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...landmark decision on climate change and energy, President Barack Obama will announce tough new vehicle gas-mileage standards on Tuesday, the first ever national limits on greenhouse-gas emissions...

Author: /time Magazine | Title: Obama to Tighten Fuel-Economy Standards | 5/19/2009 | See Source »

Another moment of truth has arrived for California. Back in February, the budget deal crafted by Arnold Schwarzenegger and the state legislature temporarily kept the Golden State financially solvent. In Tuesday's special election, the electorate must choose among a range of propositions aimed at solidifying that compromise and helping shore up California's shaky finances. So far, however, nearly all the ballot propositions are trailing in the polls - and that could rock the state as hard as a major earthquake. (As if on cue, a sharp 4.7 temblor rattled Los Angeles on Sunday night, raining broken glass...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

...rest of the measures are even more confusing and convoluted. How can they expect us - with our own lives to manage - to sort it all out for them?" Historically, when voters do not understand a ballot measure, it usually goes down to defeat. This is the likely outcome for Tuesday's election...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

When times are good, California's diverse economy generates ample tax dollars, especially from income taxes on high earners. But when times are bad, the state's overreliance on income taxes can push the state's finances quickly into the red. Whatever the outcome of Tuesday's vote, Californians are bracing for sharp cuts in programs and services from their state government - and they will have to figure out how to recover from this fiscal earthquake...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

...Anthony. All of the leaders, including Prabhakaran, appeared to be fleeing in the same two-vehicle convoy. The entire country had been decked in the Sri Lankan national flag since Sunday, anticipating the final victory over the Tigers. President Rajapaksa is due to address the nation from parliament on Tuesday...

Author: /time Magazine | Title: Colombo: Tamil Tiger Leader Killed in Ambush | 5/18/2009 | See Source »

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