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...hope it works. Pay cuts to avoid layoffs have become increasingly popular in corporate America. It's a choice that oozes compassion (never mind that many of these pay cuts become permanent) and keeps companies poised to quickly scale operations back to full force when the economy rebounds. But that's a big contingency, one that firms trying to do the right thing for both workers and shareholders are starting to trip over...

Author: /time Magazine | Title: When Companies Opt for Pay Cuts Instead of Layoffs | 4/27/2009 | See Source »

...know what they say about friends in Washington: If you want one, get a dog. Barack Obama is pretty popular as Presidents go, but just in case, he has added a cute little bundle of fur to his Administration. Wise is the leader who plans ahead...

Author: /time Magazine | Title: The Moment | 4/27/2009 | See Source »

...comedy about a sour guy in his 30s (Matthew Perry) who gets to inhabit his cool teenage self (Efron) - could be the title of the young star's career. As basketball stud and dance master Troy Bolton, he headlined three editions of Disney's High School Musical: two wildly popular TV specials and a movie version that earned $251 million at the world box office. He also co-starred in the hit film Hairspray, a savvier, '60s high school musical...

Author: /time Magazine | Title: Zac Efron: The Tweens' Dream | 4/27/2009 | See Source »

...most popular flavor so far? “Definitely the red velvet,” confirmed the beaming lady behind the counter...

Author: By Wendy H. Chang | Title: Let Them Eat Cupcakes | 4/27/2009 | See Source »

...popular president taking on a reviled industry should get what he wants, in principle, especially when he's working with a sympathetic Congress. But it's not so clear Barack Obama will be able to deliver on his promises of clamping down on credit card abuses, thanks to the banking industry's experienced Washington lobbyists and their plans to limit proposed restrictions on their business...

Author: /time Magazine | Title: How the Banks Plan to Limit Credit-Card Protections | 4/27/2009 | See Source »

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