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...severe as some fear. "What was so scary about the recession were the unprecedented output gaps that conjured up images of endless industrial slack and competition so fierce that no one could ever hope to raise their prices again," Neumann wrote. "What's happened now, however, is almost as stunning ... pricing power is starting to return far earlier than anyone dared to predict...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...Europe and then spirited them to California stuffed in a toothpaste tube, all part of an effort to conceal $200 million in assets on which his client - the Russia-born, California-based real estate mogul Igor Olenicoff - owed $7.2 million in U.S. taxes. But at the same time, almost no one in the U.S. government would deny that Birkenfeld was absolutely essential to its landmark tax-evasion case against Swiss banking giant UBS. The former UBS employee turned whistle-blower exposed the previously hidden world of offshore tax shelters, which cheats the Treasury out of about $100 billion a year...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

...fact, FlyBy is almost convinced that Honey Butter is even healthy, as one measly quarter ounce is two percent of your daily Vitamin A intake...

Author: By James K. Mcauley | Title: Move Over Sunday Sundaes, It's Honey Butter Time | 10/5/2009 | See Source »

...allows principals to look at four mitigating factors: self-defense, intent or lack of intent, the disciplinary history of the student and whether the student has a disability that impairs judgment. "This is a huge tool for the administrators," Harris-Lawrence says. "In the past, there was almost no wiggle room. If a student accidentally brought a butter knife from Grandma's kitchen to cut her apple at school, it was treated the same as a butcher knife...

Author: /time Magazine | Title: Texas Eases 'Zero-Tolerance' Laws | 10/5/2009 | See Source »

...institution. The majority leader's powers are far weaker than those of the Speaker, and he has fewer parliamentary tools for controlling what happens to a bill once it hits the floor of his chamber. He must also contend with the fact that it takes 60 votes on almost anything to overcome a filibuster. Reid must also grapple with the two bills passed by his committees - the Finance Committee and the Health, Education, Labor and Pensions (HELP) Committee - which approach the health-reform issue in significantly different ways. By comparison, the measures passed by three House committees are far more...

Author: /time Magazine | Title: Dems Brace for the Hardest Part of Health-Care Reform | 10/5/2009 | See Source »

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