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...advisers who wrote the paper, Christina Romer and Jared Bernstein, went on to land key jobs in the Obama Administration. Romer is the head of Obama's Council of Economic Advisers, and Bernstein is the chief economist and economic-policy adviser to Vice President Joe Biden. And the stimulus bill that both economists championed became law in mid-February. What has not come to pass, however, is the boom in job creation that Romer and Bernstein predicted. A little over a month ago, the Administration said the stimulus bill had created or saved 150,000 jobs. That...

Author: /time Magazine | Title: Obama's Stimulus Plan: Failing by Its Own Measure | 7/14/2009 | See Source »

...Tehran Sore Winner Iran's Guardian Council has officially confirmed the re-election of hard-line President Mahmoud Ahmadinejad, following a recount of some 10% of the ballots cast in the country's disputed June 12 election. Tehran has warned that it won't tolerate further protests; the harsh government crackdown has killed as many as 20 people and caused Iran's worst unrest since the 1979 Islamic revolution. The formal results were met with skepticism abroad. U.S. Secretary of State Hillary Clinton said the U.S. has not decided whether to recognize Ahmadinejad's victory, noting that the protests have...

Author: /time Magazine | Title: The World | 7/13/2009 | See Source »

...vote-rigging, and days of violence followed the closing of the polls in Managua. Instead of finding atonement in politics, Arguello found controversy and ridicule. He was accused of winning by fraud and lampooned as a bumbling fool. The media dubbed him the "mayor appointed by the Supreme Electoral Council," and insinuated that his office was incompetent and corrupt - charges that would have felt like a low blow to a man who had prided himself on his transparency and ability to get things done...

Author: /time Magazine | Title: How Politics Took Down Nicaragua's Boxing Champ | 7/13/2009 | See Source »

Arguello's relationship with the Sandinistas also became strained, as Murillo appointed several yes-men to run the mayor's office. On several occasions, city council meetings were run by Arguello's handlers in his absence. His main function as mayor seemed to be to sit behind Ortega at Sandinista rallies and stand and wave to the crowd when announced by name...

Author: /time Magazine | Title: How Politics Took Down Nicaragua's Boxing Champ | 7/13/2009 | See Source »

...between stints with various special-operations units, McChrystal pulled tours at the Council on Foreign Relations and Harvard. Before coming to the Pentagon, he spent 2003 to 2008 heading up the Joint Special Operations Command, the secret corps of Army Delta Force and Navy Seals based at Fort Bragg in North Carolina, although McChrystal deployed regularly to its forward post inside Iraq. In 2006 his unit succeeded in tracking down and killing Abu Mousab al-Zarqawi, the leader of al-Qaeda in Iraq. McChrystal's record has not been without controversy. After the 2004 death by friendly fire of former...

Author: /time Magazine | Title: A New General, and a New War, in Afghanistan | 7/10/2009 | See Source »

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