Word: savingly
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...former executive producer at ABC's Good Morning America and a senior broadcast producer at NBC Nightly News, Ben Sherwood has written a new book, The Survivors Club: The Secrets and Science That Could Save Your Life, that discusses, among other things, what you can do to survive a plane crash. Sherwood talked to TIME shortly after a US Airways flight made a crash landing in the Hudson River. (See pictures of the Hudson River plane crash...
...Obama's upcoming American Recovery and Reinvestment Plan. It will include a mix of tax cuts, aid to beleaguered state and local governments, and spending to address needs ranging from food stamps to computerized health records to bridge repairs to broadband networks to energy-efficiency retrofits, all designed to save or create 3 million to 4 million jobs by the end of 2010. Obama has said speed is his top priority because the faster Washington injects cash into the financial bloodstream, the better it stands to help avert a multiyear slump with double-digit unemployment and deflation. But he also...
...other hand, some initiatives have negative tails - spending money now saves it later. That's one reason Obama is so keen on energy efficiency; retrofitting 75% of federal buildings would curb emissions and set a powerful example as well as slash government energy costs for years to come. Obama also wants to invest in computerizing health records, which would cost tens of billions up front but could save hundreds of billions in government health costs. "At some point, we've got to start turning this around," says Democratic Congressman Ron Kind of Wisconsin, who wants the stimulus to create...
...also turns out that the best way to boost the economy by giving away money is to give it to people who can't afford to save it. That's why food stamps work so well as a stimulus. And that's why Obama is pushing a permanent $500-per-person credit on payroll taxes for every worker making less than $200,000 a year. But his rationale for broad-based relief goes beyond stimulus: he has repeatedly promised a fairer tax code that would make work pay for everyone, and this might be his last chance to play with...
...unclear whether the moves will save lives any time soon. In May, Indonesian lawmakers approved sweeping new regulations for the maritime industry, including measures boosting safe operating procedures. But the law has yet to be fully implemented. "We've done about 40% to 50% of what we need to do," said Jusman Djamal, Indonesia's transport minister, during a Jan. 12 press conference held in the wake of the country's latest deadly accident. The previous day, a ferry traveling from Pare-Pare on the west coast of Sulawesi island to the Indonesian city of Samarinda had rolled over...