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FICA is, in effect, a tax on job creation. It applies to the very first dollar earned by a minimum-wage worker, but most of it tops out at an annual income of about $100,000 and doesn't apply at all to income from investments. For most Americans holding jobs, FICA now takes a bigger chunk of their income than the income tax itself. And yet it rarely enjoys the tender concern of tax-cutting Republicans, who prefer to concentrate on tax breaks for capital gains. Cutting the FICA tax in half, for workers and for employers, would make...

Author: /time Magazine | Title: Black Gold: It's Time to Raise the Gas Tax | 12/11/2008 | See Source »

...kids 10 to 19. That doesn't include the 10 million each year who are injured but survive. In the developed world, most victims are passengers in vehicles; in the developing world, they're pedestrians or bicyclists. The WHO recommends seven commonsense measures to reduce the toll, including stronger minimum-drinking-age laws; establishing and enforcing seat-belt, child-restraint and helmet laws; and reducing speed limits around schools, residential neighborhoods and play areas...

Author: /time Magazine | Title: How to Save 829,000 Kids a Year | 12/10/2008 | See Source »

...climate-change negotiations can be a depressing experience - maximum rhetoric expended on minimum accomplishment. In Poznan the atmosphere seems even bleaker. For one thing, economic catastrophe has made it harder for leaders to justify cutting carbon. A recent study by the Government Accounting Office (GAO), the independent investigative arm of Congress, sharply criticized the Clean Development Mechanism, the U.N. body that oversees the Kyoto Protocol's carbon-trading practices. The GAO found that carbon offsets - whereby a company in a rich nation pays for a carbon-reducing project elsewhere in lieu of cutting emissions itself - were at best a "temporary...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...works to “eliminate educational inequality by enlisting our nations most promising future leaders in the effort.”TFA trains and oversees a core of high-achieving recent college graduates to work as public school teachers in under-served rural and urban districts for a minimum of two years. Participants have the option of receiving funding for graduate degrees in education while they are teaching.The organization was founded by Wendy Kopp in 1990, who conceived of the idea in the undergraduate thesis she wrote at Princeton in 1989. “As I moved through Princeton...

Author: By Sofia E. Groopman, CONTRIBUTING WRITER | Title: The Banks’ Loss Is the Classroom’s Gain | 12/9/2008 | See Source »

...editors ignore the potential impact of lowering the minimum legal drinking age on high school and middle school students. Drinking has decreased among that group in the past several decades. Reducing the age to 18 may offset this trend by bringing legal alcohol into high schools...

Author: By Henry Wechsler | Title: Insufficient Evidence for Lowering the Drinking Age | 12/8/2008 | See Source »

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