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...risky, productive investments. On the negative, it prompts more unproductive accounting games. The Tax Reform Act of 1986 tried to end the games without killing entrepreneurship by setting both rates at 28%. (A quirk in the law kept the effective top rate at 33%.) But since 1992, as the chart on the previous page shows, income and capital gains rates have followed very different paths. One inadvertent result has been a pronounced tax bias in favor of private-equity partnerships and against traditional corporations. It's a bias that Stephen Schwarzman has taken great advantage of over the past...
...lives of billions of people, as if procuring food had become a matter of course and required no effort at all." But one way or another, we will pay for all that we're eating. CHEAP EATS Percentage of disposable income Americans spend on food [This article contains a chart. Please see hardcopy of magazine...
...there's talk in Washington of supplementing (not supplanting) Social Security with near mandatory retirement accounts. But even those changes would fall well short of going Dutch. UNREALISTIC EXPECTATIONS Countries don't always set aside enough money to pay for the pensions they promise [This article contains a chart. Please see hardcopy of magazine...
ROAD WARRIORS: Gen Xers could not get enough of Dave Matthews Band in the '90s, when the group released two major live albums from its summer tours. Its albums aren't chart-toppers now, but DMB still has a strong following. Its '07 tour kicks off in July...
...your tastes. You can, of course, just listen to the music passively as it plays on your computer. But it's even better when you make it your own, by marking each song as a favorite, skipping past it or banishing it from the station's playlist altogether. (See chart below for more details on how personalized radio works.) And despite growing concern about how proposed new royalty fees for Internet radio stations could hamper the industry's growth, on May 23 Sprint became the first wireless carrier to offer personalized radio on its phones...