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...federal government.If that seems strange to you, then you’re not alone. A long list of luminaries ranging from Nancy Pelosi to President Bush have tried to do something to cut the wasteful spending. Farm subsidies are one of those rare issues on which everyone from the staunch free market advocate to the ardent proponent of social justice can see eye to eye. A cursory reading of Mankiw’s Principles of Economics will reveal subsidies are, as a general rule, inefficient; they distort incentives and create deadweight loss. While they can produce artificially low prices...

Author: By Daniel E. Herz-roiphe | Title: Harvesting Cash | 4/7/2008 | See Source »

...pack, Belstaff has been in business since 1924, when the British company broke new ground with its use of breathable, waterproof waxed cotton. Steve McQueen wore Belstaff in The Great Escape, Che Guevara wore it on his famous ride through South America, and racing champions like Sammy Miller were staunch supporters. In the '90s, under the threat of financial demise, Belstaff was saved by Italian racer, motorcycle designer and fan of the brand Franco Malenotti. Economic concerns eventually forced the company to relocate to Italy, but loyalist Malenotti, by transplanting the factory boss from Britain and continuing to use English...

Author: /time Magazine | Title: Road Ready | 3/19/2008 | See Source »

...jarring. On Jan. 17, this paper’s staff published an editorial endorsing Senator John McCain for the Republican nomination, praising among other things his “unequivocal” stance on torture. The Harvard Crimson wasn’t alone in admiring McCain’s staunch opposition to torture. Democrats, Republicans, and Independents alike commended McCain for standing up against the current administration to ban the use of torture in the War on Terror. His courage led members of both parties to admire him as a trustworthy leader. For many, that admiration has changed to disbelief...

Author: By Nafees Syed | Title: McCain a Flip-Flopper? | 3/17/2008 | See Source »

...could get things completely wrong--including civil rights. But what made him formidable was the number of things he got right. Buckley almost single-handedly drove anti-Semitism out of acceptable conservative thought. He was leery of Ayn Rand, Richard Nixon and the Iraq war. And he was a staunch anti-communist. His fixed star was the idea of human freedom. A sure applause line in presidential candidate Barack Obama's speeches this year holds that "it's possible to disagree without being disagreeable." William F. Buckley Jr. was proof...

Author: /time Magazine | Title: The Crusader | 2/29/2008 | See Source »

...descendants of the British colonists whose actions are now being apologized for are far too sensitive about the negatives of colonization and not sufficiently staunch about the great amount of inspired, inventive, generous, inclusive, improving good that their forebears brought about for indigenous people. This point has been lost in a one-sided debate. Bruce Morley, Auckland...

Author: /time Magazine | Title: Inbox | 2/28/2008 | See Source »

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