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California is a state in crisis. Negotiations to resolve its $26.3 billion budget deficit are weeks behind deadline, more than $470 million worth of IOUs are clogging government ledgers and its state bonds are trading at near junk status. It's been a long, slow tumble from the Golden State's glamorous peak in the 1960s--when Governor Pat Brown built an efficient network of freeways and thriving, affordable public universities--to today's insolvent government beset by an unwieldy constitution and decades of mistakes...

Author: /time Magazine | Title: Spotlight: California's Budget Crisis | 7/27/2009 | See Source »

...currently trails Japan, Europe, and China in the number of top renewable energy companies. America currently ranks third behind Germany and Japan in installed solar capacity, and is first by a slim margin in installed wind capacity, ahead of Germany, a country with less than a third of our population. The American Clean Energy and Security act (ACES), the federal climate and energy legislation under consideration this summer, which has cleared the House, but is likely to be watered down, if it ever passes the Senate, would aim for between 12 and 15 percent renewable energy by 2020. If other...

Author: By Clay A. Dumas | Title: Falling Behind | 7/27/2009 | See Source »

...might as well have been hooked up to tubes and on the brink of death. I was forbidden from riding in cars with friends. As for my own license? If even Christine, my "responsible" friend, managed to get us into an accident, then I shouldn't ever be allowed behind the wheel. Since I was in no position to pay for my own car or insurance, I didn't argue...

Author: By Lena Chen | Title: The View from the Passenger Seat | 7/27/2009 | See Source »

...their respective bills before their monthlong August recess. That, to say the least, is not going according to plan. The Senate said on July 23 it would not make the deadline, and the House is also looking increasingly unlikely to produce a bill by then. This slows the momentum behind the President's top priority, giving opponents extra time to sow doubts in both politicians and the public. But it also raises the question: Why can't a popular President with poll numbers in the 60s and supermajorities in both chambers of Congress get this done? Here are the five...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

...Committee Chairman Max Baucus of Montana, Senate Budget Committee Chairman Kent Conrad of North Dakota and Senate Energy Committee Chairman Jeff Bingaman of New Mexico) and three Republicans (top Finance Republican Chuck Grassley of Iowa, top HELP Republican Mike Enzi of Wyoming and Olympia Snowe of Maine) - are weeks behind schedule and are rushing to finish a bill before recess. But even if they're successful, the leadership would still need time to marry the HELP and finance bills together plus at least two weeks of floor debate before they could pass a final version - a process now bumped until...

Author: /time Magazine | Title: The Five Biggest Hurdles to Health-Care Reform | 7/27/2009 | See Source »

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