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There was one part of the speech, however, that no green could fault: Obama's call for the creation of a high-speed rail system as a way to generate green jobs, enhance economic productivity and reduce carbon emissions. On Thursday, Jan. 28, the White House announced the awarding of $8 billion in stimulus funding to kick-start high-speed-rail projects and improve service in 13 corridors across the country. Obama and Vice President Joe Biden traveled to Tampa, Fla., to announce the projects, which include the construction of an 84-mile high-speed track from Tampa to Orlando...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

...that Bernanke has gotten us past the crisis, inflation hawks and doves alike are trashing him for unbalancing the Fed's "dual mandate" to stabilize prices and maximize employment. The mostly right-leaning hawks rail about Helicopter Ben, Zimbabwe Ben and the Villain of the Year, whose cheap printed money is driving us to hyperinflation. It's true that Bernanke drove interest rates down to zero and tripled the Fed's balance sheet to avert a depression; he has also bought more than $1 trillion worth of mortgage-backed securities to lower mortgage rates, boost housing prices and pull...

Author: /time Magazine | Title: The Case for Reconfirming Fed Chairman Ben Bernanke | 1/26/2010 | See Source »

...Wednesday, when the New York Times partially lifted the veil on its plan to charge for access to its website. Speculation has been rife in media circles on how the nation's most influential and successful paper would go about touching what some consider to be the third rail of Web content. The Times' answer? Very gingerly. In effect, the paper seems to be asking its readers, Don't you really actually want...

Author: /time Magazine | Title: The New York Times to Gingerly Charge for Website | 1/20/2010 | See Source »

...next year's Republican primary race for the U.S. Senate. But the next day, Crist was still being Crist. Seemingly ignoring the GOP conservatives who've been lambasting him for reversing much of the red-meat legacy of his predecessor, Jeb Bush, Crist enthusiastically signed a bill expanding passenger rail in Florida - including a high-speed train system Bush made a point of quashing five years ago. The measure, Crist said, will take "the Sunshine State into a new era of economic prosperity and innovation." (Read "GOP at War with Itself in Florida Senate Race...

Author: /time Magazine | Title: Can Crist Survive a Right-Wing Uprising in Florida? | 12/29/2009 | See Source »

...latest novel, A Dead Hand: A Crime in Calcutta(available internationally with American release slated for early next year), the New England-bred author builds on his distinction as the contemporary writer most responsible for the West's vision of Asia. By staying low to the ground (mostly by rail) and true to his raw, first impressions - masterfully bending the dullest of travel encounters into revelations - he has etched indelible snapshots of much of the globe. His 1973 Saint Jack evoked Singapore in the swinging days before its turn toward a more staid Yuppiedom; Kowloon Tong captured the 1997 Hong...

Author: /time Magazine | Title: A Veteran Travel Writer Finds a Muse in Calcutta | 12/24/2009 | See Source »

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