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...result is this week's watered down energy reform legislation, supported by the govenrment and most of the opposition. It amounts to far less than the hungry companies had hoped for when President Felipe Calderon first floated the idea of opening up the oil industry in January. There are no sweeping constitutional changes to allow foreign corporations a share in the deepwater reserves in the Gulf of Mexico, which may hold as much as 50 billion barrels. Nor will the trans-nationals be able to build and run refineries on Mexican soil as Calderon proposed in his bill filed...

Author: /time Magazine | Title: Opening Up Mexico's Oil to Foreigners: A First Step | 10/31/2008 | See Source »

...lost the 2006 presidential election to the conservative by a whisker. Lopez Obrador contended that Calderon had been spuriously placed in power so he could loot Mexico's treasure trove of black gold, which provides the federal government with 40% of its budget. When Calderon tried to push through reform in the spring, Lopez Obrador directed lawmakers from his party to occupy the podiums of Congress for several weeks, until the government conceded to a national debate. After a Congressional commission finally hammered out the watered-down consensus bill this month, Lopez Obrador still insisted the government was privatizing...

Author: /time Magazine | Title: Opening Up Mexico's Oil to Foreigners: A First Step | 10/31/2008 | See Source »

...addition to speaking about energy, Cutler also addressed education and health care, saying that reform is necessary in both areas...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: Professor Panel Focuses On Policy Similarities | 10/30/2008 | See Source »

...Democrats, Senator Edward M. Kennedy, has a different priority in mind for an Obama Administration. Even as he battles brain cancer, Kennedy has been trying to lay the groundwork for a breakthrough on universal health insurance. In his rousing, up-from-the-sickbed convention speech, Kennedy called health-care reform "the cause of my life," and many congressional Democrats share that zeal. Obama will have to decide whether, in the midst of a recession, Washington can take on two reforms of such historic proportions simultaneously. If, as the early betting predicts, he says no, Obama risks disappointing the liberal base...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...impulse to denounce pork barrelers - "I will make them famous," he likes to promise - would compete with his need to curry favor with as many allies in Washington as he can find. His desire to leave a mark on history - by signing a Democratic energy bill or health-care-reform bill, say - would clash with his gut-level identification with the gop. Washington veterans agree that McCain's conservative ideas for tax cuts and health-care reform wouldn't stand a chance in a Democratic Congress. But he might enlist enough swing-district Democrats - whose hold on their seats...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

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