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...chance that such a fragile coalition of politicians, greens and auto executives could collapse. But the very fact the White House brought - and kept - everyone at the table offers some hope as the much tougher battle over carbon cap and trade boils in Congress. "President Obama made the creation of a clean-energy economy a key aspect of his domestic agenda, and he's fulfilling that," says Weiss. It's a good start - but there's still a long road ahead...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

...money has been well spent. There was the housing development built in a hurry in a wooded area south of town that now stands largely empty. "If we'd thought about it properly, we wouldn't have done it," she admits. Then there are the government-sponsored job-creation programs that failed to live up to their name, and the startups that quickly shut down again because they depended more on government subsidies than on a smart business plan. (See pictures of the global financial crisis...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...state in the West Bank and Gaza. The two-state solution to the Israeli-Palestinian conflict is the keystone of U.S. policy in the Middle East, and Obama and Secretary of State Hillary Clinton are demanding that Netanyahu sign on. Netanyahu has hinted that he does not oppose the creation of a Palestinian state, but aides say he must move cautiously because his religious-nationalist coalition partners refuse to give away land...

Author: /time Magazine | Title: Israel's Netanyahu: Taking a Turn Toward Pragmatism? | 5/18/2009 | See Source »

...included social entrepreneurs and activists, First Lady Michelle Obama announced that as part of the new Serve America Act, the White House is creating the Social Innovation Fund to help nonprofits and individuals who are working on creative solutions to the nation's most difficult challenges. TIME supported the creation and passage of the Serve America Act, and Mrs. Obama's speech--she is, by the way, a TIME 100 honoree--was a fitting capstone to both the evening and the movement for national service. She cited three young social entrepreneurs who are tackling problems in education, health care...

Author: /time Magazine | Title: The TIME 100 Gala | 5/18/2009 | See Source »

...raised the possibility of the remnants of the LTTE regrouping into a diffuse guerrilla operation. But without its top leadership, a personality-driven movement like the LTTE is unlikely to last long. It could also continue in some form in the Tamil diaspora, though its reason for being - the creation of a Tamil homeland, or eelam - is essentially destroyed. The leadership of what remains of the Tigers - mainly its international network - is likely to be assumed by Selvarasa Pathmanathan, who now heads the global operations but who was better known as the Tiger's chief arms-procurement agent. Prabhakaran...

Author: /time Magazine | Title: Colombo: Tamil Tiger Leader Killed in Ambush | 5/18/2009 | See Source »

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