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...warned that it could downgrade Japan's sovereign rating if the new administration of Prime Minister Yukio Hatoyama doesn't rein in the deficit. In his January State of the Union address, President Barack Obama pledged to freeze discretionary fiscal spending for three years starting in 2011. "Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don't," Obama said. (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...economy flails, more cash-strapped consumers are embracing ye olde practice of bartering, often facilitated by that most modern of marketplaces, the Internet. Bartering is way up on Swaptree, Zwaggle and Craigslist, where, for example, a user in Memphis, Tenn., is looking to trade a new pair of boots for a kitchen faucet. But there's a complication to all this happy swapping: the IRS views bartered goods and services as reportable income. The agency has even set up the Bartering Tax Center. So does everyone need to report every little swap? "There are no tax implications for the type...

Author: /time Magazine | Title: I'll Trade You My Tax-Code Knowledge ... | 3/1/2010 | See Source »

...doors off all the rest - both in terms of interest and positive feelings - was a baby giggling. The other high-ranking sounds were less primal but still powerful. The hum of a vibrating cell phone was Lindstrom's second-place finisher. Others that followed were an ATM dispensing cash, a steak sizzling on a grill and a soda being popped and poured...

Author: /time Magazine | Title: Neural Advertising: The Sounds We Can't Resist | 3/1/2010 | See Source »

...passed the $700 million mark in domestic theaters and is nearing $2.5 billion worldwide. But it will soon take a hit in a crucial spot: 3-D theaters. Avatar has had a monopoly on the goggles auditoriums for the past 11 weeks and has lined its pockets with cash from the higher ticket prices; last weekend it made 95% of its North American gross in those specialty rooms. Next weekend, though, the movie will lose most of its 3-D venues to Tim Burton's Alice in Wonderland. Not that folks will stop seeing the Cameron spectacle, even...

Author: /time Magazine | Title: Box Office: Shutter Island Tops the Cops and the Crazies | 2/28/2010 | See Source »

...Wells, director of the Britain-based Family Education Trust, says the Debenhams gift registry deliberately glorifies divorce, something he says could have been avoided had the chain devised a more generic "setting up new home" gift list. "This smacks of a cynical attempt by a high street chain to cash in on the misery of people whose marriages have come under pressure," Wells says...

Author: /time Magazine | Title: In Britain, a Gift Registry for Divorces | 2/26/2010 | See Source »

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