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...Whatever kind of correction the U.S. is headed for, policymakers don't want it to happen all at once. The Fed's rate cuts and the roughly $145 billion stimulus plan currently being mooted by the White House and Congress are all about pumping enough demand into the economy to make the journey downhill smooth and gradual. Consumer spending used to make up about 67% of all the economic activity in the U.S., but over the past few years, it's ratcheted up to around 72%. "If we take the 5 percentage points out this year, it will...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

...slide continues despite hefty signing bonuses being paid out to enlistees. The situation is likely to only grow worse as the wars in Iraq and Afghanistan continue, and as the Army presses on with its plan to add 65,000 troops by 2010 to a total of 547,000. The figures are part of an analysis released by the National Priorities Project, a Massachusetts-based research group that assesses federal spending. The NPP, which is opposed to the war, generated the data from material it obtained from the U.S. Army Recruiting Command under a Freedom of Information Act request...

Author: /time Magazine | Title: Army Recruiting More Dropouts | 1/23/2008 | See Source »

...Have a Plan: Don't wait until a flight attendant is shrieking at you to "Get out!" to decide what you're going to do. Aviation safety experts, even the most jaded ones, count the rows to their nearest exits whenever they sit down on a plane. They know that their brain will not work well under extreme duress, and their eyes will not see well in thick smoke, so they need to have a sense of their best escape routes before anything goes wrong...

Author: /time Magazine | Title: How to Escape Down an Airplane Slide | 1/23/2008 | See Source »

...Have Another Plan: Your fellow passengers often have trouble opening the exit hatches - it's not easy, for one thing, and even flight attendants often run into trouble. Plus, the slides malfunction more than you might expect. In the 2000 safety study, over one-third of the slide evacuations studied involved problems in the functioning of the slides. Smoke can also make your first-choice exit suddenly unusable. So instead of reading the Sky Mall catalog while you're waiting for the plane to take off, it would be wise to come up with two escape plans...

Author: /time Magazine | Title: How to Escape Down an Airplane Slide | 1/23/2008 | See Source »

...lapsed into an intellectually sloppy identity politics, subdividing themselves by race, gender and sexual preference. They fixed on narrow-gauge programs rather than broad themes. All too often they sounded like Ginsu-knife salesmen on late-night cable television: "And if you buy our children's health-care plan, we'll throw in - absolutely free! - a $4,000 college-tuition tax credit. Plus, this special onetime offer: universal day care!" To be sure, the Republicans had their own special interests and slovenly hypocrisies - an avalanche of corporate tax breaks that made Swiss cheese out of the federal code - but they...

Author: /time Magazine | Title: The War of Ideas | 1/23/2008 | See Source »

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