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Massachusetts legislators and Smith economics professor James Miller have advocated for taxes on large universities. The current proposal calls for a 2.5- percent tax on university assets valued at over $1 billion. If the state of Washington taxes Microsoft, they argue, why should Massachusetts not tax Harvard? The answer is...

Author: By Laura M. Binger, John F. Bowman, and Benjamin J. Oldfield | Title: Harvard’s Role As a Nonprofit | 5/21/2009 | See Source »

The biggest concession to all industrial burners of fossil fuels raised the national cap on greenhouse gas emissions from the original proposal of 5.7 billion metric tons (BMT) by 2020 to 5.9 BMT. The difference may seem nominal until you consider what the elite scientific body, the International Panel on...

Author: /time Magazine | Title: Environmentalists Attack House Global-Warming Deal | 5/16/2009 | See Source »

The initial House proposal triggered opposition by many of the biggest polluters, including electric utilities and industries that burn carbon-heavy coal. They would have to obtain permits for each ton of warming gases - chiefly carbon dioxide - limited by the cap. The bill didn't specify how the permits would...

Author: /time Magazine | Title: Environmentalists Attack House Global-Warming Deal | 5/16/2009 | See Source »

Of course, it probably didn't help the officials who gathered May 7-8 in Prague that extended families on both sides of the match had already seriously meddled with what had been a pretty simple proposal. An outgrowth of the E.U.'s long-standing European Neighborhood Program (ENP), the...

Author: /time Magazine | Title: The E.U. Backtracks on its Eastern European Partners | 5/11/2009 | See Source »

What's going to happen to the tank? The Pentagon's 70-ton Abrams may be battle-tested and almost iconic but perhaps not as important to the kinds of fluid, counter-insurgencies the U.S. has been waging recently. At the same time, however, the Pentagon's latest budget proposal...

Author: /time Magazine | Title: At the Pentagon, It's Tanks, But No Tanks | 5/10/2009 | See Source »

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