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...sigh of relief now that most have their new budgets in place, but that is not the case. Dread is more like it. If FY 2010 budgets follow a pattern similar to the ones in the past two years, new gaps will emerge after the fiscal year begins-in fact, some states already are reporting new shortfalls just weeks into the new fiscal year...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...decide to christen your proposal "the Madoff bill" now that federal authorities have seized Madoff's assets. The bill itself does not relate directly to Mr. Madoff because he'll be in a federal prison. [Tedisco's version only covers local and state prisons.] But it refers to the fact that right now, he's a poster person for somebody who has gained monetarily by breaking the law - and is going to continue to victimize taxpayers by being in prison for the rest of his life and getting three square meals a day. There are enough wealthy people who have...

Author: /time Magazine | Title: Making Prisoners Pay — Literally | 7/22/2009 | See Source »

...press conference is only one of the signs that Obama is in fact getting more engaged. On July 21, he met for more than two hours with the Blue Dog faction. At the end of the session, the Blue Dogs agreed to press House leaders to include in the bill a provision that would take the job of setting Medicare rates out of the hands of Congress and give it to an independent agency. Presumably, that agency would have more expertise and be less susceptible to political pressure. Obama Budget Director Peter Orszag has called such a move a "game...

Author: /time Magazine | Title: Obama's Health-Care Push: Congress Says It's About Time | 7/22/2009 | See Source »

...fact, despite the challenges he has faced this month and his looming lame-duck status, Hu may actually be at the height of his power, says David Zweig, who teaches political science at the Hong Kong University of Science and Technology. "It takes any new party secretary four to five years just to get the party under control after he takes over," Zweig says. "Having appointed many of his stalwarts to senior (posts), Hu is now probably in a position to exert considerable influence on decisions even after he steps down in 2012 through his control of the Organization Bureau...

Author: /time Magazine | Title: Could Corruption Probe Linked to Son Hurt Hu? | 7/22/2009 | See Source »

...Addario, who identifies herself as a high-priced prostitute, made the recordings with her cell phone. She says she has handed magistrates the Berlusconi recordings, as well as recordings of calls with Tarantini, in which he advises her of how much she will be paid and the fact that Berlusconi doesn't use a condom. "You're not going as an escort, though, but as a friend of mine," Tarantini tells her. (Read "Berlusconi and the Girl: No Spice, Thank...

Author: /time Magazine | Title: The Berlusconi Tapes: 5 Ways to Evade the Scandal | 7/22/2009 | See Source »

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