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...first House committee to consider it, the haggling is taking place among Democrats. On one side are those trying to pass landmark global warming legislation, and on the other, those seeking concessions in it to ease tough pollution standards on their districts and local industries. The first deal was struck Monday: up to $4,500 as an inducement to trade in gas-guzzlers for new, fuel-efficient vehicles that will emit smaller quantities of warming gases into the atmosphere. (See pictures of the fragile planet...

Author: /time Magazine | Title: Democrats Try to Haggle Together a Cap and Trade Bill | 5/7/2009 | See Source »

...have memory that goes for generations. I was struck by an LA Times article that I saw from 1886, after the Los Angeles housing bubble. The writer said something like Californians have learned. Never again will we allow real estate speculation to go so far. And he was kind of right. I don't think California had another massive real estate bubble until the 1970s. After a hundred years, we're allowed to forget, right...

Author: /time Magazine | Title: Yale's Robert Shiller on the Outlook for Home Prices | 5/6/2009 | See Source »

...Wednesday, Amazon is expected to introduce a new, bigger-screen Kindle aimed at the textbook market and newspapers. The Wall Street Journal reports that half a dozen universities will be giving students the new Kindle in the fall; Amazon has also struck deals with a number of textbook publishers. (See the top 10 gadgets...

Author: /time Magazine | Title: Will Amazon's Kindle Rescue Newspapers? | 5/5/2009 | See Source »

Just as Bonilla was being struck down, news flashed up on the television about how the swine flu virus had been found in Mexico. His wife rushed him to a public hospital in his Iztapalapa district and he was rapidly put in isolation with five other patients. "We had no communication with the outside world - no newspapers or telephones - so we didn't know much about this swine flu or how bad it was," he recalls. "When the woman died we were scared that this could be the fate of us all." Their fears only increased when a doctor...

Author: /time Magazine | Title: Swine Flu: A Survivor's Tale | 5/5/2009 | See Source »

...support of GOP leaders in both chambers as well as former Florida Governor Jeb Bush and former Massachusetts Governor Mitt Romney, who both spoke on Saturday alongside Cantor. The audience consisted mainly of Washington Republican consultants and Cantor supporters who received word from his e-mail listserv. The three struck a moderate tone. "It's time for us to listen, first, to learn a little bit, to upgrade our message a little bit, to not be nostalgic about the past because you know things do ebb and flow," Bush told the crowd. "You can't beat something with nothing...

Author: /time Magazine | Title: The GOP Plans a Rebirth, with Pepperoni and Protests | 5/4/2009 | See Source »

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