Word: overhauled
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Dates: during 2000-2009
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Bernie Madoff's crimes spawned a global financial meltdown, a wave of populist outrage, books, movies, souvenirs and, now - perhaps - an overhaul of New York's prison system. On July 20, Republican Assemblyman James Tedisco introduced a so-called "Madoff bill" in New York's legislature that, if passed, would require wealthy inmates to be billed for the cost of their prison stays - estimated at $90 per inmate per day. TIME spoke with Tedisco about the legislation's nickname, the "party palace" in a Manhattan jail that helped spark the proposed law and why lawmakers might want to let prisoners...
...invest about $40 billion in refining Iranian gasoline. The deal would include financing the major new Hormoz refinery in southern Iran, which will be able to produce about 300,000 bbl. of gasoline and kerosene a day once the four-year construction project is completed. China would also overhaul Iran's aging Abadan refinery in the south so that its production could increase by 29%, according to Iranian oil officials, who provided no deadline for that project. (See pictures of the plainclothes terror of the Basij militia...
...June 24, ABC debuted a controversial new medical drama: Barack Obama, M.D. Actually titled Questions for the President: Prescription for America, the town-hall forum sat the POTUS down to field questions about his plans to overhaul the health-care system. Before it aired, Republicans criticized it as an infomercial that would allow Obama to sell his platform to a vast prime-time audience...
...both houses of the Massachusetts legislature, which had disagreed with Patrick over the appropriate response to the state's fiscal crisis. Patrick had originally proposed taxing candy, soda, and gasoline, but eventually went along with the legislature's plan for a sales tax increase after lawmakers agreed to overhaul the state's ethics, pensions, and transportation laws...
...public plan a fallback, to be created only if private insurers fail to bring down health-care costs, as some have suggested - risks allowing liberal Democratic support to slip away. Meanwhile, Democratic Senators are balking at Finance Committee chairman Max Baucus' proposal to pay for much of the health overhaul by imposing taxes for the first time ever on some of the health benefits that workers get from their employers. But absent those new taxes, Democrats may have to settle for a smaller, less costly bill. (See the top 10 medical breakthroughs...