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President Obama, during his State of the Union address, told the country that it was going broke. But the rules of road as they are facilitated debt accumulation and high leveraging of assets. Bankruptcy laws, first-time homebuyer tax credits, and non-recourse loans all give the uninformed consumer incentive to buy a new home. Lest we as a people and as members of the largest economy in the world go bankrupt, we need to make policy decisions that bind all parties involved to a common fabric...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

...take smaller bites, legislation goes down easier. And so five Republicans so couldn't resist the stripped-down, $15 billion jobs package Reid pushed that they voted to end their own party's filibuster, and 13 Republicans Wednesday votes for passage of the measure, which includes tax incentives for employers who hire and money for highway construction. That gave Reid his first victory since the passage of health care reform on Christmas Eve. Reid's strategy was "perfect," says Senator Claire McCaskill, a Missouri Democrat, who adds that it "smoked out people on the merits of the proposition because...

Author: /time Magazine | Title: After Jobs Bill, Reid Looks for More Small Victories | 2/24/2010 | See Source »

...they were in power. In the wake of the jobs bill success, he is dusting off a long list of popular bills, like the tourism legislation, that will be hard for Republicans to vote against, including a package that extends unemployment insurance, health care benefits for the unemployed and tax breaks for companies; a bill to help ease credit for small businesses; the Federal Aviation Administration's reauthorization, a bipartisan measure that has been kicking around Congress for three years and would, analysts say, create upwards of 125,000 new jobs by modernizing aerospace infrastructure; and "meaningful" infrastructure investments, including...

Author: /time Magazine | Title: After Jobs Bill, Reid Looks for More Small Victories | 2/24/2010 | See Source »

Leading up to Thursday's health care summit, there has been plenty of chatter about everything from consideration of an excise tax on so-called Cadillac insurance plans to whether President Obama will sit at the table with congressional leaders or speak from a podium. But Democrats and Republicans alike have uttered hardly a word about an issue that could sink the health reform effort unless it is resolved: abortion...

Author: /time Magazine | Title: Could Abortion Still Sink Health Care Reform? | 2/24/2010 | See Source »

Unsurprisingly, Marine Le Pen, vice president of France's far-right National Front Party, whose power base lies near Roubaix, has been quick to jump on the issue. France, she says, needs to be defended from Islam's growing influence. Quick's halal option is "an Islamic tax" on diners. Not to be outdone, members of the ruling conservative Union for a Popular Majority (UMP) have also fretted over Quick's menu change. UMP secretary general Xavier Bertrand says it is undermining France's secular, integrationist social model, while UMP parliamentarian Richard Mallié salutes Vandierendonck's "republican combat...

Author: /time Magazine | Title: Halal Burgers? Another French Brouhaha Over Islam | 2/24/2010 | See Source »

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