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...reflected in our exports, which have gone up 25% for each of the last five years. Incomes in rural areas have improved very dramatically; we have double digit agricultural growth. That's still not enough to get us out of the hole, however. So we have a safety net program, which is very similar to the social welfare programs in the US. We cannot afford it ourselves as yet, and it is not funded by our own resources, but I am not particularly ashamed or worried about that. I suspect we will always have pockets of hunger. The big question...

Author: /time Magazine | Title: Meles Zenawi Q and A | 8/6/2008 | See Source »

...justifiable Yeah, right from the experts. As always, he was fixated on cutting little things, the so-called earmarks that our legislators put in to provide funds for museums commemorating the harmonica and to build bridges to nowhere. A worthy crusade, a hardy McCain perennial, but one that would net only about $20 billion per year. Meanwhile, McCain was also proposing to extend the Bush tax cuts and add others, including a significant corporate-tax-rate cut, which would subtract about $300 billion. "McCain has set a responsible goal," said Bob Bixby of the deficit-obsessed Concord Coalition...

Author: /time Magazine | Title: The Recession Election | 7/31/2008 | See Source »

...some cases by significant amounts, through increases in taxes on capital gains, dividends and regular income. But Obama has also proposed a whole range of tax cuts, for poor seniors, working people, homeowners and parents, as well as for health-care expenses and even renewable energy. The net effect, according to experts in both campaigns and independent analysts, would be a reduction in government revenue over 10 years. In other words...

Author: /time Magazine | Title: The Candidates' Tax Plans: Fuzzy Math | 7/28/2008 | See Source »

...poured across the Yalu River, once again reversing the tide. They too were pushed back, but MacArthur was forbidden to invade Mainland China. President Truman, reluctant to widen the conflict, ceremoniously dismissed the angry, defiant general, and two more years dragged by before an inconclusive truce was signed. The net result: both sides were more or less back where they had started, at a cost of 54,246 Americans and more than a million Chinese and Koreans dead. To this day, an uneasy armistice prevails. A formal peace treaty has never been signed. The war left writers as well...

Author: /time Magazine | Title: ICY HELL THE KOREAN WAR: PUSAN TO CHOSIN BY DONALD KNOX Harcourt Brace Jovanovich 697 pages; $24.95 | 7/21/2008 | See Source »

...those unwilling to compromise by adopting the soggy Jack LaLanne look or swimming in the safety of a net-protected "pool," doctors have some advice for coping with the sting. Rinse the lesion with cool seawater, they say, and once dry, apply a medicated cream to lessen the pain. Physicians warn against common but counter-productive remedies such as dousing the sting with drinking water, rubbing it with sand, trying to suck the venom from it and - especially - urinating on it. These "therapies," doctors say, are all certain to aggravate the sting's burning sensation, and the last one ... well...

Author: /time Magazine | Title: When Jellyfish Attack | 7/21/2008 | See Source »

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