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...such bill would have been unimaginable a year ago. And the timing was perfect. With do-or-die climate negotiations set for the U.N.'s global-warming summit in Copenhagen at the end of the year, the U.S. needed to show the world that it was ready to act on carbon emissions. All that was left was passage by the Senate. (See pictures of the effects of global warming...

Author: /time Magazine | Title: Another Health-Care Casualty: Cap and Trade | 9/16/2009 | See Source »

...leadership - that the Senate would tackle cap-and-trade legislation this fall, it's looking increasingly as if the U.S. will go to Copenhagen with no national carbon caps in place. Senate majority leader Harry Reid told reporters on Sept. 15 that the Senate might have to wait to act on cap and trade until after tackling health care and banking reform. "We still have next year to complete things if we have to," he said...

Author: /time Magazine | Title: Another Health-Care Casualty: Cap and Trade | 9/16/2009 | See Source »

...future, when evolving circumstances will require policies that we cannot predict now. As a result, there must be reform in the future in order to keep up with changes in how we receive health care. You cannot say the same for climate-change policy. If we fail to act now, there is substantial scientific evidence that we may not get another chance. Estimates suggest that if we surpass the two-degree Centigrade limit adapted by the G-8 this summer, 20-30 percent of species could go extinct and more than 1.5 billion people worldwide could face major water shortages...

Author: By A. patrick Behrer | Title: Don't Forget Waxman-Markey | 9/16/2009 | See Source »

...cost of any loan that is not paid back. The second way is the direct-loan program, created in 1993 as an alternate option, in which the government cuts out the middle man, lends money directly and gets all the profits. If the Student Aid and Fiscal Responsibility Act (SAFRA) passes both houses of Congress, the approximately 4,500 colleges and universities that are currently signed up for FFEL will have to abandon the program and start using the direct-loan option by July...

Author: /time Magazine | Title: Obama's Student-Loan Plan: A 'Good' Takeover? | 9/16/2009 | See Source »

Says one top Afghan official: "We and the Americans gave the Pakistanis the addresses of madrasahs [religious schools] where the Taliban are training young recruits and suicide bombers, but the ISI refuses to act." Now that Pakistani authorities are finally realizing that support of an Islamist revival in Afghanistan comes with its own risks at home, that attitude may start to change. Only with the loss of his Pakistani sponsors can Mullah Omar and his Taliban be coaxed into striking a truce with Karzai...

Author: /time Magazine | Title: Behind the Taliban's Resurgence in Afghanistan | 9/16/2009 | See Source »

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