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...Obama told the New York Times, and he questioned whether giving people "a hip replacement when they're terminally ill is a sustainable model." This is the most sensitive health-care issue imaginable. But the question of whether the government can decide which health-care treatments are appropriate is central to whether an affordable universal system can be devised. Part of the answer is implicit in the electronic medical-records system that Obama has proposed: it will be easier to determine which treatments are cheaper and more effective. The other part of the answer involves an essential change in Medicare...

Author: /time Magazine | Title: The Fire This Time: Is This Health Care's Moment? | 5/7/2009 | See Source »

Bernanke has proven himself to be a particularly talented public servant. He saw the credit crisis coming and adjusted the central bank's policies at a rate which was abnormally fast based on Fed history. He offered hundreds of millions of dollars of liquidity to banks that probably would have collapsed without it. He manhandled the people who got in his way, most recently Ken Lewis from Bank of America...

Author: /time Magazine | Title: Putting Bernanke on the Shelf for a Year | 5/6/2009 | See Source »

...Panama nine years ago, the independent Panama Canal Authority (ACP) has run it more efficiently, more safely and more profitably than the Americans did. Too bad, most Panamanians say, that their government is still best known for the kind of corruption and waste that has marred the small Central American country's reputation ever since pirates haunted the Caribbean. If they could just run the nation the way they run the canal, Panamanians believe, they could become a world-class maritime commercial and financial center - the Hong Kong of the Americas. Or maybe give Miami a run as the unofficial...

Author: /time Magazine | Title: Panama's New President: A Boost for Business | 5/5/2009 | See Source »

Martinelli is bucking a leftward trend in Central America - a region that, despite its signing of a free-trade pact with the U.S. a few years ago, has since seen leftist Presidents take power in Nicaragua and El Salvador and more centrist governments like those in Honduras and Costa Rica join energy alliances with left-wing Venezuelan President Hugo Chávez. "I think this shows that, at least in countries where the democratic rules of the game are accepted, more right-of-center politicians like [President Alvaro] Uribe in Colombia or [President Felipe] Calderón in Mexico...

Author: /time Magazine | Title: Panama's New President: A Boost for Business | 5/5/2009 | See Source »

...that will overcome all the old, separating discourses of 'us,' vs. 'them' in order to construct a 'we' that includes everyone." By us vs. them, López means nationalists - those who support greater autonomy - and other parties including his own socialists, who support a closer relationship with the central government of Spain. (Read about Spain's Basque problems...

Author: /time Magazine | Title: New Basque Govt.: A Blow to Separatists? | 5/5/2009 | See Source »

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