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...Paul Krugman, the devil’s advocate on the left, tells us that we need more stimulus. Now is exactly the time when we should want to suspend regressive taxes and put money back in the hands of low- and middle-income families to spur household consumption. While economists can argue about the relative effectiveness of government spending as opposed to tax cuts in stimulating the economy (Krugman would presumably find a reason not to like this idea), who can deny that there would be a positive jolt to consumer spending from something as dramatic as a complete suspension...

Author: By Clay A. Dumas | Title: Diamond in the Rush | 4/9/2009 | See Source »

...from doctors suggested it was unusually high. "It's symptomatic of the unemployment and the poverty," she says. "This is not a happy town." An hour away in the village of Mvezo, where Mandela was born 90 years ago into a small gathering of huts on a narrow, windswept spur, the Mandelas' immediate neighbors are outspoken about their disillusionment with the ANC. "My life was better during apartheid," says Vincent Ntswayi, 53, who held a steady job in Johannesburg during white rule but has only been intermittently employed since. "Freedom turned out to be just a word. Real freedom, real...

Author: /time Magazine | Title: Why South Africa's Over the Rainbow | 4/9/2009 | See Source »

...decided not to risk a backlash.) And shame works; even some AIG executives gave up bonuses. Cialdini says brain imaging shows that when we think we're out of step with our peers, the part of our brain that registers pain shifts into overdrive. "It's an incredibly powerful spur to action," he says. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...record increase in the federal cigarette-tax rate, which on April 1 spiked from 39¢ to $1.01 per pack, as a move that will bolster the federal budget while saving an estimated 900,000 lives. Supporters say the measure will stop 2 million kids from lighting up and spur about 1 million adults to quit, but the sharp hike has some smokers fuming. Cigarette taxes, detractors argue, are a way for governments to line their coffers by legislating personal choice--and a prime example of a regressive "sin tax," the term often used for fees tacked on to popular vices...

Author: /time Magazine | Title: A Brief History Of: Sin Taxes | 4/2/2009 | See Source »

...Baitullah Mehsud, a target of U.S. drone strikes who claimed responsibility for Monday's deadly attack on a Lahore police academy, saying it was an act of revenge for Pakistan's complicity in the U.S. campaign. But even the uptick of Taliban violence inside Pakistan won't necessarily spur the country's military establishment to act against Taliban forces that are using Pakistani territory as a base from which to fight NATO in Afghanistan...

Author: /time Magazine | Title: Will Pakistan Toughen Up on the Taliban? | 4/2/2009 | See Source »

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