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...June 2000, though, Greece was lucky enough to join that club. By the skin of its teeth, it met the criteria for admission to Europe's new currency union. First, the drachma's value was fixed to that of hard-money countries such as Germany and the Netherlands, and its long decline against the dollar slowed. Then in 2002, the drachma exited the currency stage, giving way to the euro...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

...major problems. And the nuclear industry's safety record has improved dramatically in the 30 years since the Three Mile Island meltdown, although there are still occasional blips like the recent radioactive leak at a Vermont plant. The NRC is not exactly a hostile regulator, but sometimes it shows teeth: in October, it identified problems with the Westinghouse AP1000 reactor design, which could create additional delays for nearly half of the proposed new reactors, including the ones at Vogtle. (Comment on this story...

Author: /time Magazine | Title: Why Obama's Nuclear Bet Won't Pay Off | 2/18/2010 | See Source »

...Financial reform is complex, and it's hard for nonexperts to follow which proposals for a derivatives clearinghouse or systemic risk council have teeth and which are sops to the industry. One political attraction of the CFPA is its simplicity: you're for it or against it. After sketchy subprime mortgages helped crater financial markets, even laissez-faire ideologues like Alan Greenspan called for stronger regulations to curb abuses and stabilize the system. And given the well-documented outrages pervading the industry these days - exorbitant overdraft fees, late fees, nuisance fees and balloon payments buried in opaque legalese, slimy yield...

Author: /time Magazine | Title: The Case for a Consumer Financial Protection Agency | 2/17/2010 | See Source »

Blowing up the system was the point, of course - and it's the main reason that Ryan has become the GOP's man of the moment. A telegenic supply-side conservative, Ryan cut his teeth as a speechwriter for Jack Kemp and Bill Bennett in the mid-1990s. Even back then, says Wehner, for whom Ryan worked at Empower America, "it was clear that he was a bright star in the constellation." After serving as legislative director for Kansas Senator Sam Brownback, Ryan mounted a successful bid for Wisconsin's First Congressional District seat...

Author: /time Magazine | Title: Paul Ryan: The GOP's Answer to the 'Party of No' | 2/17/2010 | See Source »

...Reform, who added that he was "pleasantly surprised" at how easy it was to craft a consensus document. "It sings," says Brent Bozell, president of the Media Research Center, an organization that tracks perceived liberal bias in the media. "It has something that every conservative can sink his teeth into and sign happily...

Author: /time Magazine | Title: Can a New Manifesto Woo the Tea Party? | 2/17/2010 | See Source »

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