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...shield dividends from income tax. But the Bush plan would penalize investors for continuing to do so. How? When you take a distribution from your IRA, you pay income tax on the entire amount. So any dividends paid into an IRA would ultimately become taxable. Yet in a taxable account, dividends would be tax free. Got that? Well there's more, and it makes a mockery of the notion that tax reform makes things simpler...

Author: /time Magazine | Title: Investing: How to Play the Tax Plan | 1/20/2003 | See Source »

...privately, even abroad, where the workers can be free to divulge the deepest, darkest secrets about Iraq's banned programs. "While we don't know what's been done, we do know who is doing it," says a senior U.S. official. "We just need to ask these guys to account for their time over the last four years...

Author: /time Magazine | Title: Can This War Be Avoided? | 1/20/2003 | See Source »

...Israeli-Palestinian conflict. Sabbah, who was granted access to the would-be bomber by the terror group Islamic Jihad, doesn't try to hide his sympathy for its cause, though he disagrees with its tactics. Der Tod ist ein Geschenk is presented as Said's first-person account, and portrays him much like the protagonist of a Greek tragedy, unavoidably pushed toward catastrophe by circumstances beyond his control. Sabbah made no attempt to corroborate the details of Said's story; the idea, he told Time, "never entered my head." So the reader can't know if Said is telling...

Author: /time Magazine | Title: Driven to Destruction | 1/19/2003 | See Source »

...that people will buy European assets thinking, 'Hey, what a great place this is!" says Tony Norfield, head of foreign-exchange research at ABN AMRO in London. But as the U.S. digested a raft of bad news last Friday - including a surprise fall in consumer confidence and a current-account deficit that ballooned to $40 billion in November - no one expects the greenback to stand tall soon...

Author: /time Magazine | Title: It's Not Easy Being a Greenback | 1/19/2003 | See Source »

...Productions; 24pp.; $2.95 each) is a two-issue series that recounts the author's experience of September 11, 2001. Living with his wife and two young sons in the Battery Park City complex of apartment buildings that were mere blocks from the catastrophe, his story gives a first-hand account of the chaos visited on lower Manhattan that day. While there have been many memoir comix about 9/11 (see TIME.comix reviews: part one; part two), most of them recount the mediated experience of those outside of ground zero. "Tuesday" gives us the first detailed, longform story of living through that...

Author: /time Magazine | Title: I Can See It Now | 1/17/2003 | See Source »

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