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...with Zelaya but backed off a plan to limit news broadcasts and restrict public meetings after lawmakers objected. The U.S. and other nations have condemned the June 28 coup that forced Zelaya from office, though a U.S. diplomat blasted Zelaya's "irresponsible and foolish" return from exile before a deal was struck to resolve the crisis...

Author: /time Magazine | Title: The World | 10/12/2009 | See Source »

...enthusiastic readers of Rand's work were small-business owners. Writes Burns: "Although Rand spoke in the coded language of individualism, her business audience immediately sensed the political import of her ideas. Many correctly assumed that her defense of individualism was an implicit argument against expanded government and New Deal reforms." It's the same argument current objectivists have against the government's virtual takeover of the banks and the auto industry. As Burns notes, "Her novels touted anew by Rush Limbaugh, Rand was once more a foundation of the right-wing worldview...

Author: /time Magazine | Title: Ayn Rand: Extremist or Visionary? | 10/12/2009 | See Source »

...breaks. The stimulus bill approved in February included an $8,000 tax credit for first-time home buyers - at a cost of about $14 billion for the year. That's set to expire, but there's talk in Congress of extending or even expanding it. A much bigger deal is the income tax deduction for mortgage interest paid - which has been with us as long as there's been an income tax - at a cost estimated by the Congressional Joint Committee on Taxation at $80 billion this year. The deduction for property taxes costs an additional $16 billion, as does...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

...ourselves into identity groups in places all over the world, it seems, whether it's by race or religion or political view. Is it simply human nature? I just reject that argument. People in Whitopia would say, "Hey, Rich, birds of a feather flock together. What's the big deal?" Our government and businesses across the country make decisions every day that perpetuate segregation. When you say homes need to be built on a 1-acre lot, when you say apartment renters can't live in your community - these concrete policies are what contribute to segregation...

Author: /time Magazine | Title: America's Booming White Enclaves | 10/12/2009 | See Source »

...Each account, which could reach a maximum of $15,000, can only be used to finance a school-related project or endeavor, such as a class trip abroad to improve foreign-language skills, computer equipment for the classroom or driving lessons to obtain a license. Still, not a bad deal. (See pictures inside a boarding school...

Author: /time Magazine | Title: Should Students Be Paid to Do Well in School? | 10/12/2009 | See Source »

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