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...easing. The second dimension is that you need much more fiscal stimulus - in the countries that can afford it - that is front-loaded. The U.S. [stimulus package] is $800 billion, but only $200 billion is front-loaded. Of that $200 billion [in stimulus] this year, half of it is tax cuts. That's going to be a waste of money, because people are not going to spend...

Author: /time Magazine | Title: Roubini Sees More Economic Gloom Ahead | 3/3/2009 | See Source »

...that extraordinary deals on new cars are becoming attractive to buyers who have cut their debt and can afford to make a modest investment based on very attractive interest rates helped by capital put into the banks by the government. Low fuel prices will help that, and Federal Government tax cuts will give consumers a few extra dollars a month. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Six Signs the Recession Is Ending | 3/3/2009 | See Source »

...most bewildering things about what has happened in California is that there are very few places in the world that has its tax base. The state has had a cornucopia of wealthy industries, some, like the huge hardware and software sectors, which have only existed as large employers for two decades...

Author: /time Magazine | Title: Why the Migrant's Dream Has Ended in California | 3/2/2009 | See Source »

...safe to assume Kathleen Sebelius files flawless tax returns. The popular Kansas governor, who will be introduced on Monday as Barack Obama's pick for Secretary of Health and Human Services, steps into the void opened by Tom Daschle's withdrawal from the role amid revelations that he failed to pay some $128,000 in taxes-the latest in an embarrassing series of tax snafus involving Obama's Cabinet nominees. An early convert to the Obama camp and a nascent star in the Democratic party, Sebelius' success guiding a deep-red heartland state vaulted her onto the short list...

Author: /time Magazine | Title: HHS Secretary: Kathleen Sebelius | 3/2/2009 | See Source »

...tax cuts are part of China's efforts to revive its economy, which is suffering from dramatic drops in exports and investment, through a wide range of stimulus measures. In November Beijing announced it will spend $586 billion this year to promote growth. While few details of the stimulus plan have been made public, the government says it will use tax cuts and loans to aid 10 key industries including machinery manufacturing, steel, textiles, oil, shipbuilding and electronics. (See 10 things to do in Beijing...

Author: /time Magazine | Title: China's Auto Bailout Takes a Different Route | 3/1/2009 | See Source »

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