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...only one that has not yet unveiled at least draft legislation - must include in its draft a plan to pay for reform. The three Democrats (led by Finance chairman Max Baucus of Montana) and three Republicans (led by Chuck Grassley of Iowa) trying to hammer out a bipartisan agreement behind closed doors have made some progress on reaching a consensus. In addition to scrapping a requirement that employers provide workers with insurance, the senators are in favor of the excise tax and are reportedly targeting benefit packages that are worth more than $25,000 a year. As Len Nichols, director...

Author: /time Magazine | Title: Taxing Pricey Insurance: No Health-Care Cure | 7/28/2009 | See Source »

...Palestinians ("them") hate the settlements as a reminder of occupation, proof that if and when any agreement with Israel is forged, they will never get back the land they call theirs. The settlements have joined other intractable issues - like the desire of Palestinian refugees to return to villages their families left 60 years ago - that have stymied every effort to find peace in the Middle East for a generation. The Obama Administration says negotiations between the Palestinians and the Israelis can only proceed if Israel agrees to stop settling occupied land. "The settlements have to be stopped in order...

Author: /time Magazine | Title: Israeli Settlers Versus the Palestinians | 7/27/2009 | See Source »

...July 20, Governor Arnold Schwarzenegger and California legislative leaders reached a tentative budget agreement to plug the state's deficit, but it would involve making sweeping cuts in education and health services as well as taking billions from county governments. Democratic state assemblyman Tom Ammiano has introduced legislation that would let California regulate and tax the sale of marijuana. The state's proposed $50-per-oz. pot tax would bring in about $1.3 billion a year in additional revenue. Ammiano's bill was shelved this session, but he expects to introduce a revised bill early next year. (See TIME...

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

Cherney is demanding 20% of the shares in Rusal as part of an agreement he says was made at the creation of Rusal, when a company he owned was subsumed into the new entity. Berezovsky has supplied depositions to Cherney's team. Deripaska denies the allegations. His legal team argues that the case should be heard in Russia. Deripaska's attorney, Ali Malek, told the appeals court that the case had "absolutely nothing to do with [Britain...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

...Malek's point. Deripaska has a house in London, but Cherney is a resident in Israel, and the companies and events at issue are located in Russia, barring a disputed meeting in London at which an agreement may or may not have been reached. But the original decision to allow the case to proceed in Britain was made on the basis that Cherney's life and freedom could be at risk in Russia and he might not get a fair trial there. The ruling, effectively implying that the Russian court system could not be trusted, has done little to help...

Author: /time Magazine | Title: Russian Oligarchs Seek English Justice | 7/24/2009 | See Source »

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