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...explaining why the economy is suffering. However, tax cuts are not deregulation. Deregulation implies a change in the rules and restrictions that structure markets, while tax cuts instead put money in the pockets of American consumers to use within the existing regulatory environment. Plus, not all deregulation is created equal: The poor accounting standards that led to the Enron scandal have nothing to do with the lax supervision of securities that resulted in the current crisis. Still, revisionists continue to lump tax cuts in with lax oversight in their vapid judgments of Bush...
...Cross philanthropic relief scheme, by which the rich countries come to the rescue of the poor," Keynes declared. Rather, it should be a "highly necessary mechanism, which is at least as useful to the creditor as to the debtor." Rediscovering that sense of equal exchange will be key to the IMF's rebirth...
...pensar, but because he proved at the Trinidad summit to be the first U.S. President to get it. "We have at times been disengaged, and at times we sought to dictate our terms," to Latin America, he told the gathering. "But I pledge to you that we seek an equal partnership. There is no senior partner and junior partner in our relations." (See TIME's photos of the guerrilla armies of Colombia...
...based,” Ward said.In March, City Councillor Marjorie C. Decker proposed granting Harvard a “mini-stimulus package” that would relieve the university of a portion of its Payment in Lieu of Taxes—also known as a PILOT payment—equal to the total annual salaries of subcontracted janitorial employees who had recently been laid off. The measure, intended to shame Harvard into backing off from layoffs, has since been tabled.Last week, Ward co-sponsored another resolution, calling on Harvard and MIT to request “concessions from employees...
...fellow who spent only two years as a young officer in the Air Force, Defense Secretary Robert Gates is looking equal parts Clausewitz and Sun Tzu - two of history's greatest military tacticians - as he unfolds his battle plan to remake the U.S. military. Last week he unveiled a $534 billion budget proposal for 2010 that calls for killing some of the military's most cherished weapons in favor of less high-tech gear better suited for the wars in Afghanistan, Iraq and the most likely future conflicts. "You don't need," he said, "a $5 billion ship...