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...overreaching when they win huge majorities. Franklin Roosevelt did so after his re-election landslide in 1936; so did Lyndon Johnson after 1964. Obama could as well. With big majorities in the House and Senate, he'd probably take another run at universal health care, which is what helped prompt the Gingrich revolution in 1994. He could hike taxes and impose tough new environmental regulations on business. He might preside over a messy withdrawal from Iraq and perhaps see Iran complete development of a nuclear weapon. Any one of these things could pump some life into the near catatonic...

Author: /time Magazine | Title: Falling Upward | 8/28/2008 | See Source »

...heightened political tensions between Russia and the West are sure to prompt potential investors to take an even longer, closer look before plunging into the Russian market. There has been talk in Washington and elsewhere of kicking Russia out of the G-8 group of nations, and some analysts believe the Kremlin's actions will ultimately prove counterproductive for the economy. In a note to clients, Commerzbank analyst Michael Ganske wrote: "The strong macroeconomic story of the country is increasingly obscured by homemade negative headlines and developments that clearly worsen the economic outlook for Russia." Ganske went...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...Committee on Conventional Prompt Global Strike Capability believes that there are threats (like nuclear terrorism) that the Pentagon's fleets of attack planes and missiles cannot handle and which have to be stopped with the immediacy of the push of a button by a future U.S. President. It's not quite a "death ray" but it's the closest existing technology can get to that fantasy weapon. Still, skeptics roll their eyes and say that the report's authors are like a bunch of junior high school boys who have seen all the James Bond movies and believe that...

Author: /time Magazine | Title: Will the US Develop a Death Ray? | 8/21/2008 | See Source »

...report does point out one area of potential trouble in its own proposal. Deploying two kinds of missiles together in the same submarine "raises at least the possibility of an accidental launch of a nuclear weapon instead of the intended launch of a conventional weapon because... prompt global strikes may often allow little time for second checks." Command and control becomes a dicey issue. Among other safeguards, the Navy has proposed separate "firing keys" for each kind of missile, each kept in its own safe, and each under the control of a different senior officer on the submarine. Now, that...

Author: /time Magazine | Title: Will the US Develop a Death Ray? | 8/21/2008 | See Source »

...good things are happening to us for a change." In cities like Kingston, in fact, seemingly everyone is wearing yellow, the color of Jamaica's athletic uniform, to work and draping the national flag on their cars, says Beckford. She hopes the wave of enthusiasm will prompt Jamaican businesses to invest more in sports sponsorship, especially the construction of more modern athletic facilities...

Author: /time Magazine | Title: Can Jamaica's Sprinters Fight Crime? | 8/20/2008 | See Source »

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