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From a historical perspective this makes a great deal of sense. Consider that the top marginal rate peaked at 94% in the final years of World War II. It remained above 90% for most of the 1950s, and held steady at 70% during the 1970s. Republican Ronald Reagan emerged as the great tax buster, shaving the top bracket to a mere 28%. (During his presidency the rate in the bottom bracket increased by a point...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...more focused on proving its prowess than on collateral damage to the hostages. In contrast, just months earlier the American embassy had assisted in the release of American aid worker Melissa Himes by sternly warning Cambodia that any state attack on the area in which Himes was being held would jeopardize the flow of U.S. aid money, allowing negotiations between her NGO and the Khmer Rouge to continue. (Read "A Brief History of the Khmer Rouge...

Author: /time Magazine | Title: 1994 Murder of Aussie by Khmer Rouge Re-Examined | 3/2/2010 | See Source »

There are many viable candidates but no clear front-runner for the presidential election scheduled to be held May 30. Candidates belonging to the parties in Uribe's ruling coalition are expected to keep his hard-line "democratic security" policy and Uribismo alive. "Uribe represented a part of Uribismo, but there is also Uribismo without Uribe that will try to continue," says Jaime Araújo Renteria, a former head of the Constitutional Court and current presidential candidate. Congressional elections March 14 will help indicate the strength of Uribe's alliance...

Author: /time Magazine | Title: Colombia Gets Ready for Life After Uribe | 3/2/2010 | See Source »

...when foreign journalists and adventurous travelers were returning to Cambodia to witness the country's Wild West atmosphere. The nation had just returned to being a nominally self-governed democracy following years of civil war, brutal communist rule and foreign occupation. But large swaths of the country were still held by the ousted Khmer Rouge communists. Eight foreigners had been kidnapped in the four months before the abduction of Wilson and his friends. (See pictures of the rise and fall of the Khmer Rouge...

Author: /time Magazine | Title: 1994 Murder of Aussie by Khmer Rouge Re-Examined | 3/2/2010 | See Source »

...several-thousand-page case file at Canberra's insistence to protect its intelligence-gathering methods. Wilson's family, which still lives in Victoria, believes the documents will show that the Australian government did not discourage the Cambodian army from shelling the site where the hostages were being held - a rash move believed to have directly led to their killings in the following days. The army had wanted to swiftly topple prominent Khmer Rouge positions in order to restore the legitimacy it needed in the eyes of Western powers to receive military aid. The show of force, however, tragically misfired, infuriating...

Author: /time Magazine | Title: 1994 Murder of Aussie by Khmer Rouge Re-Examined | 3/2/2010 | See Source »

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