Word: riche
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...entertainment since Rin Tin Tin was a pup. We love dog movies for the same reason we love dogs. "A dog has no use for fancy cars or big homes or designer clothes," says Owen Wilson's character in Marley & Me. "A dog doesn't care if you're rich or poor, clever or dull, smart or dumb. Give him your heart, and he'll give you his." There it is: both dogs and dog movies afford us a chance to be incredibly sappy without feeling like a sucker. As the bajillion hits on Puppy Cam and the speculation over...
...other politically loaded cases, Holder seemed all too accommodating to political benefactors. The most notable of these is Bill Clinton's 2000 pardon of fugitive Marc Rich - which Holder facilitated - and the 1999 clemency Clinton granted to imprisoned members of FALN, a Puerto Rican nationalist group linked by the FBI to bombings, armed robberies and murders. Republicans accused the President at the time of using the commutations to draw Puerto Rican support in New York for the budding senatorial campaign of his wife. In the conservative National Review, Andrew C. McCarthy opines, "With the FALN pardons, [Holder] helped foster...
...Politicians from Italy's rich north tried to block the deal because Air France has promised to shift Italy's main hub from Milan's Malpensa back to Rome. On Monday, Milan mayor Letizia Moratti pleaded in vain for Alitalia's managers to reconsider a partnership with German carrier Lufthansa...
...difference between the U.S. and the rest of the rich world is that for the past 30 years or so, Americans consistently rejected "government solutions" to the problems of health, poverty, education and the environment. We've kept our taxes as a share of national income lower than Europe's by focusing on the private sector. But we're getting much less for our money. Markets are great at providing consumer goods and services. We don't want the government running our restaurants, movie houses, bookstores and manufacturers. Markets are not so good, though, at some very important things...
There are certainly some straightforward ways to start closing the budget gap. The Bush tax cuts for the rich should be rolled back this year, not next, to start collecting about 0.5% of GDP in extra revenues from those who can most easily pay, though this might just partly offset other tax cuts and recession-induced declines in tax collections. The spending on the wars in Iraq and Afghanistan should be ended, not prolonged, saving at least 1% of GDP. We'd still probably be close to $1 trillion (perhaps 6.5% of GDP) shy of budget balance. With the economy...