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...sooner than expected, raising the question of what to do with the remaining surplus. To avoid "sub-optimal performance by our capital markets," the government should "eschew private asset accumulation" which usually leads to "surplus-lowering policy initiatives"--in other words, if the government will be sitting on a pile of cash, it should increase spending or lower taxes. Keeping his tone as pragmatic as possible, Greenspan further reasoned that "if long-term fiscal stability is the criterion, it is far better, in my judgment, that the surpluses be lowered by tax reductions than by spending increases...

Author: By The CRIMSON Staff, | Title: Greenspan Garbled | 2/5/2001 | See Source »

...They were the lucky ones. Another resident, Girish Sanghani, managed to crawl free from the debris, but his wife Bhavna and their son were entombed under a pile of broken concrete slabs. Miraculously, Bhavna survived the initial collapse. Following her faint cries, Sanghani and rescue workers clawed a hole through the rubble, wide enough to pass down a lamp and a cup of tea?but not large enough to liberate the woman. "She is trapped in a fetal position cradling her child," said rescue worker Nishant Chidda. "We believe the child is dead. Otherwise, she would've passed...

Author: /time Magazine | Title: Tremor Mortis | 2/5/2001 | See Source »

Bush would rather do battle with Clinton's ghost than a Senator of his own party. Bush spokesman Ari Fleischer was right when he labeled Clinton's last-minute pile of new rules, orders and treaties the work of a "busy beaver." The former President's aides had mischief in mind when they conjured up some of these actions, especially the designation of more than 5.6 million acres of federal land as national monuments. If Bush wants to reverse those orders, he will face howls of protests from environmental groups. "We laid a few traps," chirps a happy Clinton aide...

Author: /time Magazine | Title: George W. Bush: Rolling Back Clinton | 1/29/2001 | See Source »

...seem surprising that a deeply religious Pentecostal would choose to make his career in politics, a profession in which the deal very often buries the ideal under a pile of cheap excuses. But to someone like Ashcroft, if you believe it is your duty to serve others, then the ultimate service is politics. He believes it so deeply that when he lost his Senate race in November, he had a party for his staff and another for his fund raisers and personally served the coffee and the ice cream. There were no cameras there to record...

Author: /time Magazine | Title: The Ashcroft Battle: The Fight for Justice | 1/22/2001 | See Source »

...NHTSA rollover ratings are based on a proportional comparison between a vehicle's center of gravity and the width between its tires. Generally, SUVshave a higher center of gravity, which means they are more susceptible to rollovers, particularly if they skid or "trip" on a soft shoulder or a pile of snow...

Author: /time Magazine | Title: Seeking A Safer SUV | 1/22/2001 | See Source »

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