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Admittedly, America's comics have had it easy for the past 16 years. George W. Bush's malapropisms and Bill Clinton's hoarse Bubba twang made them broad targets for satire. Obama's biracial heritage and personal gravitas make him a far more difficult President to imitate - and that's before taking his unique preacher-professor cadences into account. "It's somewhere between Ted Koppel and an alien," impressionist Frank Caliendo said of Obama's voice during an appearance on Late Show with David Letterman, admitting he's struggled with his Obama impression (and not just because he happens...

Author: /time Magazine | Title: Fauxbamas: The Search for a Good Obama Mimic | 12/10/2008 | See Source »

...this year has issued 113 notices, many of which will lower the taxes companies will pay this year and in the future. That breaks the previous record of 111 in 2006, and is nearly double the 65 issued in the last year of Bill Clinton's presidency. Lawmakers, too, have passed tax changes and are pushing for more, which will save corporations billions of dollars this year. One of the biggest windfalls could come from a proposed change in the so-called carryback rule, which would fatten the tax rebate companies get when they have losses. The extension would...

Author: /time Magazine | Title: New Tax Rules: The Hidden Corporate Bailout | 12/10/2008 | See Source »

...well as plans for their long-term viability; they must also sell their corporate planes (in a terrible public relations fiasco the Big Three CEOs came to Washington on their jets to beg for public funds) and agree to tight executive compensation restrictions. In the interest of passing a bill quickly, Congress dropped many proposed provisions, such as allowing the car czar to dictate operations at the three companies and forcing the resignation of all three CEOs. "While we take no satisfaction in loaning taxpayer money to these companies, we know it must be done," Senate majority leader Harry Reid...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...meaning the car companies will either be forced to go it alone after that or, more likely, the Obama Administration will replace the $15 billion - plus the additional funds the car companies say they need - with money from the TARP, the Treasury or the Federal Reserve. In fact, the bill has language specifically authorizing the President to take money from the TARP, a provision the Bush Administration - which has steadfastly opposed using such funds for the automakers - has presumably chosen to overlook...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...individual, it has to be understood as part of a much larger cultural context.” In “Outliers,” Gladwell reiterates this point, using anecdotes to argue that culture can effect catastrophes and create superstars—in the book, Gladwell notes that Bill Gates happened to be born in the age of the computer, and to have access to some of the earliest machines. When asked what role individual choice plays, Gladwell responded, “To my annoyance, some reviewers of my book have accused me of being a cultural determinist...

Author: By Mac Mcanulty, CONTRIBUTING WRITER | Title: Gladwell Regales Crowd With Gripping Disaster | 12/9/2008 | See Source »

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