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Dodd has been given the unenviable task of coming up with a compromise bill in a matter of days before Congress adjourns for the year. One solution would be to divert the $25 billion from the modernization fund and then take $9 billion more from the bank-bailout funds. In this scenario, the Senate would pass the measure first, but whether such a move would pass the House is far from certain, as leadership from both sides of the aisle have voiced opposition to pieces of such a plan...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...reduction of Indo-Pakistan tensions in the hope - openly voiced by President-elect Barack Obama - that such changes would free Pakistan to conduct more effective counterinsurgency operations against the Taliban and al-Qaeda in its northwestern tribal areas. Washington fears that Indo-Pakistan rivalry will make its own task in Afghanistan more difficult. Obama therefore called for promoting a rapprochement between India and Pakistan as a key objective of U.S. foreign policy. But he will find few takers in India for continuing a peace process with a government that does not appear to control significant elements of its own military...

Author: /time Magazine | Title: Opportunity in Crisis | 12/4/2008 | See Source »

...India seethes with impotent rage, Pakistan belligerently asserts its innocence, and Washington despairs that its task in Afghanistan has just gotten harder. Meanwhile, in Mumbai the fires of a hundred funeral pyres shoot their flames up into a glowering...

Author: /time Magazine | Title: Opportunity in Crisis | 12/4/2008 | See Source »

...notion of "sustainability." As public pressure has grown to reduce energy use and carbon emissions - and in general tread more lightly on the environment - companies in these industries have poured money into R&D efforts. Much of the work has focused on internal processes, especially on the critical task of finding out how to cut down on emissions during manufacturing. But in their labs, scientists have also been playing with the materials themselves, swapping around molecules and gazing at atomic structures through electron microscopes in the hunt for new, "greener" variations. The idea is to improve the entire life cycle...

Author: /time Magazine | Title: Building Materials: Cementing the Future | 12/4/2008 | See Source »

...reduction of Indo-Pakistani tensions in the hope--openly voiced by President-elect Barack Obama--that such changes would free Pakistan to conduct more effective counterinsurgency operations against the Taliban and al-Qaeda in its northwestern tribal areas. Washington fears that Indo-Pakistani rivalry will make its own task in Afghanistan more difficult. Obama therefore called a rapprochement between India and Pakistan a key objective of U.S. foreign policy. But he will find few takers in India for continuing a peace process with a government that does not appear to control significant elements of its own military. India will weary...

Author: /time Magazine | Title: After the Horror | 12/4/2008 | See Source »

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