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...plan would make the health benefits that companies provide their workers count as taxable income, and then use that money to provide tax credits with which individuals could purchase their own health coverage. Economist Douglas Holtz-Eakin, who advised the McCain campaign, said the new plan goes further than previous Republican offerings. For instance, it would provide new incentives for insurers to offer coverage to people who now have trouble buying it because they have pre-existing health conditions. It also puts more emphasis on preventive care and sets up "state exchanges" - similar to the one now operating in Massachusetts...

Author: /time Magazine | Title: The Republicans Weigh In with a Health-Care Plan | 5/21/2009 | See Source »

Klaus, an economist by training, is a highly divisive veteran of Czech post-communist politics who had served as finance minister and prime minister before becoming president in 2003. He was re-elected to the five-year office last year. The Czech president is no stranger to controversy. A dogged critic of all things E.U., Klaus most recently likened the bloc to the Soviet Union. He is also a rare yet prominent global warming doubter - he does not believe that climate change is caused by man and has called costly measures to curb it a waste. (See pictures of Victory...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

...result, a fleet of empty ships lie idly at anchor just outside the territorial waters of Singapore, the world's busiest port. "The pile up of ships in the Straits is a reflection of the collapse in trade until the early part of this year," says P.K. Basu, Asia economist for the Daiwa Institute of Research. Mirroring that drop is the Baltic Dry Index, which tracks the average cost of shipping a container of goods. It has plummeted more than any stock market, from a peak of 11,000 in mid-2008 to roughly 2,600 today...

Author: /time Magazine | Title: Plunge in Trade Is a Boon for Singapore Ship Suppliers | 5/20/2009 | See Source »

...Write out a shopping list in advance, then keep to it, says certified credit counselor Alberta Gibbs. Whenever you want to get anything expensive--maybe $100 is your cutoff--don't do it right away. Give yourself a 24- or 48-hour cooling-off period, says Yale University behavioral economist Dean Karlan. If you still want the shoes--or the video game or the wineglasses--a day or two later, then allow yourself to head to the store...

Author: /time Magazine | Title: Here's the Best Way to Save Even More | 5/18/2009 | See Source »

...investors that the Congress Party's victory would bring political stability to India and give Singh's progressive administration a freer hand to pursue economic reforms in sectors such as insurance, retail and banking. Some analysts are already revising India's GDP growth and corporate earnings outlooks. Chetan Ahya, economist for Morgan Stanley Asia, upgraded his growth forecast for India this year from 4.4% to 5.8%. "The markets are enthused by the current political developments after 18 years of coalition governments," says Bharat Iyer, head of India research at JP Morgan...

Author: /time Magazine | Title: After Elections, India Stocks Soar 17% | 5/18/2009 | See Source »

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