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...Even with Johnson healthy, Reid will have to find a way to accommodate Republicans' strong opposition to tinkering with the Medicare benefit they passed in 2003 and to forcing the Administration to bargain with drug companies. To pass a hike in the minimum wage, Reid will likely have to give G.O.P. senators small-business tax breaks in return. "Reid understands that the only way he can get legislation passed is to work on a bipartisan basis with the Republicans," says his spokesman, Jim Manley...

Author: /time Magazine | Title: How Long Will the Democrats' Party Last? | 1/2/2007 | See Source »

...Putin would not need to send troops to accomplish the expansion of his Russian Federation. Khalip and other observers believe that Putin is using the price hike to pressure Lukashenko to agree to make the Russian ruble the sole currency of Belarus. More importantly, Putin wants Lukashenko to stop dragging his feet on establishing the "Allied State of Russia and Belarus" - proclaimed in 1997 - and to sign the Constitutional Act in 2007 that could lead to the formal inclusion of Belarus into the Russian Federation. That would make Putin the first reunifier of the Slavic lands lost by the previous...

Author: /time Magazine | Title: Belarus Heads Toward a New Year's Face-off With Putin | 12/28/2006 | See Source »

This matters, as Medicare reimburses most surgeries above the cost of care and nonsurgical treatments at lower rates, sometimes below cost. Hospitals make up the losses--and those from treating the uninsured--largely with profits from surgeries. They also hike the prices they charge insurers and employers, who give hospitals a 22% margin, according to researchers at the Lewin Group, a consultancy, helping cover overall losses of 5% or more from Medicare and Medicaid. That comes back to the rest of us as higher insurance premiums, making health care all the more costly to employers...

Author: /time Magazine | Title: The Hospital Wars | 12/5/2006 | See Source »

...launch a new ticketing system. According to MBTA Spokesman Joe Pesaturo, the CharlieCard—a new bus and subway pass that features an embedded microchip with the card’s value–will improve efficiency and revenue collection. Beginning in January when fares are set to hike, riders who continue using paper CharlieTickets or cash will pay an even higher fare than those using the new pass. About 300 MBTA Ambassadors sporting green vests passed the cards out all over the city to promote the CharlieCards and explain their use. “This is very important...

Author: By David Jiang, CONTRIBUTING WRITER | Title: MBTA Debuts Plastic Passes | 12/5/2006 | See Source »

...Japan, where traders are now speculating on whether the Bank of Japan will raise rates later this month. The Japanese economy has been recovering from stagnation, and the bank in July ended its policy of keeping interest rates at zero. But rates remain very low - just 0.25% - and a hike could put further pressure on the dollar...

Author: /time Magazine | Title: Dollar Doldrums | 12/3/2006 | See Source »

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