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...with great ease. But after nearly a decade working beside sphinxlike Alan Greenspan, and having watched his own tenure as president of Harvard cut short by a phrase that slipped too nimbly from brain to mouth, Summers, director of the President's National Economic Council, has become a restrained public man. Gone are the days when he would glibly compare flailing financial markets to jet crashes, as he did to TIME in 1999. He is mindful of how ill-considered asides by policymakers can cause financial-market angina. So you can probably imagine the ripple that ran through the Peterson...

Author: /time Magazine | Title: Jobless in America: Is Double-Digit Unemployment Here to Stay? | 9/11/2009 | See Source »

...prison, now might be a good time to develop a taste for pork. The same is probably true if you're in the military or in a public school. As part of a government effort to boost America's hog farmers - who have identified themselves as the forgotten casualties of the H1N1 swine-flu epidemic and asked Washington for financial help - the Agriculture Department announced last week a $30 million purchase of surplus pork. That brings the federal total of pork purchases for fiscal 2009 to about $150 million, or close to $100 million more than last year's figure...

Author: /time Magazine | Title: Pork Gets a Swine Flu Bailout | 9/11/2009 | See Source »

Another goal of the speech, officials say, was to install a circuit breaker - not only to the mythology and false claims about the legislation but also to the wars that have been waged between the left and the right over actual provisions. Chief among them: the "public option," a government-run alternative like Medicare to cover the uninsured. "What's happened is that has become sort of a Rorschach test for the left and the right," the White House official said. "There are those on the left who believe this would be the nose under the tent for single-payer...

Author: /time Magazine | Title: Obama's Health-Care Challenge: Keeping the Focus on the Larger Goals | 9/10/2009 | See Source »

...even as Obama expressed his support for the public option, he downplayed its significance, calling it "only a means to [the] end'' and noting that just 5% of Americans were likely to sign up. (Indeed, one factor often overlooked in all the shouting is that under most of the versions of the bill that have been proposed, as well as Obama's own, the majority of Americans who get health coverage through their employer would not be eligible to buy into a public option, or any of the private ones that would be offered under the newly established state marketplaces...

Author: /time Magazine | Title: Obama's Health-Care Challenge: Keeping the Focus on the Larger Goals | 9/10/2009 | See Source »

...however, will be twofold - and in some ways contradictory. While he will have to immerse himself even more in the details and in the legislative back-and-forth in the weeks to come, he will also have to rededicate himself to making the larger case that will reassure the public that the whole exercise is worth it. How well he achieves that balancing act may determine the shape of the bill that finally reaches his desk - or whether he gets...

Author: /time Magazine | Title: Obama's Health-Care Challenge: Keeping the Focus on the Larger Goals | 9/10/2009 | See Source »

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