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That's why benefits are the next big target. For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead. Health insurance is traditionally the revenue drain that budget hawks focus on, with costs averaging $10,000 per employee (about $6,000 for singles and $14,000 for those supporting a family). "I expect that by January, the number of people without health insurance will rise above 50 million as companies scale back," says Bruce Raynor, president...

Author: /time Magazine | Title: More Company Benefits Come Under the Knife | 11/13/2008 | See Source »

...then there is the question of moral hazard, a continual refrain in dealing with almost every aspect of the housing and broader financial crisis. In order to target the most at-risk borrowers, the new program only kicks in once homeowners have missed three mortgage payments. Even though the program intends to exclude people who stop making payments just to get a modification, there is a concern that homeowners will be incentivized to do so. "They're saying to everyone out there, don't make your mortgage payment, be 90 days late, and then we'll help you," says Bruce...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...Waterworth has been the target of more than 30 death threats from loyalist and republican paramilitary groups and says his family home has been bombed three times. He is not alone. A total of 29 prison officers from the Maze were murdered during the Troubles and an estimated 50 officers from Northern Ireland jails committed suicide during the same period...

Author: /time Magazine | Title: Site of IRA Hunger Strike Haunts Northern Ireland | 11/11/2008 | See Source »

...speculate about what else the group might have done had it not been arrested. But he did say the "central role of rail travel as a collective means of travel that France has made a priority" was also what made it an inviting target for saboteurs seeking "to strike a blow at a well-functioning French society...

Author: /time Magazine | Title: French Anarchists Charged With Rail Sabotage | 11/11/2008 | See Source »

...skeptical eyebrow in response to Washington's claim that the Syrian site bombed by Israeli warplanes in September of 2007 was part of a clandestine nuclear-weapons program. The Israelis kept mum about their reasons for attacking the site, but the U.S. let it be known that the target was a secret nuclear reactor being built with North Korean assistance - a claim that was widely viewed through the prism of false U.S. claims about Iraqi weapons of mass destruction and the Bush Administration's animus toward Syrian President Bashar Assad's regime over its support for Hizballah and Palestinian radical...

Author: /time Magazine | Title: Was the U.S. Right About Syria Nukes? | 11/11/2008 | See Source »

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