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...Ultimately, the U.S. may be heading toward a similar brand of nuclear socialism. Obama talks about massive nuclear subsidies as just one part of his larger clean-energy agenda, but he hasn't made them contingent on GOP support for that larger agenda. So the nuclear subsidies are sure to pass, while the larger agenda is likely to stall. Eventually, extravagant government largesse might create a nuclear rebirth of sorts - but it might end up strangling better solutions in their cribs or prevent them from ever being born...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

...would actually weaken consumer protection. Nobody is defending the recent performance of the Federal Reserve, the Office of the Comptroller of the Currency (OCC) or any of the other financial agencies with current consumer-protection duties. But that doesn't necessarily mean those duties should be transferred to a brand-new bureaucracy. As JPMorgan Chase CEO Jamie Dimon has been asking privately: If my legal department screws up, do I create a new legal department? Some bank lobbyists argue that consolidating all consumer protection in just one new agency would be like leaving just one rookie cop patrolling a highly...

Author: /time Magazine | Title: The Case for a Consumer Financial Protection Agency | 2/17/2010 | See Source »

...make us feel better to label the IRGC as a terrorist organization, but it's more instructive to look at things from the IRGC's perspective. It truly believes that its brand of asymmetrical warfare can defeat a modern, well-equipped force in a limited war. It did so in Lebanon, and given the right circumstances, it would do so in other parts of the Middle East. But the real point is that in a limited war with the U.S. and Israel, the IRGC could predominate, or at least wear us down to the point that we would decide...

Author: /time Magazine | Title: Why Sanctions Won't Beat Iran's Revolutionary Guards | 2/17/2010 | See Source »

...dangerous acceleration--even though the DOT has been criticized for the same reason. Lawyers, who are never slow to react, are swarming. One class action alleges that jammed accelerators on Toyotas have caused 16 deaths and 243 injuries. Customers who once wouldn't have thought about looking at another brand now have reason...

Author: /time Magazine | Title: Spotlight: Toyota's Recall | 2/15/2010 | See Source »

Today that brand of moderate Republicanism remains a force in state and local politics. At the national level, however, it is nearly extinct. Northeastern or California Republicans who aspire to national office often feel compelled to reinvent themselves: see Romney, Mitt, career...

Author: /time Magazine | Title: Republicans Must Embrace the Vital Center | 2/15/2010 | See Source »

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