Word: reformations
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...everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform in the U.S. languishes in Congress, China is building an extensive health care system to cover nearly all of its 1.3 billion people. (See TIME's China covers...
...CORE REFORM...
...could achieve. One of his critics is Peter Orszag, his immediate predecessor at the CBO and the current head of the White House Office of Management and Budget. At one point, Orszag - who devoted much of his tenure at the CBO to laying the groundwork for health care reform - went so far as to accuse his former agency of having "overstepped" its mission by displaying a tendency toward "exaggerating costs and underestimating savings." Among economists, those are fighting words. They may also reflect the difference between one who works for the President and one who does not. (Orszag declined...
...Health Reform Passes Senate, But Will House Dems Sign...
...director of central intelligence. And he's the only Secretary of Defense ever to be asked to stay on in a rival party's Administration. He has thrived through a combination of endurance, pragmatism and bureaucratic savvy. And during the past year, on issue after issue - Pentagon reform, missile defense, Afghanistan and now the Pentagon's move to repeal the "Don't ask, don't tell" policy on gays in the military - Gates has become the most important player in the Obama war Cabinet. It's a remarkable feat, considering that he's the only Republican on the Democratic national...