Word: overhaul
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...relief suggestion comes at a time when the government is trying to rein in a budget deficit that amounted to 3.3% of GDP last year. Although the fiscal outlook has improved lately due to a pickup in the local economy, many officials and politicians say a sweeping overhaul of Hong Kong's tax system, such as introduction of a sales tax, is needed?making it harder to sell a reform that looks like tax relief for gamblers. In September, Financial Secretary Henry Tang said he might consider the reduction if it could be clearly demonstrated that tax revenues would...
...President wasted no time after his re-election reining in the two other agencies that haven't always been on the White House's page--the State and Justice departments--by naming longtime personal aides to run them for the next four years (see following story). The CIA overhaul had actually begun a few months earlier, when Bush named Goss, 65, to succeed George Tenet, who was adored by agency personnel but resigned after seven difficult years. Tenet spent a lot of time in his final years defending the agency against criticism for a string of intelligence failures--and through...
...Museum Of Modern Art (MOMA) in New York City announced that Yoshio Taniguchi had won a 10-entrant competition against world-famous architects like Bernard Tschumi and Rem Koolhaas to design the museum's $425 million overhaul. Around the world, art lovers and architecture mavens alike responded with a loud, bemused, "Who?" So unknown was the 67-year-old architect outside his native Japan that one confused well-wisher congratulated Terence Riley, MOMA's chief curator of architecture and design, on selecting "Tony Gucci," a nonexistent Italian architect...
...overhaul of the Social Security system--in theory welcoming millions of the working class into the investing class--might aid G.O.P. mastermind Karl Rove's plan to fashion a permanent Republican majority. "What does it mean when every truck driver and waitress becomes a stockholder?" asks Michael Tanner, an economist at the Cato Institute and one of the architects of the private-account movement. "You can create inheritable wealth for low-income people and minorities. If you turn those truck drivers and waitresses into stockholders, they vote and behave very differently...
...that the Clinton administration did not have—that Saddam was an irresponsible dictator who violated U.N. resolutions and was a threat to the United States (a fact that even Senator Kerry agreed about several times prior to our invasion of Iraq). And, luckily, Bush is heading an overhaul of our national intelligence system. 9/11 has woken...