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...Kennedy's absence from the committee is what's still missing from the draft legislation. Committee chair members on Capitol Hill generally prefer to go into markup with a version of a bill that is as close as possible to what they expect to see in the finished product. However, the HELP Committee will begin its work with one that is missing many of its central components. Among the contentious items still to be worked out are the shape of a government-run public health plan to compete with private insurance and an expected requirement that nearly every employer provide...

Author: /time Magazine | Title: Kennedy's Absence Felt on Health-Care Reform | 6/17/2009 | See Source »

...might expect, the service does not come cheap. The joining fee is over $80,000, with a roughly $20,000 yearly subscription, but Faure Beaulieu has sufficient faith in the product's appeal to already be planning a flurry of international membership drives. "I think more and more people are interested in wines these days. Even with the credit crisis, there's room for another model." Such confidence calls for a toast...

Author: /time Magazine | Title: Vintage Stuff | 6/17/2009 | See Source »

...President is every bit as much a product of the show, but it's not just his age and mastery of the alphabet that make Obama the first Sesame Street President. The Obama presidency is a wholly American fusion of optimism, enterprise and earnestness - rather like the far-fetched proposal of 40 years ago to create a TV show that would prove that educational television need not be an oxymoron. Unlike Captain Kangaroo and Mr. Green Jeans in their idyllic Treasure House, or the leafy land of the suburban sitcom, Sesame's characters were colorful, their milieu was urban; there...

Author: /time Magazine | Title: Tickle Me Obama: Lessons from Sesame Street | 6/15/2009 | See Source »

...excruciating lengths to ensure no one can counterfeit the world's most powerful currency. But the U.S. Treasury Department was no match for Art Williams, one of the most inventive and prolific counterfeiters of recent decades. After learning the craft at 16 from his mother's boyfriend, Williams, the product of a tough neighborhood on Chicago's South Side, went on to print an estimated $10 million in fake money by outmaneuvering the government's ever-tightening security measures. Color-changing ink was replicated by automotive paint; watermarks were painstakingly sketched by hand; a close copy of the secret paper...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...June 11 passage of the FDA Tobacco Regulation Bill, which provides the U.S. government with extensive power to regulate tobacco products, is a major step for federal regulation of cigarette manufacturers. The bill provides the Food and Drug Administration with its most expansive authority over the tobacco industry to date: not only does it grant the FDA the power to dictate product ingredients and overrule new products, it compels tobacco companies to eliminate potentially misleading labels like "light" and "mild," regulate a product's ingredients and increase the size of the warning labels on cigarette packs. The tobacco industry...

Author: /time Magazine | Title: Cigarette Advertising | 6/15/2009 | See Source »

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