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Mr. Obama has been president for little over a year. He inherited from his predecessor an economy deep in recession and two costly and ill-managed wars that have done serious damage to our exploding federal deficit. Few American presidents have entered office under such trying circumstances. This makes Ms...

Author: By Nicholas Nehamas | Title: LETTER | 2/18/2010 | See Source »

After the fireball, Cullin said, the black-glass windows blew out and the venetian blinds starting flapping in the wind. The building houses regional offices of the IRS and other federal agencies. As one unidentified office worker from the building said, "If you have problems with the IRS, this is...

Author: /time Magazine | Title: The Austin Plane Incident: An Attack on the IRS? | 2/18/2010 | See Source »

The result, unsurprisingly, is that Americans don't like Washington very much. According to a CNN poll conducted in mid-February, 62% of Americans say most members of Congress do not deserve re-election, up 10 points from 2006. Public skepticism about the Federal Government and its ability to solve...

Author: /time Magazine | Title: Why Washington Is Tied Up in Knots | 2/18/2010 | See Source »

But the President is ignoring a much fresher debate: between theory and reality. Even if Obama were correct that a nuclear rebirth is needed to address the climate crisis - and he isn't correct - the fact is that the rebirth isn't happening. Despite the prospect of new taxpayer guarantees...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

Meanwhile, nuclear costs keep spiraling out of control. Last year, the estimates for several reactors doubled, and for one Pennsylvania reactor more than tripled. This is why credit-rating agencies keep downgrading utilities with nuclear ambitions, which increases their borrowing costs and makes their projects even more expensive. Even with...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

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