, Chile — Hoping to get out of the sprinkling rain and into our warm beds (well, at least as warm as possible in a country where few homes have central heating), two friends and I hailed a cab to take us home from the restaurant where we had been celebrating a birthday...

Author: By Lauren D. Kiel | Title: Holy Cow! | 7/27/2009 | See Source »

...darkness began to envelop the stadium, the crowd's collective restless bladder suddenly became more manageable and the old men on stage suddenly remembered who they were, or at least who they once were. Soon Joel left the stage and John launched his audience through a frenzied stretch of songs in which he became Chuck Berry, Jerry Lee Lewis and his younger self all at the same time, fingers blazing across the piano in electrifying performances of “Saturday” and “Crocodile Rock...

Author: By Loren Amor | Title: Throwback | 7/27/2009 | See Source »

...made clear that he views this year as the best opportunity in decades to overhaul the nation's ailing health-care system; more recently, he has stressed that he wants the House and Senate to pass their respective bills before their monthlong August recess. That, to say the least, is not going according to plan. The Senate said on July 23 it would not make the deadline, and the House is also looking increasingly unlikely to produce a bill by then. This slows the momentum behind the President's top priority, giving opponents extra time to sow doubts in both...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

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