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When Congress wrote the Build America Bond program into February's $787 billion economic-stimulus bill, many predicted a flop. Nine months later, the municipal-bond program, which provides a federal subsidy to help states and other local governments raise funds, looks to be one of the economic recovery effort's biggest successes. Earlier this month, the volume of BABs, as they have come to be called, crossed the $50 billion mark...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

Observers say Build America Bonds have lowered borrowing costs for states and other local governments. The bonds have renewed and expanded investor interest in the muni-bond sector. And by getting money into the hands of cash-strapped local governments, the bond program has saved or even boosted jobs, stimulating the economy. Many investors are already lobbying to extend the program, which is not expected to close until...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

...Build America Bonds have proved popular, they may also end up being costly. Already, the volume of bonds issued means the federal government is committed to spending a billion dollars in the first year of the program alone. The final price tag may end up reaching $90 billion...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

...fact, Spain is among the minority of European Union member states that do not require sexual education in schools. And in comparison to what gets taught in other Western European nations, the material in the Extremadura program hardly seems radical. In the Netherlands, for instance, teachers at public schools lead discussions in which they ask girls ages 12 to 15 what they would do if their boyfriends refused to wear a condom. In Finland, basic sex education begins in kindergarten, and the curriculum for ninth-graders includes lessons on abortion and masturbation. In Germany, where sex education is mandatory, public...

Author: /time Magazine | Title: Spanish Outraged by Teen Masturbation Workshops | 11/16/2009 | See Source »

...controversy sparked by the Extremadura program is a vivid reminder of how new all this sexual openness is in Spain. Which may be why, when asked at a news conference on Nov. 12 why sex toys were included in the lesson, Garrido sounded a little shell-shocked as she replied, "I thought we were in the 21st century...

Author: /time Magazine | Title: Spanish Outraged by Teen Masturbation Workshops | 11/16/2009 | See Source »

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