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...federal estate-tax rate is 49%, though the wealthiest estates could wind up paying as much as 57% in federal and state estate taxes in decoupled states. Chane says the burden is "particularly acute" for married couples because their estate plans usually include what is known as a bypass or credit-shelter trust, which is designed so that no tax is paid when the first spouse dies. Yet this standard strategy can't shield an estate from the extra state...

Author: /time Magazine | Title: Money: The Death Tax Lives | 11/24/2003 | See Source »

Townsend is testing one of the most controversial weapons in the war against childhood obesity. Although the number is still small--doctors estimate that perhaps 150 U.S. teens have undergone so-called gastric-bypass surgery--it could jump dramatically. The percentage of children who are overweight and obese has tripled, from about 5% in 1980 to 15% in 2000, and a dozen hospitals around the U.S. either have started doing gastric bypasses on kids or are planning to. Dr. Thomas Inge of the Cincinnati Children's Hospital, where Ashlee had the surgery, estimates that as many as 250,000 American...

Author: /time Magazine | Title: Health: Desperate Measures | 11/17/2003 | See Source »

That has a lot of physicians concerned. It's one thing for celebrities like TV weatherman Al Roker or singer Carnie Wilson to undergo gastric bypass. We are used to adults, even those who aren't famous, weighing the risks and benefits of such extreme treatments. But high school students? Can kids who have trouble planning for next week, let alone the rest of their lives, really understand what they are getting into...

Author: /time Magazine | Title: Health: Desperate Measures | 11/17/2003 | See Source »

...Gastric bypass works by radically altering the size and shape of the stomach and shortening the length of the small intestine so that the body can no longer take in normal amounts of food. First, surgeons "staple" the stomach with surgical tools so that it can't hold more than about an ounce of food. Eat more than five or six bites, and you will feel a sense of nausea. Then the doctors rearrange the small intestine, the organ that actually absorbs nutrients, so that about a third of it can no longer function normally. Patients must take supplements...

Author: /time Magazine | Title: Health: Desperate Measures | 11/17/2003 | See Source »

...more serious threat to Starbucks' plan is the competition from free wi-fi--the crazy quilt of free wireless networks springing up in San Francisco, Seattle and other high-tech cities. Starbucks customers have been known to hop on a free Internet node and bypass the store's paid service entirely. "Why pay if you don't have to?" says Kevin Lawrence, 28, a software-industry entrepreneur, who spent hours typing on his laptop but hadn't bothered to buy anything during a recent visit to a Starbucks in Manhattan...

Author: /time Magazine | Title: Starbucks Unwired | 11/3/2003 | See Source »

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