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...sure, some economic incentives are handed out for a seemingly worthwhile public purpose. The tax breaks that companies receive to locate in inner cities come to mind. Without them, companies might not invest in those neighborhoods. However well intended, these subsidies rarely produce lasting results. They may provide short-term jobs but not long-term employment. And in the end, the costs outweigh any benefits...

Author: /time Magazine | Title: Corporate Welfare: Corporate Welfare | 11/9/1998 | See Source »

...late 1930s was a boy in deep emotional trouble, drinking like a fish and undergoing Jungian analysis. Like other Abstract Expressionists-to-be (Mark Rothko, for instance), he was on the lookout for archetypes and dark, unconsulted levels of feeling, in the hope that art could release his inner shaman, antlers, rattle and all. Hence the portentous "mythic" subjects of his pictures (The Moon Woman Cuts the Circle, Pasiphae and so on) and their general ooga-wooga atmosphere. As Varnedoe writes, "The godsend, liberating idea for him was the one he got simultaneously from looking at modern art and listening...

Author: /time Magazine | Title: Art: Dappled Glories | 11/9/1998 | See Source »

Speaking of James Woods, how invaluable is he to a project like this? Sporting his grim been-to-hell-and-back look, Woods is filled with an inner intensity that boils out onto the screen. Clad in a leather jacket and Ray Ban sunglasses, unflinching when an entire building blows up behind him, Woods brings the necessary mix of swagger, cool bravado, fearlessness and tightly-coiled anger to the role of Jack Crow. It's a good thing, too, since the supporting cast does not add much. Thomas Ian Griffith makes for a striking, if rather dull, villain, leering savagely...

Author: By William Gienapp, CONTRIBUTING WRITER | Title: John Carpenter's Vampires Has a Bloody Bite | 11/6/1998 | See Source »

Magazine covers portrayed her as the prototype of an "Angry White Female," critics attributed her success to an ability to "tap into the inner frustrations and rage of females," and music industry execs simply waited for her fifteen minutes of fame to tick away...

Author: By Soman S. Chainani, | Title: You Oughta Know the softer side of ALANIS | 11/6/1998 | See Source »

...Glass-Steagall, a Depression-era law that bars U.S. banks from uniting with brokerages and vice versa. In Congress the quid pro quo for knocking it down is expanding the mandated banking welfare program known as the Community Reinvestment Act, which mandates low-interest loans in high-risk inner cities. The banks are willing to go along -- "they know that they won't get deregulation without a compromise," says TIME senior economics reporter Bernard Baumohl -- but Gramm...

Author: /time Magazine | Title: Banks' Requiem For D'Amato | 11/5/1998 | See Source »

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