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Obama got off to a good start in Latin America, engaging leaders and promising a new attitude from Washington. The problem with the shift on coups is that Latin America now expects action to back it up. Honduras is Obama's first hemispheric crisis. There are obviously higher White House priorities right now, and Obama insists he's diligently working for a negotiated solution. But diplomats from Brasília to Mexico City say they fear he's only half-heartedly pressuring Honduras' new government to let Zelaya back in to finish his term, a perception that could squander...

Author: /time Magazine | Title: President Obama's Latin Challenge | 8/24/2009 | See Source »

...result, any perceived indifference to Honduras on Obama's part could sour his start and make it harder to engage the region on matters Washington cares about, like drugs and trade. Obama's predecessor, George W. Bush, who tacitly backed a failed coup attempt against Chávez in 2002, promised a new relationship with Latin America, but saw his free-trade plan for the hemisphere die and drug production soar. Now even moderate Latin leaders are decrying Washington's quiet efforts to use military bases in Colombia for U.S. antidrug operations; their pique will increase if they decide Honduras...

Author: /time Magazine | Title: President Obama's Latin Challenge | 8/24/2009 | See Source »

This is the time of year - second only to December, maybe - when we're reminded how much kids cost. It's nice when states suspend their sales tax for a week of back-to-school shopping, but it doesn't change the fact that somehow we have to start over in September: new sneakers, new notebooks, maybe a new lunch box, because SpongeBob is so last season. Even in hard times, economists have found, children are "recession resistant." As investments, they are living proof of irrational exuberance, a leading indicator of our loss of fiscal discipline...

Author: /time Magazine | Title: Raising a Child Costs Some $221,000, Before College | 8/24/2009 | See Source »

...ivory-tower ingenue. "Energy," he says, "is all about money." He cut his teeth in the entrepreneurial culture of Bell Labs and spent the rest of his career around Silicon Valley; he's served on the boards of a battery company, a semiconductor firm and two biotech start-ups. In his last job, he shook up the bureaucracy of DOE's Lawrence Berkeley National Laboratory (LBNL) to tackle real-world energy problems, while becoming a leading expert on energy innovation. "He's brilliant, and he understands the full breadth of the energy portfolio," says Ralph Cavanagh, co-director...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...Even if it can't buy rain, there is still time for the government of India to rethink how it can start to prepare for the next drought. Sunita Narain of the Centre for the Study of the Environment in New Delhi advocates a new, national water policy to make farmers less vulnerable to the vagaries of the monsoon, encompassing more effective use of groundwater, better monitoring of weather patterns and water supply, implementing village water-security plans, and encouraging conservation and water recycling in the cities. In a recent editorial she wrote, "We must learn, fast, how to reinvigorate...

Author: /time Magazine | Title: In Drought, India's Economy is Feeling the Heat | 8/23/2009 | See Source »

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