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...President recently proposed new add-on provisions limiting bank size and speculation. So how hard is it going to be for the less staunch to find something in the bill to reject? It's worth noting that the 100%-confident Gregg and Democratic Senator Jack Reed were assigned to hash out compromise rules for derivatives - and failed. Even if they had succeeded, the House might not have gone along. And there are dozens of similar issues that need to be resolved for reform to pass...

Author: /time Magazine | Title: Financial Reform: Far from a Done Deal in Congress | 4/6/2010 | See Source »

...first attempt to calculate how much cannabis is grown in the country, the U.N. Office of Drugs and Crime says in a report released in Kabul on Wednesday that Afghan farmers earned up to $94 million last year from selling 1,500 to 3,500 tons of hash - the resin extracted from cannabis crops...

Author: /time Magazine | Title: Afghanistan's New Bumper Drug Crop: Cannabis | 4/1/2010 | See Source »

...south. That is where Afghanistan's most fertile land is, the report says, and its rich soil produces an "astonishing yield" of potent hashish of about 320 lb. (about 145 kg) per hectare (about 2.5 acres) - more than three times the yield from cannabis grown in Morocco, another big hash producer. "Afghanistan is using some of its best land to grow cannabis," says Antonia Maria Costa, director of the U.N. drug office in Vienna. "If they grew wheat instead, insurgents would not have money to buy weapons and the international community would not have to spend hundreds of millions...

Author: /time Magazine | Title: Afghanistan's New Bumper Drug Crop: Cannabis | 4/1/2010 | See Source »

...poppies, requiring little sophisticated cultivation. The report says it is an almost ideal crop for desperately poor farmers, who lack fertilizers and tractors and who need every penny they can squeeze from their land. Because of this, the farmers have not been deterred by a government ban on growing hash. "The high sale price of cannabis and the relatively low costs of cultivation were the most frequently mentioned reasons for cultivating cannabis," says the report. (See pictures of President Obama in Afghanistan...

Author: /time Magazine | Title: Afghanistan's New Bumper Drug Crop: Cannabis | 4/1/2010 | See Source »

...while Reid and Coburn are trying to hash out an agreement - Bunning eventually settled for a vote on an amendment that would have paid for the bill using unused stimulus funds, which failed - other Senators are looking at leaving and then passing legislation when they reconvene April 12. "Whatever we do will be retroactive if we don't get it done now," Senator Debbie Stabenow, a Michigan Democrat, told reporters...

Author: /time Magazine | Title: Senate Republicans Want Another Benefits Filibuster? | 3/26/2010 | See Source »

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