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...extent they talk about it at all, the two parties take different approaches to closing the income gap. Obama in particular has been explicit about wanting to shift more of the income-tax burden away from the middle class and onto those making more than $200,000 a year, while McCain has spoken mainly about creating better job-retraining programs for those displaced by globalization. Another potential path, although it hasn't been a theme in the campaign so far, would be a big effort to repair the country's crumbling infrastructure - which would create lots of jobs that couldn...

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

...decisions - have "left working families up and down much of the income spectrum living with fewer economic protections, bearing more economic risk, chancing steeper financial falls," writes Los Angeles Times reporter Peter Gosselin in his new book High Wire: The Precarious Financial Lives of American Families. This Great Risk Shift from governments and corporations to individuals, as Yale political scientist Jacob Hacker labeled it in the title of another book on the subject, has become one of the defining economic realities of our age. Some aspects of it are still in dispute: economists can't seem to agree on whether...

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

...seems the inquiries are coming just in time. A commentary in the May 22 issue of the New England Journal of Medicine highlights a potentially risky shift in direct-to-consumer (DTC) ads - from drugs to devices. Last Thanksgiving, Johnson & Johnson launched its new TV commercial for Cypher, a drug-coated coronary stent, designed to prop open narrowed arteries. "To many consumers, the stent ad may not have seemed surprising or out of place," write the authors of the NEJM article. "But in making the leap from pharmaceuticals to medical devices, the ad campaign raises important questions regarding...

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

...number of American physicians offering boutique medical services remains low - in a 2005 survey of 4,200 primary care doctors led by Brooks, only 16.5% of respondents said they had ever even used e-mail with their patients, and only 2.9% used it frequently. The shift to personalized health care has been slow and gradual, but it's led by a young generation of doctors who are accustomed to having easy access to information, and are betting that their patients want to be able to contact their physicians as easily and immediately as they contact their bank. Still...

Author: /time Magazine | Title: Giving Patients the VIP Treatment | 5/14/2008 | See Source »

...Inechkyans have been living in Nizhneimeretinskaya Bukhta for six generations since 1911, when Czar Nicholas II granted land there to resettlers from Turkey. "Now, Putin is taking away what the Emperor gave our forefathers," says Inechkyan. He notes that the authorities promised to shift the bobsled track in the mountains above Sochi because of ecological concerns, "but they have no problem trampling upon human beings...

Author: /time Magazine | Title: Postcard: Sochi | 5/14/2008 | See Source »

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