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...Soviets do offer to give up their largest missiles, they would probably demand that the U.S. give up the MX and the Trident II as well. That would be difficult to accept. There are widespread questions about how to base the MX and about Congress's willingness to fund it fully. But the Pentagon sees the Trident II as a crucial component of the U.S. arsenal for the 1990s because, like its predecessors, its submarine basing makes it invulnerable to a Soviet pre-emptive attack (assuming, of course, that the Soviets do not achieve a breakthrough in antisubmarine warfare...

Author: /time Magazine | Title: GRAND COMPROMISE | 7/21/2008 | See Source »

...opposition by Republican senators, the White House and a handful of fiscally conservative Democrats, who won't vote for the credits unless they're paid for as they go. Supporters have tried paying for the credits by rescinding tax breaks for oil companies; they've also tried raising the funds by eliminating tax loopholes that benefit hedge fund managers. Even though oil executives and hedge fund managers are perhaps the most widely hated two groups in America, neither plan has worked...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

...serious about reducing carbon emissions, we'll need a much larger renewable energy sector than the one we have - and that will mean bipartisan government action, in the form of carbon caps and subsidies that dwarf the miniscule tax credits now available. Our government's inability to cooperate and fund an invaluable energy program that costs less than a $1 billion a year is simply unreasonable - no matter what you think about global warming...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

...instantly, though. It took two years, a lot of fund raisers and many pleas for donations before Mekendu and 13 others from his parish finally had their fares. Now they're camping in a Catholic-school hall. It's the first time any of them have been to Australia. "It's really overwhelming," says Mekendu, who's wearing a woolen beanie and a couple of T-shirts under his track suit; it's also his first experience of winter...

Author: /time Magazine | Title: Making a Pilgrimage for the Pope | 7/18/2008 | See Source »

...Afghan security forces and supporting an Afghan judiciary. I will once and for all dismantle al-Qaeda and the Taliban. The solution in Afghanistan is not just military--it is political and economic. That is why I would also increase our nonmilitary aid by $1 billion. These resources should fund projects at the local level to impact ordinary Afghans, including the development of alternative livelihoods for poppy farmers. And we must demand better performance from the Afghan government through tough anticorruption safeguards...

Author: /time Magazine | Title: McCain and Obama on Afghanistan | 7/17/2008 | See Source »

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