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...assured them that he adamantly opposes tax hikes. Economist Art Laffer--famous for a cocktail-napkin scribbling that became the basis for supply-side economics--is one of those whose advice the actor has sought. Laffer says Schwarzenegger told him, "I am the tax terminator." Although Laffer, a flat-tax advocate, has not formally joined the team, he may be asked to develop ideas for long-term tax reform. Others being consulted include former presidential candidate Steve Forbes and Michael Boskin, the Stanford University economist who chaired the Council of Economic Advisers under the first President Bush...

Author: /time Magazine | Title: Arnie's Army: Now He Must Prove He Has Ideas | 8/25/2003 | See Source »

...blistering 115° on a summer Sunday in New Delhi, and it feels as if your head is stuck in a tandoor. But Saurabh Kedia, 22, would never know it. The New Delhi native dips his flat naan bread into a dish of spinach curry in the air-conditioned comfort of a friend's private club. On the table lies Kedia's prized possession, an Ericsson feature-loaded mobile phone with PDA-like functions that cost him nearly $400, almost as much as an average Indian earns in a year. That night he plans to watch X2: X-Men United...

Author: /time Magazine | Title: India: Hey, Big Spenders | 8/25/2003 | See Source »

...McDonald's' menu in India is so customized to Indian tastes that an American would scarcely recognize it. The best seller is the McAloo Tikki burger, a vegetarian fried-potato patty with cheese. The newest entry is the McCurry Pan, a flat pastry filled with hot broccoli or chicken curry. The result: while the floundering fast-food giant scales back and shuts restaurants elsewhere in the world, in India it can't dish out the veggie burgers fast enough. McDonald's has 48 stores in India, 60% of them built in the past 18 months. The outlets see on average...

Author: /time Magazine | Title: India: Hey, Big Spenders | 8/25/2003 | See Source »

...desolate village of 740 souls in the depressed Russian republic of Mordovia, 600 km southeast of Moscow. But for the past three years, Zhbanova, 14, has been following another daily routine: for two hours early in the morning and two more after school, she practices her aces and backhands, flat serves and chip shots, footwork and block volleys. "Trying harder makes up for my starting in tennis too late," she says. "All right, I won't jump as high as Elena Dementieva, but tennis is still my spring-board - the only one I have to take me out of here...

Author: /time Magazine | Title: Tennis, Everyone? | 8/24/2003 | See Source »

...EVIDENCE, July 21], the fact remains that the President presented a piece of false evidence in support of the Administration's case for going to war with Iraq. The CIA HAD warned members of the President's staff that the intelligence was not good enough to make the flat statement that Saddam Hussein had "sought significant quantities of uranium from Africa." Even though Bush cited the British government as the source in his statement, he conveyed a falsehood. It was Bush, not the CIA, who deceived Americans; it is he and his Administration that must be held accountable. GREG...

Author: /time Magazine | Title: Letters: Aug. 11, 2003 | 8/11/2003 | See Source »

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