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...Obama now hopes that she is one of a select group who knows enough to make health reform happen this year. Her position, which is informally called White House health czar, was originally created as an add-on title for former Senate majority leader Tom Daschle, who had to withdraw from consideration for Health and Human Services Secretary because of tax problems. But with Daschle out, the White House decided that it still needed a high-level coordinator for the reform effort. "It's good to have someone who is really riding herd and only thinking of one thing," said...

Author: /time Magazine | Title: Obama's Health Czar: Behind the Scenes but Leading the Charge | 3/3/2009 | See Source »

...After 60 years of Syrian-Israeli conflict, the contours of a solution are generally clear: Israel would have to withdraw from the Golan Heights, while Syria would have to maintain a demilitarized zone in the territory. Previous rounds of talks faltered over the exact route of the border and concerns over how Israel could protect itself from a surprise Syrian attack - calculations now rendered moot by modern satellite surveillance technology and the capabilities of Israel's arsenal...

Author: /time Magazine | Title: Clinton Courts Syria, but Will Israel Play Ball? | 3/3/2009 | See Source »

...this year's Gaza incursion - to reverse the rising power of these groups, the Israeli electorate has swung to the right, choosing more hawkish leaders in the recent election. Aides to Israel's Prime Minister-designate, Likud leader Benjamin Netanyahu, are currently floating a proposal for a partial withdraw from the Golan in exchange for peace, a proposal that is likely to be met with derision in Damascus...

Author: /time Magazine | Title: Clinton Courts Syria, but Will Israel Play Ball? | 3/3/2009 | See Source »

...last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan Stanley and the Blackstone Group, and Chinese officials who approved those investments have now come under fire in Beijing. "People...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

...reason that releasing the figure is without purpose is that none of the banks are mentioned by name. The FDIC's argument is that if the public knew which institutions were in trouble, customers would withdraw money so quickly that the firms would be out of business in a day. That would put a large burden on the FDIC because it insures the deposits at each of those banks, which have combined assets of $159 billion. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: The FDIC's Bank Leper List | 2/27/2009 | See Source »

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