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Never mind about mortgaging the future. By running up a monster deficit as it struggles to keep the economy growing, the Obama Administration is setting the stage for sharply higher taxes down the road...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...Higher taxes are coming soon, however - and they will hurt. By some estimates, the tax burden on Americans could double before the end of this decade. The only question is: What form will these new taxes take...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...windows that the two ships were accorded. "Biologically, fight-or-flight behavior has two distinct stages," the researchers wrote. "The short-term response [is] a surge in adrenaline production. This response is limited to a few minutes, because adrenaline degrades rapidly. Only after returning to homeostasis do the higher-order brain functions of the neocortex begin to override instinctual responses...

Author: /time Magazine | Title: Titanic vs. Lusitania: How People Behave in a Disaster | 3/3/2010 | See Source »

...complete a questionnaire in which they agreed or disagreed on a 1-to-7 scale with statements like "I was anonymous during the study," "I was watched during the study" and "Others were paying attention to my behavior during the study." Again, the people wearing sunglasses scored significantly higher on the perception of anonymity study, even though they all rationally knew the glasses made no difference. (See the 25 crimes of the century...

Author: /time Magazine | Title: Why Shady Deeds Are More Likely to Happen in the Dark | 3/3/2010 | See Source »

...islands in the Pacific Ocean, killing at least eight people and leaving another eight missing, the Chilean emergency office said. Local reports suggested that many fishing villages on the mainland had also been hit by the wave. A warning could have allowed villagers on the coast to flee to higher ground. "The truth, even if it hurts, [is that] a division of the navy made a mistake," Defense Minister Francisco Vidal told reporters. He blamed the navy for not issuing a tsunami warning after the Feb. 27 earthquake rocked the South American country...

Author: /time Magazine | Title: Chile's President: Why Did Tsunami Warnings Fail? | 3/2/2010 | See Source »

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