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...stimulus bill "Porkulus," even though it had no actual earmarks. The fact that money is earmarked does not prove it is wasted, and the fact that money is not earmarked does not prove it is not wasted. This is common sense, when you think about it. Earmarks got their name from the bygone practice of branding the ears of livestock to identify their owners, but no one would have thought a pig without an earmark was kosher. The vast majority of wasteful federal spending - sprawl roads and bridges to nowhere, corporate welfare for agribusinesses and Big Oil and King Coal...

Author: /time Magazine | Title: Obama's Budget: Earmarks Aren't the Real Problem | 3/5/2009 | See Source »

...makes clear, that the most prolific earmarkers tend to be the most egregious porkers - Republicans like Thad Cochran of Mississippi, Christopher Bond of Missouri and Lisa Murkowski of Alaska, Democrats like Mary Landrieu of Louisiana and Robert Byrd of West Virginia, who never met an earmark he couldn't name after himself. But earmarks are not the only way they bring home the bacon. In fact, the earmarks in the current budget bill amount to only $7.7 billion, less than 2% of the overall spending. But they will get 98% of the attention. This happens every time Congress passes...

Author: /time Magazine | Title: Obama's Budget: Earmarks Aren't the Real Problem | 3/5/2009 | See Source »

Mutannabi Street, in central Baghdad, has had many names. In the second Abbasid period, it was the Paper Market. Under the Ottomans it was Military Bakery Street. Under the British it was Hassan Pasha Street. The current name dates from 1932, when the Ministry of the Interior renamed much of the city. In all its guises, the street has been famous for booksellers - and much beloved. Informally, it is often called the "artery of Baghdad." On March 5, 2007, it was largely destroyed by a car bomb...

Author: /time Magazine | Title: The Vanishing Booksellers of Baghdad | 3/5/2009 | See Source »

...strange hobby, granted, and perhaps out of place on a street with so much literary, if bookish, romance attached to it. Mutannabi Street is named for Abu Tayeb al-Mutannabi (1915-65), a famously fierce and brilliant poet from Kufa, south of Baghdad. "The most noble place in the world is the saddle of a fast horse," he wrote in one poem, "and the best companion ever is a book." It may be that copiers are of greater value than horses in Baghdad these days, but one wonders what Mutannabi would have made of the street that bears his name...

Author: /time Magazine | Title: The Vanishing Booksellers of Baghdad | 3/5/2009 | See Source »

...human hair, which are still on exhibit in the Auschwitz Museum, were found at a factory in Kietrz, Poland, at the end of World War II. The hair, allegedly from victims gassed at the infamous concentration camp, was supposedly used to manufacture upholstery and carpets. The factory's name was Teppichfabrik G. Schoeffler AG. "Our historians say Schoeffler is Schaeffler," the museum spokesman says, adding that the difference is due to a mere misspelling in the documentation. That, according to the museum, links Auschwitz to Wilhelm and Georg Schaeffler, the brothers who founded the company that is now the Schaeffler...

Author: /time Magazine | Title: German Company Seeking Bailout Is Tied to Auschwitz | 3/5/2009 | See Source »

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