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Word: socialism (lookup in dictionary) (lookup stats)
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...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 »

...hard to remember your manners when you think you're about to die. The human species may have developed an elaborate social and behavioral code, but we drop it fast when we're scared enough - as any stampeding mob reveals...

Author: /time Magazine | Title: Titanic vs. Lusitania: How People Behave in a Disaster | 3/3/2010 | See Source »

...team of behavioral economists from Switzerland and Australia have published a new paper in the Proceedings of the National Academy of Sciences (PNAS) that takes an imaginative new look at who survived and who perished aboard the two ships, and what the demographics of death say about how well social norms hold up in a crisis. (See the top 10 scientific discoveries...

Author: /time Magazine | Title: Titanic vs. Lusitania: How People Behave in a Disaster | 3/3/2010 | See Source »

...said that security gains are not yet irreversible; and many Colombians still see him as the only politician capable of maintaining them. Nevertheless, there is no shortage of people willing to try to replace him. Juan Manuel Santos, Uribe's former Defense Minister who leads the President's own Social National Unity Party, is largely seen as his favored successor. He declared his candidacy immediately following the referendum's rejection by the Constitutional Court. Sergio Fajardo, praised for improving security and social services when he served as mayor of Medellín, is steadily climbing in the polls, though running...

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

...failed to alert residents to the fact that they were in the path of an incoming giant wave. In an interview with TIME at Chile's Squadron 10 air force base outside Santiago, where hundreds of troops waited to be shipped to Concepción to combat looting and social unrest, President Michelle Bachelet described how in the hours after the quake, a breakdown in communication in the region may have prevented warnings of a tsunami from reaching vulnerable populations. She said her office was not even aware of the danger of a tsunami until after it had washed ashore...

Author: /time Magazine | Title: Chile's President: Why Did Tsunami Warnings Fail? | 3/2/2010 | See Source »

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