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Having achieved its goal of fleecing the public on a summer weekend, Transformers 2 will pass through the entertainment alimentary system and be forgotten, except by the filmmakers and their accountants, until 2012, when another installment will rise to repeat the process. The forlorn minority of critics hope that, sometime before then, The Hurt Locker will have found the audience it deserves...

Author: /time Magazine | Title: Box-Office Weekend: Transformers Rule | 6/29/2009 | See Source »

...hanging fruit, and the bill will significantly slow the growth of U.S. electricity consumption over time. But carbon offsets are dicey, and may not actually provide the emissions reductions they claim to. (Studies have called into question the quality of the offsets run under the U.N.'s Kyoto Protocol system.) And a new EPA analysis of the bill forecast that the total amount of renewable energy generation under Waxman-Markey would actually be less than the renewable energy that would have been produced without the bill. (The share of renewables in the total U.S. electricity market will be larger under...

Author: /time Magazine | Title: What the Energy Bill Really Means for CO2 Emissions | 6/27/2009 | See Source »

Before Prop 13, in the 1950s and '60s, California was a liberal showcase. Governors Earl Warren and Pat Brown responded to the population growth of the postwar boom with a massive program of public infrastructure - the nation's finest public college system, the freeway system and the state aqueduct that carries water from the well-watered north to the parched south. When Ronald Reagan was governor, he actually raised taxes. Then Proposition 13 shot the tires out of Pat Brown's liberal state. Liberal legislative leaders such as Willie Brown and John Burton jerry-rigged repairs and kept the damaged...

Author: /time Magazine | Title: The Legacy of Proposition 13 | 6/27/2009 | See Source »

Proposition 13 was the brainchild of the late Howard Jarvis. The antitax crusader was a policy genius not unlike Franklin D. Roosevelt. Both shared an affinity for designing deep structural change that, once embedded in the political system, is nearly impossible to alter without a massive change of heart by voters. Social Security is the lasting legacy of the New Deal era because F.D.R. understood that workers who contribute payroll-tax deductions from their paychecks would not want politicians tinkering with their retirement dollars. Conservatives have mounted assaults on Social Security through the years but to no avail...

Author: /time Magazine | Title: The Legacy of Proposition 13 | 6/27/2009 | See Source »

Such a radical approach - where, as Duncan says, "the children stay and all the adults leave" - is one of several turnaround options that the Department of Education has endorsed. In Chicago, where Duncan was CEO of the city public school system for seven years, several schools underwent turnarounds under his watch. Results have been mixed, and because some union teachers lost their jobs, the process was - and continues to be - controversial. At a June 19 speech in Chicago, Duncan was welcomed home by a group of protesters railing against charters and turnarounds...

Author: /time Magazine | Title: Can Charter-School Execs Help Failing Public Schools? | 6/27/2009 | See Source »

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