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...Reagan's tax cuts for the nonrich were big money losers, and it took the fiscal discipline of Bill Clinton to mop up the resulting red ink. Laffer gushes with praise for Clinton, but he's also a fan of Clinton's successor. "What Clinton did was, he gave Bush the fiscal flexibility to do what was right," Laffer says. In the face of the recession and terrorist attacks of 2001, Bush "needed to stimulate the economy and spend for defense, and Clinton gave him the ability to do that...

Author: /time Magazine | Title: Tax Cuts Don't Boost Revenues | 12/6/2007 | See Source »

...struggle is the interesting part--that when you're successful, it's not so interesting anymore. And you guys probably don't know this, but you're responsible for $9 billion worth of ticket sales among you. I think a lot of it is The Man with One Red Shoe...

Author: /time Magazine | Title: Remaking History | 12/6/2007 | See Source »

HANKS No, I think that had it not been for The Man with One Red Shoe, it would have been $10 billion worth. [Laughter...

Author: /time Magazine | Title: Remaking History | 12/6/2007 | See Source »

...University.” She has, indeed. A breath of fresh, sickly sweet, cotton-candy scented air that’s beginning to turn the dourest place on earth into a lavender plantation. It’s a rainbow-riffic new era—who wants red brick when you can have gingerbread instead...

Author: By Adam Goldenberg | Title: I’m General Apathy | 12/6/2007 | See Source »

...Tape-recorder malfunction The government admits that Omar once gave his handler false information in order to protect a friend, according to the complaint. It was a one-time lapse, the complaint says, and Omar "has proven to be credible and reliable." But there are other red flags. "Clearly the informant had the opportunity to activate and deactivate the recording device," says Rocco Cipparone Jr., defense attorney for Mohamed Shnewer, according to his knowledge of the evidence so far. If that is true, it raises questions about how closely the informant was supervised. (The U.S. Attorney's office declined...

Author: /time Magazine | Title: The Fort Dix Conspiracy | 12/6/2007 | See Source »

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