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...families today are raising only one child - it's actually not much greater than the U.S. inflation rate over the same time period. But consider what the government figures don't take into account, and the onerous repercussions for families nationwide. Take child care. According to the USDA, parents spend an average of $1,220 to $3,020 on child care and education during each of the first two years, depending on household income. Yet the National Association of Child Care Resource and Referral Agencies, a network of more than 805 child care centers nationwide, estimates the bill...

Author: /time Magazine | Title: Million-Dollar Babies | 3/28/2008 | See Source »

...somber palette. "We're seeing a lot of dark movies these days, and they definitely influence the color story," says Leatrice Eiseman, executive director of the Pantone Color Institute. "Black is always the color people rely on most often in tough times, especially if they're going to spend on big-ticket items." Eiseman, who prepares an annual color forecast for the fashion and home markets, says black will most likely be included in Pantone's selection of the top 10 colors of 2008. "Psychologically, it's also the color people wrap themselves in to become impervious to the outside...

Author: /time Magazine | Title: Recession Chic | 3/27/2008 | See Source »

Hillary Clinton's speech on March 24 blamed everybody for the excessive borrowing at the root of this crisis--except the people who did the borrowing. Her proposal to help is a parody of old-Democrat thinking. Thirty billion dollars to states and cities to spend on "everything from police and fire support to graffiti removal and better lighting." She offers a complex plan to renegotiate the terms of troubled mortgages--ultimately with a federal guarantee, which she insists "would cost the taxpayers nothing in the long run." Republicans believe you can cut taxes and bring in more money. Democrats...

Author: /time Magazine | Title: Dumb Money | 3/27/2008 | See Source »

Ball clubs can spend their money the right way. It's been proven by clubs that have won [the World Series]--the Angels have won, the Marlins have won. Those clubs seem to spend their money on pitching. In my time with the Yankees, I always felt that, yeah, we got Jason Giambi, we got Alex Rodriguez--but what we really needed to do was shore up our pitching in order to be a better postseason club...

Author: /time Magazine | Title: 10 Questions for Joe Torre | 3/27/2008 | See Source »

...same time, NPB teams lack what might be called the "trade advantages" of their North American counterparts, namely, stadium subsidies, salary depreciation allowances and the anti-trust exemption which helps free up millions upon millions of dollars for MLB teams to spend on raiding Japan's top stars. Most MLB teams use stadiums for little or nothing, having strenuously convinced the cities they play in to build new facilities for them. By contrast The Tokyo Giants pay $250,000 a game to use the Tokyo Dome, while the Softbank Hawks pay $40 million dollars a year to use a similar...

Author: /time Magazine | Title: Baseball in Japan: Not All Cheers | 3/27/2008 | See Source »

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