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...consumers cut back on big-ticket purchases this year, many fix-it folks are busier than ever. Whyspend money on new shoes, suits or SUVs when it's so much cheaper to repair the ones you already have? Around the country, cobblers, tailors, car mechanics and bike, vacuum, watch and television repairers are reporting strong revenues during the recession. Jim McFarland, a third-generation shoe repairman, who owns McFarland's Shoe Repair in Lakeland, has fought many anxiety bouts in his 23 years running the shop. "I've spent nights pacing my floor at 2, 3 in the morning, wondering...

Author: /time Magazine | Title: Fix-It Nation: In Tough Times, Tailors and Cobblers Thrive | 2/20/2009 | See Source »

...though, the scads of lushly paid Wall Streeters have driven the financial sector into a ditch, and taxpayers around the world are spending trillions of dollars to fix the problem. This chain of events has, understandably, focused big-time scrutiny on financial-sector compensation. President Barack Obama plans to limit cash pay to $500,000 for the top five executives of firms that take more aid from the government, and the stimulus legislation he signed into law on Feb. 17 sharply restricts bonuses for the 25 highest-paid employees of any company that has taken bailout money. While Wall Street...

Author: /time Magazine | Title: Pay Wall Street Less? Hell, Yes | 2/19/2009 | See Source »

...care. Total U.S. health-care spending in 2007 rose to $2.2 trillion, and the public portion is growing fast. "Medicare and Medicaid on their current trajectory cannot be sustained," Obama told a group of columnists aboard Air Force One. "And the only way I think we're going to fix it is if we see those two problems in the broader context of bending the curve down on health-care inflation." Obama's betting the future of the U.S. economy--and a lot of his own political capital--that this is even possible...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...meantime, Congress will work with the Obama Administration to fix those parts of our government that went off course. But to repair the damage of the past eight years and restore America's reputation and standing in the world, we should not simply turn the page without being able first to read it. A recent USA Today/Gallup poll showed that more than 60% of Americans agree that investigating the failed national-security policies of the past eight years should be considered...

Author: /time Magazine | Title: The Case for a Truth Commission | 2/19/2009 | See Source »

...ensure Blackett & Webb is passed off safely to an heir, Blackett does what any exasperated patriarch would do: he tries to fix his daughter's marriage. But the groom whom Blackett zeroes in on, Matthew Webb, the Oxford-educated son of his business partner, eventually proves to be not so suitable after all. Webb is the opposite of Blackett. A soft-hearted pacifist who once worked for the League of Nations, he arrives in Singapore and promptly begins to wander away from Walter's zealously charted course by getting involved with a beautiful Chinese refugee and exploring the teeming districts...

Author: /time Magazine | Title: Sense of Place: Singapore | 2/19/2009 | See Source »

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