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...five years since Jed Dorfman has been running Camp Walt Whitman, a posh haven complete with waterskiing and private boats in Piermont, N.H., that charges as much as $9,450 for a seven-week stay, he has had to work out payment plans and extend deadlines to help one or two families. Until this year, that is. A few months ago, with the enrollment deadline fast approaching, he called the families of several kids who had been coming to camp for years but hadn't signed up yet for 2009. He heard details about grandparents who had footed the bill...

Author: /time Magazine | Title: The Recession Hits Summer Camp | 7/2/2009 | See Source »

...endorse caps on malpractice claims in a speech to the American Medical Association two days later. Some physicians also oppose a public-health-insurance option, a centerpiece of Obama's plan. Anticipated draft legislation has been delayed while Capitol Hill continues to haggle over how to slash costs and extend coverage to the 48 million Americans without health insurance. Obama has exhorted lawmakers to produce a bill for him to sign by October...

Author: /time Magazine | Title: The World | 6/29/2009 | See Source »

...property protection, which is not particularly strong in China. And the U.S. may still be a contender. Sputnik sparked an extraordinary American effort that culminated in Neil Armstrong's 1969 moon walk, which sealed the U.S.'s supremacy in space. Last month, Washington launched a $25 billion program to extend cheap loans to carmakers to help in reconfiguring their assembly lines for electric cars and other fuel-efficient vehicles...

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

...Muhammad's son-in-law, the government tasked Muhammad with urging his former disciple to lay down arms in exchange for the government's implementation of Islamic law in the area. It soon emerged, however, that the Taliban had no intention of laying down arms, but instead sought to extend its reach, and Sufi Muhammad turned out to be an active enabler of their advance...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

...loans, which leads to a downgrading of the Treasury's credit rating and the unnerving of the global credit markets. Spooked, the Chinese government, which currently bankrolls a large portion of the U.S. deficit, decides to take its money elsewhere. The ripples from California's crisis would then extend far beyond the Sandovals and other families on the wrong end of the budget ax. (See TIME's gallery of Businesses Bucking the Recession...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

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