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...conference committee this fall, much as he has done with other big bills. There are areas where Obama will be needed to help cut a final deal: determining which taxes will be raised and which programs will be cut to pay for the legislation; defining the shape and size of a public plan; deciding what businesses and individuals will be required to do. Between now and then, White House officials say, don't be surprised to see rough spots and bumps along the road. "Everybody wants to rush the process and jump to conclusions," sighs an aide. "The process will...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

...best ways to see Bermuda is by bicycle - though mopeds are the preferred method of transportation here, we recommend renting a nonmotorized two-wheeler, which is a lot safer. Even better, this tiny country of 21 square miles - one-third the size of Cape Cod - has 22 miles of bike paths, on which mopeds are not allowed. The Bermuda Railway Trail follows an old rail bed and traverses the entire string of eight islands that make up the inhabited parts of Bermuda. Cyclists on the path are never out of sight of the islands' clear waters, craggy bluffs and white...

Author: /time Magazine | Title: Why Bermuda? It's Close, Warm and Suddenly Cheap | 7/15/2009 | See Source »

Rental cars are verboten in Bermuda - the narrow, winding roads have been deemed too dangerous. The law also prohibits hotels from providing transportation to guests to and from the airport, and taxis are expensive (the ride from the airport to 9 Beaches is $50). So, depending on the size of your group, the shuttle buses from the airport are a better deal, at about $15 per person. But smart visitors take the government-run Bermuda Breeze buses - from the airport and around the islands. Single rides cost $3; an unlimited weekly pass is $45, including ferry rides...

Author: /time Magazine | Title: Why Bermuda? It's Close, Warm and Suddenly Cheap | 7/15/2009 | See Source »

...this credit flood has been directed mainly at large, state-owned companies. It has not been trickling down to the country's private small- and medium-size enterprises (SMEs), which continue to have difficulties securing loans, even though the global credit crisis has abated. The People's Daily newspaper reported in late June that SMEs have received less than 5% of the total volume of loans. That's not just a problem for private business owners. Because their firms do a better job of creating employment than state-owned enterprises, the credit crunch creates headaches for policymakers trying to limit...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...released in Ukraine next week. But the commission felt that the country, with its conservative Catholic west and Orthodox east, was just not ready for Brüno and the character's over-the-top sexual antics, including an explicit romp with his pint-size boyfriend and oral sex with a ghost...

Author: /time Magazine | Title: No Sex, Please: Ukraine Bans Brüno | 7/15/2009 | See Source »

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