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In recent years, the world has increasingly been cleaving into two zones: smoking and nonsmoking. In the U.S. and other developed countries, Big Tobacco is in retreat, chased to the curbs by a combination of lawsuits, smoking bans, rising taxes and advertising restrictions. Fewer than 20% of adult Americans now...

Author: /time Magazine | Title: Big Tobacco Sets Its Sights on Africa | 7/24/2009 | See Source »

While 13 states permit the limited sale of marijuana for medical use, and polls show a steady increase in the number of Americans who favor legalization, federal law still bans the cultivation, sale or possession of marijuana. In fact, the feds still classify marijuana as a Schedule I drug, one...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

Others are veteran members of the so-called Blue Dog Coalition, which consists of Democrats from less-than-liberal districts. Seven of the eight Blue Dogs on the crucial House Energy and Commerce Committee have threatened to block health-care legislation unless it puts a lid on costs. Resistance strengthened...

Author: /time Magazine | Title: Why the Blue Dogs Are Slowing Health-Care Reform | 7/24/2009 | See Source »

With the U.S. trillions of dollars in the hole, 70 cents an hour sounds like chump change. But it's a big boost for the millions of workers who earn that much extra as of July 24. The increase is the third and final uptick in a hike that has...

Author: /time Magazine | Title: The Minimum Wage | 7/24/2009 | See Source »

Former U.S. Federal Reserve Chairman Alan Greenspan argued that bubbles could only be recognized in hindsight. But investors - who have been well schooled in the dangers of bubbles over the past decade - are increasingly wary that prices have risen too far, and that the slightest bit of negative economic news...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

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