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...state legislature doesn"t act, perhaps California voters will. One group is preparing to place a statewide initiative for the November 2010 ballot that would regulate and tax the sale of marijuana for Californians 21 years of age and older. Tellingly, the group spearheading the measure calls itself TaxCannabis2010.org, stressing the revenue advantages of marijuana legalization. The group hopes to collect the required 650,000 voter signatures by January to place the measure on the ballot...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

...Moore, it's not a matter of heart. He strongly favors reform. "The American people have spoken, and they clearly want a better health-care system," he says. "If we don't act this year, costs for everyone are going to rise." The problem is runaway spending. "Voters want us to get some kind of a lid on costs," he continues. "They aren't looking for a huge tax increase. Small businesses are struggling to make ends meet...

Author: /time Magazine | Title: Why the Blue Dogs Are Slowing Health-Care Reform | 7/24/2009 | See Source »

...Keith, and Howard University law professor Patricia Worthy, to have experienced insult at the very height of their careers. The insidious nature of racial presumption is that the offending white person is often unaware of his or her insulting actions and has no deliberate intention to commit a racist act. For Franklin and Keith, the humiliating incidents were not police-related, but they were unfortunately all too common experiences for many black people. Nor have successful black persons been immune from police arrest or harassment, even though innocent of any crime. Racial profiling by the police has long been...

Author: By Evelyn B. Higginbotham | Title: An Open Letter to Professor Gates | 7/23/2009 | See Source »

...What would you want to see change? I would hope that folks in the Obama Administration would somehow link bonuses to long-term corporate productivity or long-term shareholder value - long-term meaning four to five years instead of five months or a year - and reinstate the Glass-Steagall Act [that separated investment and commercial banking]. These are big reforms, but they'd give you a more stable landscape to make even more changes. Part of what I learned is that the very kinds of daily practices that created the boom in the first place - wanting to book as many...

Author: /time Magazine | Title: An Anthropologist on What's Wrong with Wall Street | 7/22/2009 | See Source »

With the California bill in the bag, Fong now plans to take the issue to Congress, where he will request an apology for the Chinese Exclusion Act, the only federal law ever enacted to deny immigration based exclusively on race or nationality. Passed in 1882, the law was not fully repealed until 1943, after China and the U.S. became allies in WWII. Given President Obama's decision to appoint Gary Locke as Commerce Secretary and Steven Chu as Energy Secretary, Fong says he's confident of the bill's passage. "As a person of color, President Obama would understand these...

Author: /time Magazine | Title: California Apologizes to Chinese Americans | 7/22/2009 | See Source »

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