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Dates: during 2000-2009
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...direct price negotiations with Medicare that Emanuel once championed. The White House also agreed, sources say, not to get behind a provision in the House bill that would eliminate a good deal the industry got from another provision in the Medicare prescription-drug program. The law shifted 6 million eligible beneficiaries from Medicaid - which pays lower prices for drugs - to the Medicare drug plan. In just the first two years of the program, that shift of beneficiaries from one program to the other produced an estimated $3.7 billion windfall for the industry, according to a report last year...

Author: /time Magazine | Title: PhRMA Deal Puts Obama, Congressional Dems at Odds | 8/7/2009 | See Source »

...year on, buildings throughout the South Ossetian capital of Tskhinvali, where the majority of the fighting took place, remain demolished, and thousands of people are still displaced on both sides of the border. Russia has pledged $640 million in aid for reconstruction, while Tbilisi owes $4.5 billion to the West in postwar aid and loans. Since the end of the war, 240 unarmed European Union monitors have been patrolling the border on the Georgian side to ensure that the terms of the cease-fire brokered by French President Nicolas Sarkozy are not broken. But they have not been given access...

Author: /time Magazine | Title: One Year On, Could Russia and Georgia Fight Another War? | 8/7/2009 | See Source »

American and Pakistani officials say it looks more and more likely that Baitullah Mehsud, the Pakistani Taliban chief who had a $5 million bounty on his head, is dead. Pakistan's Foreign Minister, Shah Mahmood Qureshi, told reporters in Islamabad on Friday Aug. 7 that, "According to my intelligence information, the news is correct. We are trying to get on-the-ground verification to be 100% sure. But according to my information, he has been taken out." Local Pakistani media, citing "tribal sources" in South Waziristan, are reporting that Mehsud's funeral prayers had been held and that the Tehrik...

Author: /time Magazine | Title: Is Pakistan's Taliban Chief Dead? | 8/7/2009 | See Source »

...nine years old can apply for a government subsidy of $3,600 toward the purchase of a new car. The German federal government has earmarked about $7 billion for the plan, which has been so popular that car sales in Germany could hit a 10-year high of 3.5 million vehicles this year...

Author: /time Magazine | Title: Germany's Cash-for-Clunkers Black-Market Scandal | 8/7/2009 | See Source »

...scrap heap. And the police could have prosecuted dealers who sell the cars instead of scrapping them if lawmakers had made it a crime. Instead, the hands of the police are tied, and as Germany's cash-for-clunkers program runs its course - it's limited to 2 million cars - public interest in cases of abuse will likely fade...

Author: /time Magazine | Title: Germany's Cash-for-Clunkers Black-Market Scandal | 8/7/2009 | See Source »

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