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...When July 6 arrived, every station carried the budget address, delivered by finance minister Pranab Mukherjee. And the nation was in for quite a surprise. While Mukherjee did announce significant fiscal stimulus plans, expanding rural employment, and development programs, he did not mention any specific open-market reforms, such as raising foreign investment levels, divestment of public enterprise, or deficit reduction. After Mukherjee had signaled to the entire nation that he would follow through on these reforms, the speech was a major disappointment...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...Georgia Republican who has thousands of constituents working on the planes at the Lockheed-Martin plant in Marietta, wants to keep those voters employed. He solicited a letter from the retiring head of the Air Force's Air Combat Command, who said buying just 187 F-22s puts the nation's military strategy at "high risk." An additional 60 F-22s, the general said, would ease that risk to a moderate level. Gates was not amused. "Frankly, to be blunt about it," he said, "the notion that not buying 60 more F-22s imperils the national security of the United...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...will develop a cogent and balanced military force as championed by Defense Secretary Robert Gates or whether his quest will be derailed by an ad hoc coalition of entrenched interests and lawmakers whose priority is protecting the jobs of their constituents rather than the needs of protecting the nation. (See pictures of military aircraft...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...Chambliss also sought a letter of support from the chief of the Air National Guard, who praised the F-22's "unique" capabilities and said its deployment with his reserve forces "is the most responsible approach to satisfying all of our nation's needs." Of course, the U.S. military has never been able to satisfy all of the nation's needs. Assembling a military is a balancing act, where threats are ranked and priorities set so that most of the available money is channeled toward countering the most likely threats. But so long as generals - backed by lawmakers...

Author: /time Magazine | Title: Dogfight Over the F-22: Protecting Jobs or the Nation? | 7/15/2009 | See Source »

...seems there's some truth to the saying "There is no sex in the Soviet Union." When Sacha Baron Cohen's Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan hit cinema screens in 2006, few were surprised that the real-world home of Borat, the idiot-innocent Kazak main character, decided to ban the film as a matter of pride. But now censors in Ukraine are giving his latest film, Brüno, the same no-show treatment, claiming morality - not hurt feelings - as the reason...

Author: /time Magazine | Title: No Sex, Please: Ukraine Bans Brüno | 7/15/2009 | See Source »

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