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...year, it has become clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending and new construction in 2010, and place...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...patriotic American disappointed with our government. I ran to support the Tea Party until Sarah Palin stepped forward. I am frustrated with Congress and baffled about how money is spent without any regard for accountability. I hope the Tea Party listens to the people and succeeds in holding our government accountable. Barbara Arlen Kissimmee...

Author: /time Magazine | Title: Inbox | 3/22/2010 | See Source »

Critics of the deal say that an Executive Order can be rescinded at any time at the pleasure of the President or by an act of Congress. Stupak, though, said that the leaders were close to reaching 216 without him and he felt this was the best deal his group could get. "I will continue in the future to push for statutory language," he said, adding that he has been assured by the White House and Democratic leaders that they will not challenge the order. (See the 10 key players in health care reform...

Author: /time Magazine | Title: Health Care Clincher: The Importance of Being Stupak | 3/21/2010 | See Source »

House Democratic sources credited Representative John Dingell, the longest serving member in the history of Congress and dean of the Michigan delegation, for bringing Stupak around. Stupak, a Dingell protégé, was in tears when Dingell lost his House Energy and Commerce gavel to Henry Waxman last year - the committee is the only one Stupak has served on since his election to Congress in 1992. Health care reform has been Dingell's top priority during his 54 years in office and, in fact, the House bill was named for him. "Mr. Dingell had a piece of me yesterday...

Author: /time Magazine | Title: Health Care Clincher: The Importance of Being Stupak | 3/21/2010 | See Source »

...like her punishments as a mother. "As one of five kids, you wanted her attention. The worst thing she could do is ignore you," says Alexandra Pelosi, her youngest daughter. "If she cut your head off, I don't know that you'd know that you're bleeding." In Congress this means committee assignments, says Majority Whip Jim Clyburn, the No. 3 House Dem. "She controls the steering and policy committees," Clyburn says. "Everyone knows that what the speaker wants, the speaker gets." (See a pictorial history of Nancy Pelosi...

Author: /time Magazine | Title: Getting Her Way: Pelosi's Powers of Persuasion | 3/20/2010 | See Source »

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