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...veto, Democratic sources said. Even if Bush can do the honors before he leaves office, Obama would still have to take office as both chambers attempt overrides of the veto. Such a situation might force Obama to expend some of his political capital on fixing the holdover problem, and it could drain support for what he prefers to be concentrating his time and energy on: a potentially trillion-dollar stimulus bill. That too, of course, is essentially another bailout, but it's directed at Main Street, so the President-elect can count on a little more gratitude from the American...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

There was indeed a time when electric cars were useful and relatively popular. Back when cars were used mostly for short jaunts around town or for deliveries between two nearby points, the charging of an electric car posed very little problem. In the 1830s, when Dutch inventor Sibrandus Stratingh created an electromagnetic cart, the vehicles have always stood out as a cleaner, cost-effective option to the steam or internal combustion engine. From Stratingh's invention evolved actual cars in the late 1800s that could move at low speeds using rechargeable batteries. Quieter and less noxious than their gas-powered...

Author: /time Magazine | Title: The Electric Car | 1/13/2009 | See Source »

...Kennedy’s candidacy manifests a problem more serious than one Senate seat, however. Political discourse is beginning to feel more like a clash of personality cults than a real debate. This type of discourse was all too prevalent this past election, when we heard more about McCain’s “maverick” brand and the antics of his running mate than we did his economic policy, and more about Obama’s immutable “hope” than his actual agenda. Indeed, despite the unique confluence of a crashing economy...

Author: By Sean R. Ouellette | Title: Idolatry and Ideology | 1/13/2009 | See Source »

...Hamas—a terrorist group elected by the people of the Gaza Strip as their so-called “government”—reads as follows: “[Peace] initiatives, the so-called peaceful solutions, and the international conferences to resolve the Palestinian problem, are all contrary to the beliefs of the Islamic Resistance Movement.” In other words, any sort of peaceful solution in which Israel continues to exist is simply unacceptable to Hamas. Faced with this stark reality—that, until Israel is wiped off the map, Hamas will...

Author: By Alix M. Olian | Title: Israel Gave Peace a Chance | 1/13/2009 | See Source »

...While sales are down at most nationwide retailers, Khubani says the number of Telebrands products purchased in Walgreens, Target and Wal-Mart are "way up," with overall sales nearly doubling since last year. "They're typically inexpensive, solve a common problem, and they're fun," Khubani says, explaining the success of his products. Of course, when it comes to pricing, it helps that many of these companies, including Allstar, outsource nearly all aspects of production, shipping and ordering. The Snuggie, for example, is manufactured in China...

Author: /time Magazine | Title: The Cult of the Snuggie: That Ubiquitous TV Ad | 1/13/2009 | See Source »

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