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What Bush describes as his key principle is a classic if crude statement of Keynesian theory. A tax cut works, he said, by putting more money into people's pockets--which they will spend and thus create jobs. For 25 years, Republicans have sneered at this as "demand-side" economics. If Bush now embraces it, he ought to remember the corollary: that a tax cut should go mainly to low-income people, who are more likely to spend it. And the President should stop pretending he regrets the huge deficits his tax cuts produce. Deficits are essential to a demand...

Author: /time Magazine | Title: The Voodoo of Dubya-nomics | 6/2/2003 | See Source »

...parents too. The Toy Story tandem and A Bug's Life were clever parables of workplace camaraderie. And the two most recent Pixar films are stories of not-quite-mature men (in the guise of monsters or clown fish) who learn the onerous joys of fatherhood. Like many classic Disney cartoons, and Spielberg fables, Finding Nemo is about the traumatic separation of a child from his parent. The refreshing difference here is that Nemo dramatizes the anxiety (and adventures) a parent undergoes searching for his wayward, precious...

Author: /time Magazine | Title: Hook, Line and Thinker | 5/26/2003 | See Source »

...tournaments she was invited to, she chose the Colonial because the course favors shotmakers, not ball whackers. At 7,080 yds.--with one par five that stretches 609 yds.--the Colonial is still 700 yds. longer than the typical LPGA setup. But it is also the kind of classic course Sorenstam loves, with narrow, tree-lined fairways, deep, ball-eating bunkers and small, slick greens. "Length is not the most important thing," says Colonial head pro Dow Finsterwald Jr. "This is a position golf course"--a plus for Sorenstam, one of the most accurate hitters in the game...

Author: /time Magazine | Title: Annika's Driving Ambition | 5/26/2003 | See Source »

...JUNE CARTER CASH, 73, country singer and songwriter and wife of country giant Johnny Cash; after heart surgery; in Nashville, Tenn. Born into the Carter family, country-music royalty, she started performing at age 6 with her mother, Mother Maybelle Carter, and is best known for co-writing the classic Ring of Fire, a tortured love song about her husband, which he performed...

Author: /time Magazine | Title: Milestones May 26, 2003 | 5/26/2003 | See Source »

...civet cat, a nocturnal mammal similar to the weasel, is served in southern China in a variety of ways: roasted whole, braised in brown sauce or standing in for tiger flesh in the classic Dragon, Tiger and Phoenix Soup. (The dragon is snake meat, the phoenix ordinary chicken.) Some diners believe cooked civet has medicinal properties, such as a warming effect during the winter months...

Author: /time Magazine | Title: Scouring the Market for SARS | 5/26/2003 | See Source »

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