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...Rahul Gandhi's campaign rallies, and watched his cousin Varun's inflammatory speeches on YouTube. I calculated the anti-incumbency factor and tracked the post-Mumbai-attacks backlash vote. Counting day - a holiday in India - was dramatic. By the afternoon of May 16, the alliance led by the Congress Party, which had been expected to squeak through to a majority, won decisively. But when it was all over, and the purple ink marks on my neighbors' fingers had started to fade, I couldn't help but feel a little disappointed. The answers to India's deepest problems seemed...

Author: /time Magazine | Title: Falling Short | 6/1/2009 | See Source »

...after nearly 62 years as an independent nation, India is still not getting enough real change from its exercise of democracy. Indira Gandhi ran on the slogan "Garibi Hatao" (Abolish Poverty) in 1971. Her Congress Party, led by her daughter-in-law Sonia and grandson Rahul, is promising the same thing 38 years later, though less poetically ("Inclusive Growth"). And yet in Rae Bareli and Amethi, the two constituencies that the Gandhi family has represented almost without interruption, literacy is below the national average, less than 40% of villages have electricity and most of the roads are unpaved. The Congress...

Author: /time Magazine | Title: Falling Short | 6/1/2009 | See Source »

...that gave the Treasury Department permission to spend $700 billion to rescue the nation's ailing financial system. The panel, which is headed by Harvard Law professor Elizabeth Warren, has no legislative or official regulatory powers. It is supposed to monitor the Treasury's spending and report back to Congress as to whether it is being effective in boosting lending and shoring up the financial sector...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...pressuring of CIA by (along with Rumsfeld) to lie to Congress more than three decades...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 5/29/2009 | See Source »

...usual budget process, via so-called supplemental appropriations. Gates has included the war funding in his base budget, "so the programs will be institutionalized and the various services will fight for them." He insists that he is not abandoning the fancy hardware and future gizmos that his predecessors and Congress loved. "The things we've cut," he told me, "wouldn't have been in the budget even if we had $50 billion more to spend. They were programs that simply were unnecessary or weren't working...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

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