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...deeper reasons: direct democracy run amok, timid governors, partisan gridlock and a flawed constitution have all contributed to budget chaos and people in pain. And at the root of California's misery lies Proposition 13, the antitax measure that ignited the Reagan Revolution and the conservative era. In Washington, the Reagan-Bush era is over. But in California, the conservative legacy lives on. (Read TIME's report: "Can the U.S. Afford to Let California Fail...

Author: /time Magazine | Title: The Legacy of Proposition 13 | 6/27/2009 | See Source »

...crusader was a policy genius not unlike Franklin D. Roosevelt. Both shared an affinity for designing deep structural change that, once embedded in the political system, is nearly impossible to alter without a massive change of heart by voters. Social Security is the lasting legacy of the New Deal era because F.D.R. understood that workers who contribute payroll-tax deductions from their paychecks would not want politicians tinkering with their retirement dollars. Conservatives have mounted assaults on Social Security through the years but to no avail...

Author: /time Magazine | Title: The Legacy of Proposition 13 | 6/27/2009 | See Source »

...late '90s, software entrepreneur John Zitzner was pretty close to being bankrupt. Yet within six months - in one of those typical "holy crap" dotcom-era stories - Zitzner had sold his company and become "a very modest millionaire." Fantastic. And in one of those typical "What do I do with all this money?" stories, he decided to help make the world a better place - specifically by co-founding a charter school in Cleveland. (Read TIME's report: "How to Raise the Standard in America's Schools...

Author: /time Magazine | Title: Can Charter-School Execs Help Failing Public Schools? | 6/27/2009 | See Source »

...smile. Her body was athletic, her arms honey-glazed. And that wild mane of hair gave rise to the rumor that a lion at the San Diego Zoo had been secretly scalped. The whole package was alluring but not shamelessly sexy; a throwback to pinup queens of an earlier era, it signaled the freewheeling fun of the ultimate Dallas Cowboys cheerleader. If the big, bulky computers of the day could have programmed America's ideal of itself - shiny, confident, radiating pleasure, promising not so very much - Fawcett would have been the printout...

Author: /time Magazine | Title: Farrah Fawcett: The Golden Girl Who Didn't Fade | 6/26/2009 | See Source »

...What is becoming clear is that the fossil-fuel-fed industrial era is ending and that the leading power of that age, the U.S., might not be able to maintain its economic dominance. New Energy Finance, a provider of information and analysis on low-carbon technologies, estimates that investment in clean energy in Europe last year reached nearly $50 billion. The figure for North America is a much lower $30 billion. (Read more about the green-energy ideas out there...

Author: /time Magazine | Title: Asia Challenges the U.S. for Green-Tech Supremacy | 6/25/2009 | See Source »

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