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...worst economic downturn since the 1930s, the moment of reckoning is already almost here: according to both the budget proposed by the White House in February and projections issued by the Congressional Budget Office (CBO) in March, Social Security benefits ($659 billion, according to the CBO) will exceed payroll taxes ($653 billion) in fiscal 2009 for the first time since 1984. Payroll-tax receipts generally hold up much better in recessions than do income taxes, but job losses have been so severe that the CBO expects them to decline slightly from 2008, while benefits rise almost 9% because of cost...

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

...local election result will come as a wake-up call for the government of Recep Tayyip Erdogan. The AKP had expected to exceed the 46% it gained in the 2007 parliamentary election. But it won just 39% support and fared particularly poorly in the Kurdish areas of southeastern Turkey, where Erdogan had campaigned most fiercely. The AKP used to do well in the southeast, but that was when it focused on delivering real improvements in political and cultural rights and economic conditions (often driven by the E.U. accession process) rather than brandishing nationalist slogans...

Author: /time Magazine | Title: Why Can't Europe and Turkey Get Along | 4/2/2009 | See Source »

...fast as an average person can run. The skull is designed to be especially rugged - the permanent home and helmet for the brain - but even it can't take a much more serious hit. The problem is that over the centuries, we've developed all manner of ways to exceed a mere 15 m.p.h. creep. (Read a TIME cover story on the brain...

Author: /time Magazine | Title: Could a Helmet Have Saved Natasha Richardson? | 3/18/2009 | See Source »

...been fun these past weeks training for the championships. There is a lot of excitement since we have been working hard all season. We’re ready to go.” Mills and Clarke are both seeded 19th in their respective events. Mills hopes to exceed expectations at this competition, but never forgets that her team comes first in her life. “I mean, I hope to go places,” Mills reflected. “My goal is to make top 16 in the NCAA Championships. But most importantly, this team needs to excel...

Author: By Brian A. Campos, CONTRIBUTING WRITER | Title: Mills Shows Spirit, Resolve in Recovery | 3/18/2009 | See Source »

Currently, commercial buildings in the area—located near the Kendall Square T stop—may not exceed 45 feet tall and must be at least 100 feet from residential property lines...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Locals Protest Plan For Bio Lab | 3/10/2009 | See Source »

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