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...situation has gone from bad to, well, perverse. "One of the frustrating paradoxes of the recession is falling real estate markets and rising property taxes," says Kurt Wenner, research director at Florida Tax Watch in Tallahassee. A 2008 state reform, as well as another scheduled to go into effect next year, has reduced some of Florida's property-tax burden by making the cap more generous and accessible to more residents. But because of arcane provisions in the homestead law, government appraisers can tell a homeowner that although his house's current market value may be as depressed...

Author: /time Magazine | Title: Florida's Property Taxes Go Wacky in Housing Slump | 6/29/2009 | See Source »

...week). That compares with 2.5 gallons (9.4 liters) a year (18 units a week) in North America and 0.2 gallons (0.7 liters) a year (1.3 units a week) in the eastern Mediterranean, which has the lowest levels. Those figures, according to Rehm's study, mean that "globally, the effect of alcohol on the burden of disease is about the same size as that of smoking in 2000." In fact, despite the prevalence of tobacco use in the developing world, the study shows alcohol as the No. 1 risk factor in 27 emerging economies...

Author: /time Magazine | Title: Stemming the Rise in Global Alcohol-Related Deaths | 6/29/2009 | See Source »

...forced disclosure could lead more restaurants to change their offerings. A report by New York City health officials noted that since menu-labeling went into effect last summer, some chains have lowered the calorie counts on certain items. For example, in March 2007, a Chicken Club sandwich at Wendy's was listed as being 650 calories. In June 2008, as the New York law kicked in, the item was 540 calories - a 17% drop. (Wendy's used a lower-calorie mayo to reduce the count, but a spokesman insists menu-labeling played no part in the move. Call...

Author: /time Magazine | Title: Fast Food: Would You Like 1,000 Calories with That? | 6/29/2009 | See Source »

...products that claimed to offer special protection against the new virus. Since all the suspicious products were classified as supplements or, in the case of some, as food, any claims by their makers that these products protect consumers against swine flu - in other words, to have a druglike effect - were automatically illegal. (See the top 5 swine...

Author: /time Magazine | Title: Psst! Want a Cure for H1N1? Swine Flu Scams | 6/26/2009 | See Source »

...crop year could aggravate India's overall economic slowdown. "If production suffers, the [low] income effect will bring down rural demand, which has been buoyant so far," says Anjan Roy, Adviser for Economic Affairs at the New Delhi-based Federation of Indian Chambers of Commerce and Industry. "This, in turn, will affect industrial production." Inflation in India is deeply influenced by food and food-related items' prices. Wholesale, retail as well as futures prices of food items are rising every day. "If there's runaway inflation, it will altogether throw economic policy haywire," Roy says. "If the Reserve Bank...

Author: /time Magazine | Title: The Truant Monsoon: Why India Is Worried | 6/26/2009 | See Source »

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