Word: major
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Most tax plans start with increasing the portion that the very wealthy pay as a percent of their income. That is not just true in America. It is a global way of raising money to support government programs, and, by most accounts, it is fairly successful. The major argument against this form of taxation that taxing people who make a lot of money will diminish their entrepreneurial incentives. The wealthy will lose their desire to create more wealth...
...past, drugmakers have tried to justify high prices by the amount it takes to make major discoveries. "The critics just got louder and said, 'That's', but we've got people dying here,'" says Bradley Googins, executive director of the Boston College Center for Corporate Citizenship. "Companies have realized they can't just simply be bystanders anymore...
...after October 2009 meet the "16g rule" - seats must be built to withstand crash forces equivalent to 16 times the force of gravity (older seats were 9g compliant). Ironically, the long negotiation period and concerns among the airlines that the FAA would make requirements retroactive means that almost all major airlines in operation today already have 16g-compatible seats. (See pictures of the plane in the Hudson River...
...Watching the arc of Slumdog Millionaire's reception in India - it has moved speedily from obscurity to minor phenom to backlash to major phenom and now backlash again - I thought of all those indignant Indians denouncing the film as real-life versions of Prem the game-show host. India spent several years, and millions of dollars, promoting the story of "Incredible India," a shiny new world of prosperity, innovation and opportunity. That world certainly exists for millions of Indians, and for a while it was nice to believe that the lucky inhabitants of "rising India" would somehow lift...
Political turmoil will prove a major distraction from Pakistan's faltering fight against Islamic militancy. At a time when the government should be focused on staunching Taliban insurgencies in the northwest, it will now be trying to secure control of Punjab. Javeed believes that the younger Sharif's ejection from the province may prove to be a setback for the entire country. "You can disagree with his very strong style of governance," the commentator says. "But with a growing presence of the Taliban in the south, he was playing a role in stopping their spread. Now there is a vacuum...