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...economists doubt that the current Bush tax cuts, $290 billion in this year alone, helped stimulate the economy at first. Those rebate checks that arrived in the fall of 2001 helped prop up the economy during a dark period, and consumer spending helped the U.S. make its way to recovery. Now that the economy is improving, the calculus for tax cuts is different. Will cutting taxes further make a meaningful difference to the economy? And even if it does, can we afford to increase the deficit for the sake of tax relief...

Author: /time Magazine | Title: Campaign '04: Bush and Kerry: Whose Plan Is Better? | 9/13/2004 | See Source »

...January 2002, Giuliani had already reinvented himself as a businessman. The experiment has been extremely lucrative. Giuliani Partners, the consulting and investment firm that he started by transplanting key members of his administration into a dark-wood-paneled office on Times Square, is bringing in just over $100 million a year in revenue, according to a source close to the company. That would mean the firm is collecting over $2 million per employee, which is phenomenal. (By comparison, Goldman Sachs, the Wall Street banking giant, takes in roughly $1.2 million per employee.) Companies like Nextel, Purdue Pharma and the nuclear...

Author: /time Magazine | Title: Tales Of The City, Revisited | 9/9/2004 | See Source »

...West, and 6 million in neighboring India. Sudarshan Khadka, 23, was planning to find a job in the Middle East until he saw the video on television last week and recognized his 19-year-old brother Ramesh lying face down in an Iraqi ditch. "The future is so dark," he says. "People like my brother, like me, leave because they reach a limit. Now where...

Author: /time Magazine | Title: Shock and Vengeance | 9/6/2004 | See Source »

...January 2002, Giuliani had already reinvented himself as a businessman. The experiment has been extremely lucrative. Giuliani Partners, the consulting and investment firm that he started by transplanting key members of his administration into a dark-wood-paneled office on Times Square, is bringing in just over $100 million a year in revenue, according to a source close to the company. That would mean the firm is collecting over $2 million per employee, which is phenomenal. (By comparison, Goldman Sachs, the Wall Street banking giant, takes in roughly $1.2 million per employee.) Companies like Nextel, Purdue Pharma and the nuclear...

Author: /time Magazine | Title: New York City: Tales Of The City, Revisited | 9/6/2004 | See Source »

...roasted barley, as it has for generations. The complex's old stone buildings are arranged to let beer flow downhill, so grain is stored at higher elevations while kegs are filled in low-lying areas next to Dublin's River Liffey. And the world-renowned stout is still as dark and creamy as ever. But little else about Guinness has stayed the same. The company has undergone a radical overhaul of its core brewing operations in recent years. Guinness decided in April to close its northwest London Park Royal brewery, which has been churning out the stuff since...

Author: /time Magazine | Title: Can This Stout Keep Its Clout? | 9/5/2004 | See Source »

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