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Billionaire George Soros wants to show you his softer side, but his latest philanthropic initiative is a bit of a head snapper. Soros is announcing today a $35 million donation to benefit underprivileged New York State children to the tune of $200 each. Literally. His gift will help fund a program dubbed "Back to School New York" and will allow the state to access about $140 million additional dollars in stimulus funds that are available to programs that fund needy families. A one-off donation, Soros' largesse is supposed to help kids purchase back-to-school supplies, though some critics...

Author: /time Magazine | Title: Billionaire George Soros' Private Stimulus Plan | 8/11/2009 | See Source »

...that engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery has Washington discussing the possibility of yet another round of stimulus spending, despite a ballooning federal budget deficit...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...there's some confusion about whether it is exercise - sweaty, exhausting, hunger-producing bursts of activity done exclusively to benefit our health - that leads to all these benefits or something far simpler: regularly moving during our waking hours. We all need to move more - the Centers for Disease Control and Prevention says our leisure-time physical activity (including things like golfing, gardening and walking) has decreased since the late 1980s, right around the time the gym boom really exploded. But do we need to stress our bodies...

Author: /time Magazine | Title: Why Exercise Won't Make You Thin | 8/9/2009 | See Source »

Even if that ratio is abolished, as appears increasingly likely, it's not clear that it will benefit offenders like Echols, who are already behind bars. The fates of tens of thousands of prisoners serving long sentences could hang in the balance as policymakers and politicians grapple with whether changes to the nation's crack laws should be applied retroactively...

Author: /time Magazine | Title: Will Crack-Cocaine Sentencing Reform Help Current Cons? | 8/7/2009 | See Source »

...White House-drug industry arrangement. With the White House and Senate siding with the drug industry, the House will face an uphill battle when the two versions reach a conference committee. Still, Waxman vows, "I think what we're doing is the right policy, and I'd rather benefit the seniors than let the drug companies have a big windfall...

Author: /time Magazine | Title: PhRMA Deal Puts Obama, Congressional Dems at Odds | 8/7/2009 | See Source »

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