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...Most disturbing, the U.S. government cannot possibly regulate the global market. Oil is an international commodity, traded by Americans and non-Americans alike on exchanges both in the U.S. and overseas. The U.S. should not outsource markets by placing a divide between America and the rest of the world. Do regulators hoping to ease oil prices really want the dollar price of oil determined in Dubai, the backyard playground of the largest oil exporter? With the proposed regulation, foreign oil suppliers will have a greater futures-market share. The oil market will become more susceptible to manipulation by these suppliers...
...course, the union's other 49 states have quirky liquor laws of their own. In Pennsylvania and Idaho, for example, spirits can only be sold in stores controlled by "Alcoholic Beverage Control" agencies, colloquially known as ABC stores or Aunt Betty's Cupboard. In New York, liquor stores cannot be jointly owned, and the sole proprietor is required to live within a certain distance of his or her establishment - a stipulation that effectively bans chains. In Kansas, a state that outlawed alcohol sales until 1948 - a full 15 years after Congress repealed Prohibition - 29 counties still don't allow...
...year window.) As a result of that tighter fiscal constraint, Conrad said, any bill that passes under reconciliation would likely provide "dramatically less health reform." And the parliamentary hurdles are high. Opponents would have the power under Senate rules to strike every provision of the bill that cannot be shown to reduce the federal deficit. The result, Conrad said, could look like "Swiss cheese." (Watch TIME's video "Uninsured Again...
...With salmon and wood smoke fragrant in the endless summer evening, amid wet socks and waders and red rubber fishing gloves, Palin tells TIME, "I cannot predict what's going to happen. I don't know what doors will be open or closed by then. I was telling Todd today, I was saying, 'Man, I wish we could predict the next fish run so that we know when to be out on the water.' We can't predict the next fish run, much less what's going to happen...
...Still, that legacy could come undone if the pressing domestic problems of infrastructure, poverty, bureaucratic reform and corruption are not dealt with promptly. While most agree the latest elections further solidify democratization, others warn that the country's authoritarian past cannot be forgotten. "We are going back to a one-man show," says Nico Harjanto, a political researcher at the Centre for Strategic and International Studies in Jakarta. "This is more dynasty politics." Given that one of SBY's sons, at 28, was the largest vote-getter in the Parliamentary elections without ever having given an interview that might...