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These arguments are being overpowered by pure (if that is the word) politics. In a political climate that has made increased government spending taboo, the tax code is the best remaining means to hand out rewards to constituents. This is why even Republicans who were whooping it up for a flat tax last year (for instance, House majority leader Dick Armey) are now advocating a change as complex as indexing capital gains for inflation (Armey again). That's also why the new tax bill is being stuffed with special breaks for everyone from whaling captains to sky divers...

Author: /time Magazine | Title: BACK INTO THE TAX MAZE | 8/4/1997 | See Source »

...from his company and moved his wife and nine children with him. When his stint was up, they headed back to Utah, and Huntsman resumed building the $5 billion, 10,000-employee Huntsman Chemical Corp., which he owns outright. Ten years ago, Huntsman shifted his company's mission from pure profit to a three-part priority: pay off debt, be a responsible corporate citizen and relieve human suffering. Thus far, his company has donated $100 million of its profit to a cancer center at the University of Utah. It has also built a concrete plant in Armenia to house those...

Author: /time Magazine | Title: KINGDOM COME | 8/4/1997 | See Source »

...character of Japanese society--the sheer unthinkableness of any but a purely platonic affair between two such protagonists--is perfectly exemplified in the Japanese attitude towards dancing, still looked at askance and rather suspiciously as a somewhat unseemly public demonstration. Sugiyama's victory is not that he wins Mai (though, in a sense, he does) but that he transcends these barriers and gains something even more precious: the pure joy of dancing and a taste of freedom and exhilaration that has eluded him in all the other aspects of his strictly-conventional life...

Author: By Lynn Y. Lee, | Title: 'Shall We Dance?' Charms | 8/1/1997 | See Source »

...hard to imagine controversy over stock-index funds, investments so sensible and pure that they are practically motherhood on Wall Street. The problem, it seems, is that this particular mother has consumed a few too many bonbons and grown to a crushing weight. Money has been flowing into stock-index funds in torrents in recent years as investors have caught on to their appeal: index funds cost little to run, compared to actively managed funds, so more of the profits are passed on to investors. Index funds are also easy to track since they move in near perfect tandem with...

Author: /time Magazine | Title: STOP BAD-MOUTHING THE INDEX FUNDS! | 7/28/1997 | See Source »

...Flower, 1918, that made early audiences cough nervously. And there is the late work From a Day with Juan, 1977, whose white ramp jacked up into heaven presents a bland portentousness that is a lifetime away from O'Keeffe's revolutionary start. Through it all runs a whiff of pure Americana, a longing for an untroubled world sprung from native soil. "It is breathtaking as one rises up over the world one has been living in," O'Keeffe once wrote, "and looks down at it stretching away and away...

Author: /time Magazine | Title: ART: O'KEEFFE ENSHRINED | 7/28/1997 | See Source »

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