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...billion barrels of oil, it also raises hopes that the Obama Administration will be able to forge a compromise on the tricky matter of a national cap on greenhouse-gas emissions. "It's an enormous breakthrough for national legislation," says Vickie Patton, a senior attorney for the Environmental Defense Fund. "It ends years of polarization on extraordinarily difficult issues and leaves us with a sense of progress." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

Some unable to fully fund their publication through advertising have stayed alive through donations...

Author: By Brian Mejia and Beverly E. Pozuelos, CRIMSON STAFF WRITERSS | Title: Student Periodicals Cope With Downturn | 5/18/2009 | See Source »

...tell Obama isn't interested in a culture war. He has left gay marriage to the states, dropped family-planning money from the stimulus bill, refused to fund needle-exchange programs and said he wants to "tamp down some of the anger" surrounding the abortion debate. He is inviting all sides to the White House to discuss ways to reduce the number of abortions by reducing unintended pregnancies...

Author: /time Magazine | Title: Understanding America's Shift on Abortion | 5/18/2009 | See Source »

...Angeles Times, quoted Winnie the Pooh: 'This all makes my head hurt a bit." Regarding Proposition 1A, which would place long-term spending restrictions on state government and extend already approved taxes up to two years, the voter wrote: "Why do they need a new rainy-day fund when we already have two? ... The rest of the measures are even more confusing and convoluted. How can they expect us - with our own lives to manage - to sort it all out for them?" Historically, when voters do not understand a ballot measure, it usually goes down to defeat. This...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

...they expect the rally will fizzle soon because the global economy remains in the deepest recession in decades. "It's difficult for India to live in splendid isolation while the rest of the world suffers serious economic damage," says Sanjoy Bhattacharya, a partner at Fortuna Capital, an offshore hedge fund. Tough challenges remain for India's economy, too, notes Sharma. "Just because there's been a good weekend doesn't mean you can forget all our problems of fiscal deficit and lack of infrastructure growth," he says...

Author: /time Magazine | Title: After Elections, India Stocks Soar 17% | 5/18/2009 | See Source »

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