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Faced with troubling signs of a stalling recovery, investors sent the U.S. stock market down sharply on June 15. At the day's close, the Standard & Poor's 500 Index was off 2.4%, with the steepest drops suffered by major banks and commodity producers. Bank of America, the most actively traded stock during the day, saw its price shed nearly 2.8%. The Dow fell 2.1% to close...

Author: /time Magazine | Title: A Stock-Market Pullback: Is the Recovery Stalling? | 6/16/2009 | See Source »

...Another way a public plan could drive down costs is by forcing private insurers to be more transparent. "The public plan will teach the country what this stuff actually costs," says Len Nichols, director of the New America Foundation's Health Policy Program and co-author of a March 2009 proposal for a public-plan option. Nichols says a public plan could provide a "credible benchmark" that consumers could use to measure whether private insurers are offering fair rates...

Author: /time Magazine | Title: Will the Public Plan Make or Break Health Reform? | 6/16/2009 | See Source »

...Asian nations) and also speaks briefly with Russian President Dmitri Medvedev. Deputy Foreign Minister Sergei Ryabkov endorses Ahmadinejad and says, "We welcome the fact that the elections have taken place, and we welcome the newly re-elected Iranian President on the Russian soil." During the summit itself, Ahmadinejad says "America is enveloped in economic and political crises, and there is no hope for their resolution." Neither the Iranian election nor unrest were mentioned...

Author: /time Magazine | Title: Iran Election: Khamenei Calls for National Unity | 6/16/2009 | See Source »

...days since Iran's troubled election, hard-liners in Israel and neoconservatives in America have made no secret of their glee at still having Ahmadinejad as an antagonistic foil to help build support for taking a tougher line on Tehran's nuclear ambitions. But there is also widespread relief in the Administration, as well as among some moderates on Capitol Hill and in Europe, at the result. Despite all the attention paid to the office of the Iranian presidency, nuclear policy is set by the religious leaders of the country, and they have shown a determination to amass enriched uranium...

Author: /time Magazine | Title: White House on Iran Election: A Diplomatic Plus | 6/15/2009 | See Source »

...with Moscow or Beijing. Headlines in the international press tout the advent of the new "Great Game" in a region that for centuries has been at the whim of larger forces. Not many locals are that interested, though. "We waited and hoped for democratic change after the influence of America," says Umida Niyazova, a journalist and prominent Uzbek activist living in exile in Germany. "But the years since have only brought more instability...

Author: /time Magazine | Title: Could Central Asia Be the Next Flashpoint? | 6/15/2009 | See Source »

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