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...launch attacks inside Afghanistan. But Pakistan's announcement on Monday of a peace agreement to accommodate the domestic Taliban insurgency in the Swat Valley suggests that an all-out war against militants on their soil is not what Pakistan's generals have in mind. And the supply lines that funnel food, fuel and war materiel to U.S. forces in Afghanistan, already imperiled by militant attacks in Pakistan, may face a further setback this week when the parliament in Kyrgyzstan votes on whether or not to kick the U.S. out of the Manas airbase, which has played a key role...

Author: /time Magazine | Title: Afghanistan: A Yes-We-Can War? | 2/17/2009 | See Source »

...done enough to encourage homeownership (and in the process, it can be argued, help lay the foundation for the current crisis). But Obama has called for an earmark-free stimulus, so the legislation shouldn't have too many embarrassing waterslides, Mafia museums or cranberry subsidies. Instead, Congress would funnel hundreds of billions of dollars to states and various agencies...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

...Washington Bailout Bonanza Despite criticism that the distribution of the first $350 billion from the Troubled Assets Relief Program (TARP) lacked transparency, the Senate voted 52-42 to release the remaining bailout funds. The same day, House Democrats unveiled an even larger stimulus plan that would funnel money to local governments, fund infrastructure development and provide middle-class tax cuts. Britain, meanwhile, announced a bank-bailout plan as the European Commission predicted the loss of 3.5 million jobs in the European Union...

Author: /time Magazine | Title: The World | 1/21/2009 | See Source »

...hope to direct the aid where it's needed most - a tough sell in the Senate, where every state has equal power. But Obama should drive a hard bargain. He could provide more aid to states that promote energy efficiency through building codes and incentives for utilities. He could funnel aid directly to transit agencies and metropolitan governments, which tend to be more progressive than states. He could take Senate minority leader Mitch McConnell's advice and give loans instead of grants, which would both help the Treasury down the road and encourage states to make wise investments. He could...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

...Paparazzi took photos of Prince Harry drinking beer through a funnel while on vacation in December...

Author: /time Magazine | Title: Prince Harry | 1/14/2009 | See Source »

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