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...plot to undermine the British economy. But when the U.K. arm of accounting firm KPMG recently asked its staff if they would be willing to reduce their workweek - and thereby save jobs - in the event that business dried up, an overwhelming 85% signed on. About 200 employees in the tax division have already shifted to a four-day week, says spokesman Gavin Houlgate, who claims the deal is a first for a British financial services firm. It's unlikely to be the last. "There's been quite a bit of interest from other organizations," Houlgate says...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

...failed to turn around the economic decline." It took the Republicans eight years to get us into this mess with their nonexistent oversight and their allowing the deficit to balloon to $10 trillion. All Gingrich can offer as an answer is Contract with America 2.0 - which consists mostly of tax cuts. It's the old trickle-down economics with a fresh paint job. I'd much rather have tax-and-spend Democrats than borrow-and-spend Republicans. David Ingram, ST. LOUIS...

Author: /time Magazine | Title: 10 Ways to Change the World | 4/2/2009 | See Source »

...first sign of the behavioralist takeover surfaced on April 1, when Americans began receiving $116 billion worth of payroll-tax cuts from the stimulus package. Obama isn't sending us one-time rebate checks. Reason: his goal is to jump-start consumer spending, and research has shown we're more likely to save money rather than spend it when we get it in a big chunk. Instead, Obama made sure the tax cuts will be paid out through decreased withholding, so our regular paychecks will grow a bit and we'll be less likely to notice the windfall. The idea...

Author: /time Magazine | Title: How Obama Is Using the Science of Change | 4/2/2009 | See Source »

...financial storms may have only gathered recently, but noisy, tempestuous crowds like this one have been banding together on London's street for years - securing the freedom of prisoners in the 17th century, protesting the lack of rights for women in the early 1900s and railing against an unpopular tax just under two decades ago. As always, the mood today was mercurial. Organizers of the gathering, a movement calling itself G-20 Meltdown, had promised a "peaceful and fun street party." For much of the protest, that's what they got. While anarchists, many dressed from head...

Author: /time Magazine | Title: The London Protests: Less Violence, More Street Party | 4/1/2009 | See Source »

...fear that the Administration did little to calm. President Obama, in his speech announcing the deal on Monday, tried to put a good face on things, laying out measures to save the companies, soften the blow to autoworkers and encourage auto sales with guaranteed warranties and car-buying tax incentives. But, he said, "these efforts, as essential as they are, are not going to make everything better overnight. There are jobs that won't be saved. There are plants that may not reopen...

Author: /time Magazine | Title: Obama's Auto Odd Couple Tries to Save Detroit | 3/31/2009 | See Source »

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