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...just as important to maintain public confidence in the enterprise, especially in an age of $500 million helicopters and Bridges to Nowhere. At the White House, this worry translated into a simple if fuzzy standard for deciding which projects pass muster: prudence. "It's like pornography," says Edward DeSeve, the senior adviser to the President for recovery and reinvestment. "You know prudence when...

Author: /time Magazine | Title: What Happened to the Stimulus? | 7/1/2009 | See Source »

That the bill - also known as Waxman-Markey after its co-sponsors, the Democratic Congressmen Henry Waxman and Edward Markey - is historic is obvious, as it marks the first successful attempt by Congress to address climate change at a national level. But as the bill moves to the Senate, where the virtual requirement for 60 votes means that passage will be even more difficult, it's far less clear that Waxman-Markey is strong enough to meet the long-term threat of global warming. The sheer difficulty of the negotiations that produced this 1,300-page bill - and the fact...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

...know anything about cars.' EDWARD WHITACRE JR., the newly appointed chairman of GM, who added that "a business is a business, and I think I can learn...

Author: /time Magazine | Title: Verbatim | 6/22/2009 | See Source »

...making celibacy a voluntary discipline for priests. Because it is a rule and not an unchangeable dogma, the celibacy requirement could be altered or rescinded by the Vatican if it chose to do so. Earlier this year, advocates of celibacy reform got a surprising boost from then-outgoing Cardinal Edward Egan of New York, who told a Catholic radio host that the celibacy question was "a perfectly legitimate discussion." He suggested that celibacy might not be a reasonable expectation in every locale. "I am not so sure it wouldn't be a good idea to decide on the basis...

Author: /time Magazine | Title: Sex and the Priestly: Father Cutie Renews Celibacy Debate | 6/21/2009 | See Source »

...timing of the new report is perfect. A bill to cap U.S. carbon emissions, sponsored by Democratic Representatives Henry Waxman and Edward Markey, is making its way through Congress and could be up for a vote in the House of Representatives as soon as next week. Although the bill has the support of the White House and has been watered down considerably to earn centrist and conservative votes, it will still struggle to become law. Opponents argue that cap and trade will ruin the U.S. economy by raising energy prices. But while there are arguments to be made against...

Author: /time Magazine | Title: Climate-Change Report: From Bad to Worse | 6/17/2009 | See Source »

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