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...Michael Grunwald's "One. Trillion. Dollars": Obama's economic plan is a huge gamble [Jan. 26]. But suppose each of us who is to receive the $500 tax refund vows to spend it only on products manufactured in the U.S. I have looked at the labels lately and acknowledge it could be a scavenger hunt. Yet this time, my husband and I have agreed to apply our refund toward ordering furniture we know will be made in Ohio. I think it would be an interesting experiment to see if there is any bump in American productivity if every...

Author: /time Magazine | Title: Inbox | 1/29/2009 | See Source »

With Agriprocessors' future uncertain, so too are the prospects for farmers who are owed money for cattle and workers owed back wages. Postville's faltering small businesses have lost customers. The town, already facing over $300,000 in unpaid property-tax and utility bills, could be liable for millions more if Agriprocessors completely shuts down, because the town is responsible for paying the balance of a federal loan used to build a sewage-treatment lagoon for the meatpacker...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

...Tax cuts and rebates are not incentives, at least in an economy that is sinking this fast. The money takes too long to get from the government to the business operator. The system needs something more direct...

Author: /time Magazine | Title: Creating Jobs Trumps Building Bridges | 1/27/2009 | See Source »

...slumping results that look likely to plummet in 2009, McDonald's on Monday announced earnings of $985.3 million in the fourth quarter of last year. While that near billion-dollar activity represented a 23% drop over the same period the previous year - due mostly to an extraordinary tax bonus accounted to 2007 books - McDonald's also revealed an 11% rise in fourth-quarter consolidated operating income to $1.5 billion on global sales gains...

Author: /time Magazine | Title: Supersizing Europe: The McDonald's Stimulus Plan | 1/26/2009 | See Source »

...acts he is accused of committing, most notably trying to sell President Barack Obama's U.S. Senate seat. Not only did he refuse to go quietly by resigning, but he has steadfastly denied any wrongdoing, accusing legislators of plotting to overthrow him so they can push through tax hikes and generally bully all future governors. Blagojevich then surprised all observers by going ahead with an appointment to replace Obama; his choice of Roland Burris, a veteran African-American politician of impeccable credentials, turned out to be a shrewd move that Senate leaders in Washington reluctantly had to accept...

Author: /time Magazine | Title: The Blagojevich Circus Comes to the State Senate | 1/26/2009 | See Source »

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