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Ways and Means is one of Congress's most powerful clubs, the guardian of the federal tax code and the body responsible for finding a way to pay for anything Congress wants to do. The Obama Administration had counted on Rangel's committee to be a key linchpin in its push for health-care reform - which would also rank as Rangel's crowning legislative achievement. It hasn't worked out that way, at least not yet. Deeply split along party lines, the Ways and Means panel has become a target for critics who say Obama has allowed congressional Democrats...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

...George Harrison album has just been released. At home I wear jeans and sneakers, like most other grownups, and for my birthday I got a new iPhone. Computers and GPS devices are what we have today instead of Etch A Sketches and Erector Sets and Morse-code telegraph kits. Adults of my parents' generation did not bicycle, roller-skate, or play army; adults today spend whole weekends mountain-biking, snowboarding, and dressing up in camouflage gear to fire paint balls at each other...

Author: /time Magazine | Title: Boomers: Older and Maybe, Finally Wiser | 8/5/2009 | See Source »

...given their circumstances. I do not know the true feelings of the women on the receiving end (and whether or not they have the luxury of sleeping with whomever they deem worthy, just like the men). But if they do, it is hard to argue for a rigid moral code of fidelity in this fourth-world context (and especially given our own cultural shortcomings in this arena—I’m talking to you, Governor Sanford...

Author: By James A. Mcfadden | Title: Africa is for Lovers | 8/4/2009 | See Source »

...those fears that the shady guy hogging the Beer Nuts will walk off with your idea? Riordan, on his lawyers' advice, makes people sign a nondisclosure agreement before divulging more details. Others take their chances with an honor code not to steal one another's ideas. Says Kassar: "We've never heard a complaint." At least...

Author: /time Magazine | Title: Open-Mike Night for Entrepreneurs | 8/3/2009 | See Source »

...organized labor, has blocked the most logical and progressive way to fund a universal health-care system - eliminating the tax exclusion on health benefits and replacing it with a progressive tax credit. The health-care exclusion is, at approximately $250 billion, the single biggest tax break in the federal code. The problem is that unions have negotiated generous health packages over the years. According to Senator Stabenow, autoworkers get a package worth about $15,000 per year - and public employees get more, about $19,000. "The police and firefighters get even more," she says. "But they need...

Author: /time Magazine | Title: Will Special Interests Stymie Health-Care Reform? | 7/30/2009 | See Source »

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