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...want to keep money in the U.S., then sending it overseas for oil and gas is counterproductive. Yet the Obama budget includes a 13% excise tax on offshore oil and gas production in the Gulf of Mexico, threatening the domestic oil and gas industry at a time when we should be encouraging it to return resources home to America. The various tax increases in the Obama budget combine to form as great a threat to economic growth as the Smoot-Hawley Tariff - in effect a huge tax increase on consumers - did in the 1930s. Obama needs to slow down, recognize...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

...solutions also include a strategy for energy abundance that would lower energy costs by exploring for more domestic oil and natural gas, as well as investing in sources of affordable energy for the future, including clean coal, renewable fuels, wind and nuclear. We also call for the abolition of capital-gains taxes, which would immediately add value to the personal portfolios of every American and bring relief to anyone saving to retire, buy a home or go to college. This is the type of vivid pro-growth, pro-savings and pro-investment strategy that's needed to create jobs...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

...follow all the news, and if their ridership hasn’t gone down as they say even though gas prices have, I want to know where all that increased ridership income is going,” she said. “The waste that is going on is unfortunate and unnecessary...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: MBTA May Up T Fare if Bill Goes Down | 3/11/2009 | See Source »

...therapeutic entertainment value, though, the performances raise questions about whether or not a musical experience can contribute to a visual one. The art among which Wei and Wu played—works by artists as stylistically and chronologically diverse as Edgar Dégas, James McNeill Whistler, Fra Angelico, Daniel Chester French and contemporary artist Max Grotjahn—is united in the fourth floor galleries to draw “attention not only to technical and stylistic innovations, but especially to continuities and revivals of themes and styles,” according to the galleries’ posted introduction...

Author: By Antonia M.R. Peacocke, CONTRIBUTING WRITER | Title: Museum Matches Music to Masterpieces | 3/11/2009 | See Source »

During Russia's fat years, waistlines expanded almost as quickly as oil and gas exports. But now that lean times have returned, Russia's Ministry of Health is encouraging a revival of a diet full of cabbage, sour milk and other traditional foods to fatten Russians' wallets and slim their bellies. The advice, contained in a new Ministry report, is aimed at helping a population hit by rising unemployment, a falling ruble and ever-increasing food prices...

Author: /time Magazine | Title: Russia's Economic Rescue Plan: Go on a Diet | 3/11/2009 | See Source »

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