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Bill Gage, who owns a corporate staffing firm in West Reading, Pa., and takes midday jogs several times a week to break up his long, stressful office hours, decided this spring to have a shower installed in his company's headquarters. Gage did not react well to the first contractor's estimate of $14,000: "I say, 'Are you nuts? I'm not paying your country-club dues, pal.' He drops the bid to $4,400." But Gage got another estimate, from his receptionist's husband, for $1,100. "He wins, and he does a super job, top notch...

Author: /time Magazine | Title: Tables Turned: Contractors Now at Homeowners' Mercy | 7/28/2009 | See Source »

...case of Tonghua Iron and Steel, it seems the steel industry's turnaround helped spark the riot. Jianlong had invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

...actually rose in 2008, despite the onset of the recession and high gas prices last summer. But the company's crippling $2.4 billion debt load led to a $135 million loss last year. Six Flags was $141 million in the red for the first quarter of '09, and this spring the swine-flu outbreak forced Six Flags to close its Mexico park for eight days. In June, Six Flags finally filed for Chapter...

Author: /time Magazine | Title: Why Is Six Flags Targeting Kids with a Creepy Old Guy? | 7/24/2009 | See Source »

...though, the Gates arrest is nothing new—it bears an uncanny resemblance to what has come before it. Last August, a black high school student was, like Gates, confronted by police for attempting to "steal" his own property while trying to unlock his bike. And in the spring of 2007, students called the police on the Black Men’s Forum and Association of Black Harvard Women barbeque in the Quad following a heated discussion on the Cabot House email list in which many expressed skepticism that the picnickers were actually Harvard students—the same...

Author: By Daniel E. Herz-roiphe | Title: The Professor, the Policeman, and the President | 7/24/2009 | See Source »

...Field Poll conducted in California this spring showed that 56% of the state's registered voters support legalizing and taxing marijuana as a way of offsetting some of the budget deficit. Several national polls have shown that more than 45% of American adults are open to legalizing pot, about double the support a decade...

Author: /time Magazine | Title: Is Marijuana the Answer to California's Budget Woes? | 7/24/2009 | See Source »

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