Word: browne
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Last year British Prime Minister Gordon Brown raised his country's top marginal rate for income tax to 50% from 40%. This came on the heels of a decision to borrow more than $1 trillion over the next five years, bringing his country's public debt to 79% of GDP by 2013. There has been the expected backlash from the superrich, but the majority of Brits don't seem to mind so much...
...course, investors' nerves are based on the idea that a clear election winner would create the best conditions for tackling that treacherous shortfall. While it's a reasonable assumption, it's hardly foolproof. Prime Minister Gordon Brown has little credibility left when it comes to the economy following his stint as Britain's free-spending Finance Minister in the decade leading up to the financial crisis. And although the Conservatives have pledged immediate cuts to the deficit should they win, they're still light on detail. (See a Q&A with Gordon Brown...
...freshman point guard had the biggest weekend of his Harvard career last Friday and Saturday night as he torched Ivy rivals Brown and Yale for a total of 36 points despite just playing 26.5 minutes per game. He had only one turnover in each contest...
Populism has been on everybody’s minds lately, probably because a populist group was responsible for many of Obama’s troubles in the wake of the Massachusetts senate race that catapulted Republican Scott Brown to Washington. The Tea Party movement, organized last spring around a shared disapproval of reckless spending in Washington, DC, was crucial for mobilizing support for Brown during the race. Over the past several months, the movement has grown so popular that, according to a recent New Yorker article, it would attract more support than the Republican Party if it were...
...chances for success. The Tea Partiers either have to sacrifice their populist beliefs or their influence, the former leading to their incorporation within mainstream politics and the latter leading to their total disappearance from it. This explains the tendency of some Tea Partiers to distance themselves from Scott Brown after his victory; during his first broadcast after the election, Glenn Beck, an advocate for the Tea Party movement, criticized Brown and said his time in office “could end with a dead intern. I’m just saying...