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...deficits now, and an economy chugging along at 4% growth. Bush's addiction is a reflection of ideology run amok and a twisted reading of recent history. Yes, the economy began to pick up when Ronald Reagan offered his famous 1981 tax-reduction plan, but it continued to grow when Reagan raised taxes in 1982 and '83. And how to explain the economic boom of the 1990s? Bill Clinton's tax increases for the wealthy, which were smaller proportionally than Reagan's, certainly didn't seem to dampen the irrational exuberance of the wealthy...

Author: /time Magazine | Title: A Bush Without Boldness | 2/5/2006 | See Source »

...quite worked out how to regulate the creation of what are called chimeras, after the mythical creature that was part lion, part serpent, part goat. Canada last year passed a law that made it illegal to grow animal cells in a human embryo, or human cells in an animal embryo. Last spring the National Academy of Sciences was more lenient: it affirmed the potential research value of mixing human and animal cells, but drew the line at seeding any primates with human cells-at least for now-and urged that new experiments at least first be run past an expert...

Author: /time Magazine | Title: Viewpoint: The President and the Minotaur | 2/3/2006 | See Source »

...former dean of Harvard College, Harry R. Lewis ’68, wrote in an e-mail, “I am old enough to know that students I might have, though annoying, can turn into fine adults, if given time and encouragement to grow...

Author: By Kristin E. Blagg, CRIMSON STAFF WRITER | Title: Professors Even the Score with Online Student-Rating Blog | 2/2/2006 | See Source »

...Though that deal ultimately failed, Horie's ability to turn his tiny company into a behemoth with a market value as high as $8 billion helped spark a broader M&A boom. Rivals in Japan's go-go Internet industry learned that they too could grow by gobbling up corporate minnows. "A lot of people have followed the Livedoor model," says Tom Sato, founder of Tokyo IPO, a financial-information website. Softbank has executed 140 mergers or acquisitions; Rakuten, Japan's leading online-shopping site, has executed 55 of them; Yahoo! Japan has done 24. Although Japan still accounts...

Author: /time Magazine | Title: Feeding Frenzy | 1/30/2006 | See Source »

...HAMPTONS HAVE LONG CULTIVATED A Climate of easygoing tolerance, and for years town leaders dealt with illegal immigration by simply looking the other way. But that too is changing, as the numbers grow larger and the complaints grow louder. Last November, in a crackdown that has been lauded by anti-immigration groups around the country, police began taking down information about the vehicles that came to the East Hampton railroad station to pick up day laborers. They traced the plates and sent letters to the IRS and federal Immigration and Customs Enforcement agency, saying that the cars' owners might...

Author: /time Magazine | Title: Inside the Life of the Migrants Next Door | 1/29/2006 | See Source »

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