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...overreliance on GDP is not just misleading, it's harmful. Focusing on economic growth blinds policymakers to other measures of progress. "If a policy is going to hurt GDP then it's difficult for that policy to survive," says Jon Hall, who is overseeing a search for better measures of progress by the OECD...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

China's example shows how hard it will be to switch to a more comprehensive measure. But it's also another lesson on how misleading the current figure can be. The numbers that caused so much shock were a better reflection of the country's long-range economic health. It might take time before we find a replacement for GDP. Until then, there's little point in marking our progress against something that's so clearly wrong...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

Cereal makers have responded to the obesity crisis by reducing calories, fat and sugar and boosting fiber and vitamins. Twelve of some of the country's largest food players - including Kellogg, General Mills and Quaker's parent company, PepsiCo - have promised to market only "better for you" foods to kids under 12. Of course, companies decide what counts as "better for you," ensuring that their products meet the standards. (Read "Watching TV: Even Worse for Kids Than You Think...

Author: /time Magazine | Title: Sweet Spot: How Sugary-Cereal Makers Target Kids | 11/2/2009 | See Source »

...wouldn't say there isn't still room for improvement," says Elaine Kolish, director of the industry's Children's Food and Beverage Advertising Initiative. "Could the sugar be less? Yes, but it's better to be 12 grams instead of 13 or 14 or 15, and that's what the companies have moved away from...

Author: /time Magazine | Title: Sweet Spot: How Sugary-Cereal Makers Target Kids | 11/2/2009 | See Source »

Unless you're a musical or an import from London, you'd better have a Chicago accent to make it in the Big Apple this season. The second major play to open on Broadway this fall is another Chicago product: Superior Donuts, Tracy Letts' follow-up to August: Osage County, his multi-award-winning family drama that stormed Broadway nearly two years ago and is now on a national tour. Chicago theater's most celebrated export, David Mamet, will be represented on Broadway with two works this fall: a revival of his 1992 drama Oleanna and a new play, about...

Author: /time Magazine | Title: Chicago Takes Center Stage in New York | 11/2/2009 | See Source »

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