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...Yes, it's true, we're in a recession, and nearly 1 in 10 workers is unemployed. There are plenty of people willing to work for less money. But in other recent recessions salary growth hasn't slowed this much. Going back to the early 1990s, base salaries never increased by less than 3.4% a year, according to Hewitt, which polled 1,156 large companies to get its latest data. Companies desperate to slash costs are turning to worker salaries more deliberately than they have in the past. Some 48% of companies have frozen salaries this year, compared to just...

Author: /time Magazine | Title: Pay Raises Are the Worst in 33 Years | 8/12/2009 | See Source »

...Yes, there were some creature comforts, from bush showers to sundowners, but the experience of walking and camping with camels was a world away from most safaris, and one that unveiled a very different Kenya. Even Mark Twain would have approved...

Author: /time Magazine | Title: Camel Safari | 8/12/2009 | See Source »

Chef Ooi presides over Cassia, a modern Chinese affair that offers dressy lunches and dinners to complement the all-day dining at the Knolls. Sybaritic pleasures can also be enjoyed at the Auriga spa, where treatments are timed according to the phases of the moon. Yes, that does sound rather silly, but the quality of the massages speaks for itself. See www.capellasingapore.com for more...

Author: /time Magazine | Title: Room at the Inn: Capella Singapore | 8/12/2009 | See Source »

...Yes. I myself have received charity when I was in need. When I was a student in London, I was working as a waiter at night. When my tutor found out, she submitted my name to the Quakers, and they then sent me a check for 40 pounds, without any strings attached. I thought as a recipient of charity, that this would be a very dignified thing to do for others...

Author: /time Magazine | Title: Billionaire George Soros' Private Stimulus Plan | 8/11/2009 | See Source »

...Yes. The point is that this is an exceptional time, when we are hit by a very severe recession and just when the needs are the greatest, the amount of money available from traditional sources has been decimated by the financial crisis. Therefore those who are in a better position ought to do more than they normally do. So I continue all the programs of the Open Society Institute. This is additional, and it's something I would not do unless we were in such an exceptional situation. Hopefully it won't be necessary to do it again. (Read...

Author: /time Magazine | Title: Billionaire George Soros' Private Stimulus Plan | 8/11/2009 | See Source »

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