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...that India's Parliament passed a new fiscal-responsibility act that directs the government to trim its expenditure each year so that by 2008 it will spend no more than it receives in revenues. "We're moving in the right direction," he says. Singh is also moving to fix the country's tax system, which suffers from loopholes and evasion. This year, the government plans to introduce a single, uniform value-added tax to replace India's jumble of state and local sales taxes; economists expect the new tax regime will widen the government's revenue base and make life...

Author: /time Magazine | Title: Shaky Footing | 1/4/2004 | See Source »

...With national elections possibly looming in the spring, some international observers worry that surprises at the polls could produce a coalition government without the political will to curb the deficit, fix taxation and continue with the privatization program. Singh, however, asserts that India's reform process is now irreversible?regardless of the elections' outcome. "There are certain ideas which become the dominant themes of the time," he says. "Growth, progress, development, equitable distribution?is today's idea. No political party, no coalition party will be able to go outside the realm of this idea...

Author: /time Magazine | Title: Shaky Footing | 1/4/2004 | See Source »

...hubristic, technological age. We still don't know a lot. We screw up. We fail even as we succeed. We do not know everything. As Defense Secretary Donald Rumsfeld pronounced, there are "known unknowns," and then there are "unknown unknowns." Some things are actually quite hard to fix because the systems behind them are intricate, complicated and created by humans. New Yorkers and the inhabitants of a whole swath of North America spent a delirious, humid night in the complete dark in August, and for hours no one had a clue why the power grid had crashed...

Author: /time Magazine | Title: The Year of Living Erroneously | 12/29/2003 | See Source »

...most children back in the '80s, when only 5% of U.S. kids were overweight, we were trim, maybe even skinny. But the percentage of overweight or obese children has tripled since then, along with all manner of related health risks, from diabetes to heart disease. And now our quick-fix society has come up with a pill for the problem: Xenical, the first obesity drug approved by the Food and Drug Administration (FDA) for adolescents...

Author: /time Magazine | Title: Health: Fat Pill For Teens | 12/29/2003 | See Source »

Dean said yesterday that Saddam’s capture “hasn’t made America safer,” while Clark said the development offered the U.S. the opportunity to fix past failures in its Iraq policy...

Author: By Wendy D. Widman, CRIMSON STAFF WRITER | Title: Lieberman Says War in Iraq Still Merits Support | 12/16/2003 | See Source »

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