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...successful. In a June poll by the Pew Research Center, 71% of respondents said they believe the U.S. is less respected in the world than it used to be; for the first time since Pew began asking that question in 2004, a majority said they view this loss of international respect as a major problem...

Author: /time Magazine | Title: Obama Faces His Overseas Audition | 7/16/2008 | See Source »

What's at stake is billions of dollars in lost tax revenue. According to the Senate, experts estimate that the total loss to the Treasury from offshore tax evasion could be as high as $100 billion a year, including $40 billion to $70 billion from individuals and some $30 billion from corporations. Of course, there are legitimate reasons to have offshore accounts. "The super-rich aren't born into the category of being tax evaders," points out John Christensen of the Tax Justice Network. In the coming months, however, we're likely to find out a lot more about...

Author: /time Magazine | Title: Cracking Down on Tax Evaders | 7/16/2008 | See Source »

...After he upset an overconfident Bush by 19 points in New Hampshire, it appeared that McCain might take South Carolina too, ending Bush's bid. In a Greenville, S.C., hotel room the day after his New Hampshire loss, Bush's high command agreed to attack McCain as a double-talking Washington insider and closet liberal. They also discussed the help they could expect from outside groups not legally permitted to coordinate with the campaign. Said a Bush adviser: "We gotta hit him hard...

Author: /time Magazine | Title: Frenemies: The McCain-Bush Dance | 7/16/2008 | See Source »

...islands, stopped growing cane. High production and transportation costs, as well as compliance with the state's strict environmental standards, had proved too costly, prompting the island's two sugar companies to depart. No industry replaced those jobs, and "it's been years trying to recover" from the loss, says Roney, now director of economics and policy analysis for the American Sugar Alliance. "I think this will be a very difficult adjustment for the workers in the town of Clewiston," he adds. "Agriculture really is the backbone of so many communities. It's a terrible shock to those communities...

Author: /time Magazine | Title: No Sugar for a Town's Bitter Pill | 7/16/2008 | See Source »

...high-fat/low-carb diet or to a low-fat/high-carb diet and follow them for at least a year or more. That kind of study takes into account the possibility that one kind of diet provides more satiety; so, over the long run you would see more weight loss on that diet. But those studies - half a dozen or more have been done - show quite clearly that the percentage of calories from fat has very little effect on long-term weight loss...

Author: /time Magazine | Title: Which Are Worse: Calories from Carbs or Fat? | 7/15/2008 | See Source »

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