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...majority of Americans still believe that their kids will live better lives than they did, which means the American Dream isn't exactly dead. (Although America's kids aren't so sure.) But most also believe that the social contract - the benefits corporations and government once guaranteed - is busted and needs to be rewritten to reflect the realities of economic life in a global marketplace. A majority (78%) say there is more risk to their and their family's financial future than in the past, and rely more on their friends and family for financial support. More than a fifth...

Author: /time Magazine | Title: 85% of US Unhappy with Economy | 7/16/2008 | See Source »

...Canadian study suggests that even these foods - most of which make nutritional claims on their packaging - aren't all they profess to be. University of Calgary researchers analyzed the nutritional benefit of more than 360 such products, often marketed as "fun foods," which are aimed at children either through kid-friendly package graphics or tie-ins with children's TV shows and movies. Three-quarters of these foods, for example, came in packages bearing cartoon images. Researchers did not include junk food in their analysis, but they found that nearly 90% of kid products still did not meet established nutritional...

Author: /time Magazine | Title: The Trouble with 'Healthy' Kid Foods | 7/16/2008 | See Source »

...that pits democratic principles against secular ones. "This is a very dangerous situation," says Sahin Alpay, a political scientist at Istanbul's Bahcesehir University. "People who feel their way of life is threatened by the conservative Muslim majority want to stick with secularism rather than full democracy - and they aren't calculating the costs...

Author: /time Magazine | Title: Turkey: God and Country | 7/16/2008 | See Source »

...experts estimate that the total loss to the Treasury from offshore tax evasion could be as high as $100 billion a year, including $40 billion to $70 billion from individuals and some $30 billion from corporations. Of course, there are legitimate reasons to have offshore accounts. "The super-rich aren't born into the category of being tax evaders," points out John Christensen of the Tax Justice Network. In the coming months, however, we're likely to find out a lot more about the ones who learned...

Author: /time Magazine | Title: Cracking Down on Tax Evaders | 7/16/2008 | See Source »

...would in other ways bear only scant resemblance to the Bush years. On the environment, spending, government reform and other issues, McCain remains at odds with Bush. And the corporate ethos of this Administration would be replaced by something dramatically, and perhaps chaotically, less programmed. And yet most voters aren't going to forget their feelings about the current President when they cast their ballots in November. After McCain secured his party's nomination in March, he visited the White House to receive a Rose Garden endorsement from the President. "Dutiful" did not begin to describe the event. But McCain...

Author: /time Magazine | Title: Frenemies: The McCain-Bush Dance | 7/16/2008 | See Source »

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