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...similar strategy for managing a growing mountain of debt on this side of the Atlantic might work, with Washington increasing the top tax rate, say, from 35% to 45%. At the same time, rates could be increased by a smaller amount in lower brackets...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...prefers the idea of introducing a VAT, or value-added tax, and increasing payroll contributions for social programs such as retirement and disability insurance. Feenberg estimates that a 14% VAT on goods and services, similar to what exists in the E.U., would generate more revenue than the existing income...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...Meanwhile, Barnett’s unpretentious voice is freed from the digital modification it goes through elsewhere. In holding back from electronic manipulation and overt classicism, TNP unearth a true gem. “Hologram” is a small nest of musical escapism, and the lyrics tackle a similar theme—“Shut the door / Because I’m staying here / The world might disappear / Under blankets of snow.” The song offers relief from the tracks surrounding and overcrowding it; it is a true exploration of the band’s musical...

Author: By Sarah L. Hopkinson, CONTRIBUTING WRITER | Title: These New Puritans | 3/2/2010 | See Source »

What was most striking about this iteration of the event (as opposed to other ones I've gone to, either as a judge or an observer) was how similar so many of the burgers were. Yes, there were a few exotic ones, like Michael Symon's pastrami-topped Fat Doug burger, which won the People's Choice award, the night's biggest honor. Iron Chef Masaharu Morimoto won critical raves for a Kakuni burger topped with Japanese pork belly and served with a house-made pickle so good, it could put Ba-Tampte out of business. And Daniel Boulud served...

Author: /time Magazine | Title: Can Anyone Improve Upon the Classic Burger? | 3/2/2010 | See Source »

...term and clearly unwilling to give up power." That would be not just because of concerns over an erosion of democracy and the monopoly on power by one leader but also because the U.S. has criticized Venezuela's Chávez for trying to extend his rule in a similar...

Author: /time Magazine | Title: Colombia Gets Ready for Life After Uribe | 3/2/2010 | See Source »

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