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During Nicolas Sarkozy's first major Elysée press conference in January 2008, left-leaning editor Laurent Joffrin boldly asked whether the unprecedented powers the French President had consolidated in his hands - Sarkozy had just passed constitutional reforms to expand the President's role - hadn't created a veritable "elected monarchy" within the republic's democratic framework. "Monarchy means hereditary. Do you think I am the illegitimate son of Jacques Chirac, who installed me to the throne?" Sarkozy mockingly retorted, referring to his bitter relationship with his predecessor. "A man as cultivated as you saying something so stupid...

Author: /time Magazine | Title: Sarkozy Backs Appointment of Son to Key Job | 10/16/2009 | See Source »

...majority leader is also protecting his constituents. Dozens of governors have warned Congress about the bill's plans to expand Medicaid's rolls by millions of uninsured; most states have been strapped for cash in the economic downturn, many of them severely. But Nevada need not worry: thanks to Reid, the federal government is picking up its tab for the next four years. Such benefits for his home state have not gone unnoticed, or uncriticized. "I saw in a morning newspaper that Nevada was somehow miraculously taken care of in the provisions for Medicaid expenses," Tennessee Republican Lamar Alexander remarked...

Author: /time Magazine | Title: Health Care Turns to Harry Reid After Key Vote | 10/14/2009 | See Source »

...Education officials will closely monitor students' attendance and performance rates during the two-year duration of the Paris-area program. Even if the initiative succeeds, however, officials say they still won't expand it nationally if public opinion is against it. If that happens, the government may be faced with another dilemma: responding to students' angry complaints at being denied their monthly allowances...

Author: /time Magazine | Title: Should Students Be Paid to Do Well in School? | 10/12/2009 | See Source »

...While Murdoch and others called for greater access in China, Beijing is pushing its media voice abroad. Earlier this year the government reportedly set aside more than $4 billion to expand the global reach of the state-run broadcaster CCTV and the Xinhua News Agency. Last year CCTV created French and Spanish channels, and this year it added Russian and Arabic. The official China Daily newspaper began publishing a U.S. edition, and the Global Times, a nationalist tabloid run by the People's Daily, launched an English-language version. In January, Liu Yunshan, the head of the Communist Party...

Author: /time Magazine | Title: How Much Will Global News Outlets Bet on China? | 10/12/2009 | See Source »

...Ghilarducci, an economics professor at the New School, has proposed a plan in which the government would divert 5% of everyone's wages. In return, you would be guaranteed in retirement a check for 26% of your final salary every year until you died. Altman would also like to expand Social Security to pay an additional 20% of workers' final pay. It's unlikely Congress would go for that at the moment...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

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