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...code from top to bottom. The party will submit the proposal to Japan's Diet early next year. Much like this year's revamping of the U.S. tax code, the new program aims at dramatic cuts in income taxes to make the system both more just and less complex. It would represent the first real reform of the Japanese tax code in 36 years...

Author: /time Magazine | Title: Taxing Job: Nakasone's crusade for reform | 1/26/2007 | See Source »

...Iran-contra supply line were probed last week, the money trail became a source of innumerable leads for reporters (including the Washington Post's Woodward) and investigators for congressional committees who were scrambling to uncover a financing scheme that coiled across three continents. The path led through a complex maze, replete' with international intrigue, conflicting claims by governments and shadowy diversions of funds by mysterious middlemen. There were straw companies set up precisely to obscure the paper trail, and private individuals who acted as "cutouts" to shield the government officials directing them. But throughout the maze investigators repeatedly stumbled across...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...failing to secure North's files, Meese may have given the former NSC official the opportunity to destroy important documents. Said a Justice Department official: "It was a performance by Inspector Clouseau." Meese's defenders reply that the Attorney General is not getting credit for exposing the highly complex and well-hidden money transfers in the first place. Says Assistant Attorney General Stephen Trott: "Ed Meese deserves a medal...

Author: /time Magazine | Title: Under Heavy Fire | 1/26/2007 | See Source »

...laden Broadway shows and jauntily comic movies, he thought from time to time of writing candidly about his mother and even about that specific situation, with its blend of childish veneration and Oedipal yearning. But such memories seemed too personal to be brought out in public, too complex, above all too risky?too distant from the machine-gun wisecracks that audiences expected of a Neil Simon play. He recalls: "I was afraid I'd kill the plays if I made them more serious...

Author: /time Magazine | Title: Neil Simon: Reliving A Poignant Past | 1/26/2007 | See Source »

...there was ever a demonstration of how virtual China can be rushed to judgment, it must be the current controversy over the Starbucks branch in Beijing's Forbidden City, the iconic former imperial palace complex that is one of the most potent symbols of Chinese imperial grandeur. The furor was started by Rui Chenggang, an English-language news announcer on the government's China Central Television. Rui wrote in his blog last week complaining about the presence of the Starbucks inside the hallowed walls of the Forbidden City. The presence of the coffee chain there was ?eroding Chinese culture...

Author: /time Magazine | Title: Cuckolders and Latte Hawkers Beware! | 1/26/2007 | See Source »

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