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Banks hate the idea of a CFPA and reportedly plan to spend millions of dollars on TV ads and other efforts to thwart it. Members of Congress are griping about the way it steps on the toes of existing agencies they like. And those on the political right have taken to characterizing the CFPA as a classic case of Democratic regulatory overstretch. (See 25 people to blame for the financial crisis...

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

California's system of governance seems designed to thwart any solution its lawmakers propose. With a two-thirds majority required to raise taxes or pass a budget, 40% of public funds earmarked for public schools and no method of overriding voter initiatives, California seems stymied by a complex puzzle that no one can solve...

Author: /time Magazine | Title: Spotlight: California's Budget Crisis | 7/27/2009 | See Source »

...Court goes on forever." That prospect troubles historian James MacGregor Burns, whose 15th book is a provocative assault on the "imperious" court and its tightening grip on governmental power. Unaccountable Justices have seized the right to overturn acts of Congress--an authority not found in the Constitution--and increasingly thwart the popular will, Burns argues. From blocking Reconstruction-era civil rights to slowing the New Deal, the court's pro-business ideologues have time and again created "a chokepoint for progressive reforms." More recently, the divisive Bush v. Gore ruling and far-right Roberts Court offer Burns little comfort...

Author: /time Magazine | Title: The Skimmer | 7/13/2009 | See Source »

...find themselves in a very strange Kabuki war. Pyongyang is plainly the instigator, continuing its rash of missile and nuclear tests while apparently seeking hard currency by peddling weapons to all buyers. Like automated chess pieces, U.S. military assets have responded by moving into place: to thwart any missile launch, ground-based missile defenses are being deployed to Hawaii, and a nearly $1 billion 10-story, seaborne missile radar has been dispatched to keep an eye peeled for any missile launch from North Korea. It would clearly be a dumb move for North Korea to launch a missile toward...

Author: /time Magazine | Title: The North Korean Showdown Ratchets Up | 6/22/2009 | See Source »

...authorize the use of military force by navies conducting the interdictions, it does permit U.S. and allied warships to challenge vessels suspected of ferrying arms and nuclear components on the high seas. The international community, including traditional North Korean protector China, seems to be willing to try to thwart Pyongyang's nuclear proliferation efforts, as the New York Times first reported on June 16. "I've been talking with the Chinese since the late [1970s] about North Korea," former U.S. negotiator Evans Revere, now president of the Korea Society, told a Senate panel last week. Beijing's attitude is shifting...

Author: /time Magazine | Title: Will Offshore Searches Slow North Korean Nukes? | 6/17/2009 | See Source »

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