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...count the $17 billion in income taxes expected to be paid on Social Security benefits, the system will still manage to provide a slight surplus for federal coffers in fiscal 2009. But from 2010 through 2012, there are small projected deficits, and after heading back into the black from 2013 to 2015, the program will then become a growing drain on federal finances, projects...

Author: /time Magazine | Title: Social Security's Surplus Disappearing Fast | 4/9/2009 | See Source »

...interview across town for PBS's Nightly Business Report, someone grabbed his arm and steered him into a room to talk to a woman named Paula, an extremely earnest reporter from the Finnish Broadcasting Company (the "BBC of Finland," as she put it), who was dressed all in black, with a tight blond ponytail. The lights dimmed, a camera was pointed at them, and Paula started firing off questions about bank nationalizations and Barack Obama's budget. "In a perfect world, what would you do to save the economy of this nation?" she asked...

Author: /time Magazine | Title: Economist Mark Zandi: The Recession's Hot Wonk | 4/9/2009 | See Source »

Even if the issue finally gets to the top of Obama's agenda, his position on gay marriage is still troubling to many gay-rights activists, who argue that accepting civil unions is equivalent to kowtowing to separate-but-equal schools for black and white children. Yet what will matter most in the immediate future is whether legislatures in other states will follow the example of Vermont. New Hampshire lawmakers may be the next to decide the fate of gay marriage, with a vote scheduled soon. The issue is on the calendar in other statehouses, too, including New York...

Author: /time Magazine | Title: Despite Wins for Gay Marriage, Obstacles Remain | 4/8/2009 | See Source »

...Palagio, the hotel's main restaurant, marries imposing decor (grisaille walls, lilac-and-white curtains, Murano chandeliers and neoclassical art) with upscale representations of local specialities (chickpea soup with salad of lentils and green beans, and roast pork with black cabbage flan). Guests can walk off their sumptuous meals by taking a stroll through the lawns, paths and copses that grace the 11-acre (4.5 hectare) garden, which was partly designed as a botanical garden for rare species. Nature's healing powers are also emphasized in the spa, where treatments are based on luxuriously scented herbal products from the Santa...

Author: /time Magazine | Title: In Florence, a Palace Coup | 4/8/2009 | See Source »

...Clint Eastwood films and Hollywood action flicks, Prabhakaran is considered to have practically invented suicide bombers. His "Black Tiger" bombers - almost half of them women - have killed thousands, including former Indian Prime Minister Rajiv Gandhi and Sri Lankan President Ranasunghe Premadasa. The elite Black Sea Tigers perform underwater suicide bombings to sink enemy ships. (Read "A Brief History of the Tamil Tigers...

Author: /time Magazine | Title: Tamil Tiger Leader Velupillai Prabhakaran | 4/8/2009 | See Source »

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