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...14billion House version and a $15billion Senate version with a $23billion consensus bill. Defenders say it has been seven years since Congress approved flood-control projects, and House Speaker Nancy Pelosi has championed the bill. But the corps already has a more than $50billion backlog of unfinished projects, and investigations had exposed its dysfunctional habits--wasting money, draining wetlands, cooking its books to justify boondoggles--long before its bungling drowned New Orleans. Still, corps projects are a form of currency on Capitol Hill, a way to flex political muscle even if they never get funded...

Author: /time Magazine | Title: Pork in the Water | 11/8/2007 | See Source »

...strike drags on, neither side may like the answer. The 1988 strike lasted five months, but TV didn't have to compete with the Internet or Netflix, and Tetris wasn't quite so involving as Halo 3. (Movies are less affected because they have a bigger backlog of scripts...

Author: /time Magazine | Title: Will the Writers' Strike Solve Anything? | 11/7/2007 | See Source »

...fall, wrote that “the UC’s grants fund is broke. Of the $285,000 it originally designated for student group funding, the UC has about $28,000 left.” This, with three months remaining in the 2006-2007 academic year, and a backlog of grant requests remaining to be denied. At the end of last semester, with this poverty as its pretence, the UC turned down dozens of proposals from student groups, and even voted down a proposal to provide House dining halls with free copies of The New York Times, which would...

Author: By Adam Goldenberg | Title: Show Me The Money | 10/16/2007 | See Source »

...profit in nearly four years, at $1.1 billion. And for the first time, its commercial-airplane unit earned more than its defense side; half-year revenues increased 15%, to $16.3 billion, with a 13% increase on airplane deliveries over 2006. (Defense revenues increased 5%, to $15.7 billion.) Boeing's backlog of orders increased 47%, to a record $208 billion, more than seven times the unit's 2006 revenues...

Author: /time Magazine | Title: How Boeing Got Going | 8/30/2007 | See Source »

...Congress has consistently ignored them. This time, the House initially passed a $14 billion version of the bill, the Senate a $15 billion version. Somehow, the two chambers compromised on a $20 billion bill - even though the Corps already has a $58 billion backlog of unfinished projects. The House and Senate versions both had $31 million for a marine terminal in Portsmouth, Virginia, but the final version had $356 million, because Senator John Warner of Virginia served on the House-Senate committee that drafted it. Who said compromise was dead...

Author: /time Magazine | Title: Setting the Stage for More Katrinas | 8/2/2007 | See Source »

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