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...according to Piketty and Saez, the really dramatic developments have all been at the very, very top - not the top 1% but the top 0.01%, who now control 5.46% of all income, their highest share on record. (The data go back to 1913.) Most of these people are well educated, but it's awfully hard to portray their riches purely as rewards for education or skill...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

...McCain wants to stay the course in Iraq. And despite his admirable record of fiscal probity in the Senate, his campaign statements about the deficit have been less than convincing. He wants to extend the Bush tax cuts that he once opposed - and add a few more of his own, saying he'll make up the difference by cutting "wasteful spending." But even eliminating the pork-barrel congressional earmarks that McCain has long criticized would make only a dent in the deficit...

Author: /time Magazine | Title: The New President's Economy Problem | 5/15/2008 | See Source »

Ruth Day, a researcher at Duke University, has been studying drug commercials since the late 1990s. She and her small staff at Duke's Medical Cognition Laboratory record hours of television every day, isolate drug commercials, and systematically measure their "cognitive accessibility." It's the kind of research that also helps Day explain how well, for example, jurors understand instructions given in court. Day (whose research is not funded by either the industry or the FDA) analyzes ads for their linguistic complexity, speed of voiceovers, visual distractions and the timing of when information is given about drug benefits and side...

Author: /time Magazine | Title: Do Consumers Understand Drug Ads? | 5/15/2008 | See Source »

...that forever changed rugby league, which at the time was played and coached, even at the highest level, by amateurs. He made strength training compulsory for his players, and introduced video analysis and a preoccupation with statistics into the Australian game. Among these stats was the "tackle count" - a record of each player's contribution in defense. "I might have read it in Sports Illustrated," Gibson said, "where in the American game it takes more talent, experience and a tougher individual to be a defensive player than a runner." Gibson even started to sound like an American, drawling about "offense...

Author: /time Magazine | Title: The Professional: Jack Gibson 1929-2008 | 5/15/2008 | See Source »

...take stock of their campaigns." His message was unmistakable: The national party cannot protect them. Republicans spent at least $1.3 million to defeat Childers, and even flew in Vice President Dick Cheney for a last-minute appearance. While he did not personally visit, Presidential candidate John McCain did record robocalls as part of the effort. "Voters remain pessimistic about the country and the Republican Party in general," Cole explained...

Author: /time Magazine | Title: The Republicans' Election Scare | 5/14/2008 | See Source »

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