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...trillion" - even though it's $1 trillion over 10 years, even though we've identified $600 billion of the trillion dollars so that we're really talking about raising somewhere between $300 and $400 billion over 10 years, or $30 or $40 billion a year, which with very modest changes to the tax code could be easily paid for and would pay significant dividends. It's still - in people's minds it's just a big expensive thing that may end up resulting in me paying more taxes...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

...ABOARD A U.S. MILITARY AIRPLANE) - U.S. Defense Secretary Robert Gates said Wednesday he sees "some chance of a modest acceleration" in the pace of U.S. troop withdrawal from Iraq...

Author: /time Magazine | Title: Gates: Some Troops May Leave Iraq Early | 7/29/2009 | See Source »

Rolls-Royces are typically leviathan in size and synonymous with ostentatious wealth. But the company's new Ghost model will be much more modest. A prototype of the four-door sedan that has been making the rounds at auto shows this summer is shorter and sleeker than the company's flagship Phantom limousine, making it "slightly more agile" and better for daily use, says Rolls-Royce CEO Tom Purves. It's more affordable as well, priced at just $245,000, far below the $380,000 baseline price tag for the Phantom. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...

Author: /time Magazine | Title: Is Porsche's Exiting Boss A Symbol of Capitalist Excess? | 7/25/2009 | See Source »

...good news, Perera says, is that we know how to reduce these dangerous emissions. "Efforts to reduce diesel truck idling and require cleaner fuels have been effective in reducing pollution," she says. Her own group has seen a modest decline in PAH levels as a result of such policies. "This study shows more needs to be done. We want healthy children, children who can reach their potential...

Author: /time Magazine | Title: Study Links Exposure to Pollution with Lower IQ | 7/23/2009 | See Source »

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