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...wonder that the sweetheart deal Senator Ben Nelson got for his home state of Nebraska as part of the Senate health reform bill has caused such consternation among his colleagues. In exchange for his vote, say critics, Nelson was promised that the Federal Government would pay 100% of the cost of expanding the Medicaid program in Nebraska. The 49 other states, by contrast, would have full federal funding for a few years but would eventually have to pick up part of the tab. As soon as word of the special treatment broke, the deal became known as the "Cornhusker Kickback...

Author: /time Magazine | Title: What if All 50 States Get Ben Nelson's Medicaid Deal? | 1/15/2010 | See Source »

...column, as Nelson is now suggesting, would increase the cost of legislation, which is already close to the $900 billion limit set by President Obama. Then again, House and Senate leaders are currently negotiating all sorts of adjustments for a merged bill, and any new Medicaid costs could be part of that calculation. "Having the Federal Government pay the complete thing is not that big a deal," says John Holahan, an economist who has studied the Medicaid expansion extensively and who is also director of the Health Policy Research Center at the nonprofit, nonpartisan Urban Institute...

Author: /time Magazine | Title: What if All 50 States Get Ben Nelson's Medicaid Deal? | 1/15/2010 | See Source »

...futures to ensure a predictable fuel price, but they can lose big if the price of oil plummets as it did at the end of 2008. The CEO of Qantas, Alan Joyce, told reporters last week that Freeman and Marsilli did nothing wrong. The fuel hedging, Joyce said, was part of the "normal course of business practice...

Author: /time Magazine | Title: Jetstar Detentions Raise Red Flags for Investors in Vietnam | 1/15/2010 | See Source »

...private sector - especially as Jetstar has increased its market share at the expense of the state-run Vietnamese Airlines. Carl Thayer, a politics professor at the University of New South Wales, says the Vietnamese government is still "uncomfortable" with private competition and that its treatment of Jetstar Pacific is part of a "backlash against aspects of the globalizing economy...

Author: /time Magazine | Title: Jetstar Detentions Raise Red Flags for Investors in Vietnam | 1/15/2010 | See Source »

...This week's drama was provoked by a bizarre p.r. stunt on the part of Israel's right-wing Deputy Foreign Minister Danny Ayalon. Ayalon called in Turkey's ambassador to Israel and staged a demeaning photo op calculated to humiliate the Turkish diplomat as a rebuke for negative portrayals of Israel on a Turkish TV drama. Only Ayalon's last-minute apology prevented the resulting furor from causing a diplomatic breakdown. (See pictures of heartbreak in the Middle East...

Author: /time Magazine | Title: Turkey and Israel: The End of the Affair? | 1/15/2010 | See Source »

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