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...better than salting his conversation with wry barbs, often aimed at Bob Dole. He even pokes fun at his presidential ambitions, which are complicated by the fact that this year he will frequently find himself at odds with Ronald Reagan or congressional Republicans or both over issues like tax reform and the budget. "I've been trying to keep one foot in 1988," he noted as he relaxed on a plane trip from his native Kansas last week. "Or one toe maybe. I may not have a foot...

Author: /time Magazine | Title: With His Wit About Him | 6/21/2005 | See Source »

With his full-throttle metabolism, the acerbic Senate majority leader seems energized by confrontation, and he is braced for a good dose of it once Congress returns this week. Reagan will be pushing the Senate to overhaul the tax-reform plan passed by the House last year and to make difficult new cuts in domestic spending. Most Senate Republicans feel that tangling with tax reform is less important than tackling the budget; as Dole well knows, addressing that mess requires military cuts and tax increases that will raise Reagan's ire. How Dole handles his task as ringmaster of this...

Author: /time Magazine | Title: With His Wit About Him | 6/21/2005 | See Source »

...Economic reform has been slow in both Spain and Portugal since the two countries ended authoritarian regimes and established democratic governments in the 1970s. The Spanish government has encouraged the shrinking of old-line industries, including steel and shipbuilding, as a way of shifting resources to businesses with brighter futures. But in the process, unemployment has risen to about 20%, from 5.3% in 1977. in Portugal, political instability, which has resulted in 16 governments in the past twelve years, has held back economic progress. The country's per capita annual income is $1,900, less than a third...

Author: /time Magazine | Title: New Members of the Club | 6/21/2005 | See Source »

...will not support "substantial or precipitous changes in the antitrust laws." The overhaul should receive a warmer greeting in the Senate, where South Carolina Republican Strom Thurmond, who heads the Judiciary Committee, plans to give it careful consideration. An aide described Thurmond as a longtime advocate of "sensible" antitrust reform. --By John Greenwald. Reported by Gisela Bolte/Washington

Author: /time Magazine | Title: Plans to Make Mergers Easier | 6/21/2005 | See Source »

...Senator Carl Levin that several of the businessmen had to perch on upended attaché cases. Levin warned them that "the whole spirit of Congress is to get away from regulation," but promised to take a careful look at the Danforth bill. Plaintiffs' attorneys, needless to say, oppose all tort-reform plans. They commonly accuse insurers of creating a sense of crisis to enact laws that would deny just compensation to victims of malpractice or injury. More troubling, they insist that all the tort-reform ideas would undermine a fundamental principle of democracy: the idea that any citizen should have unrestricted...

Author: /time Magazine | Title: Nation: Sorry, Your Policy Is Canceled | 6/21/2005 | See Source »

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