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...Municipal unions, which in recent years have had more success winning premium health benefits than wage increases, are incensed at the notion that their members could get hit by a new health-insurance tax, even an indirect one. "In our judgment, we think it's inequitable to tax individuals because of who they work for, what they do or where they work," says Chuck Loveless, legislative director of the American Federation of State, County and Municipal Employees. Of the Kerry excise tax proposal, Loveless says, "We're looking at it very closely and we're trying to calculate the cost...

Author: /time Magazine | Title: Taxing Pricey Insurance: No Health-Care Cure | 7/28/2009 | See Source »

...Taiwan's success in electronics is a prime example of economic policies that lifted the island from poorhouse to powerhouse in a generation. But these days, the model that Taiwan has followed since the 1960s - concentrating heavily on building industries that could export to the wealthy West - has been exposed as dangerously flawed. Amid the global recession, electronics exports plunged 28% in the first half of 2009 compared to a year earlier, contributing to a 10.2% contraction of Taiwan's first-quarter GDP, the worst quarterly performance in the island's history. The government forecasts the economy will shrink...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...load of critics, this time for matters such as "extraordinary renditions" and the harsh interrogation of suspected terrorists in secret overseas prisons known as black sites. Poor Langley--praise is a scarce commodity for an agency whose missions, as President George W. Bush put it, remain "secret even in success...

Author: /time Magazine | Title: Brief History: Secret CIA Missions | 7/27/2009 | See Source »

...success of the Change List in the provincial elections would be a sign of just how much these criticisms are gaining traction in Kurdistan. But while many Kurds certainly welcome a new spirit of competition in their political system, it may come at the cost of increasing tension between Kurdish leaders and the Iraqi government. Besides campaigning against corruption, the Change List accuses Kurdish leaders of doing a poor job of standing up for Kurdish interests in Baghdad, such as seeing that the government delivers on its constitutional obligations to return Kirkuk and other disputed areas to Kurdish governance. With...

Author: /time Magazine | Title: New Kurdish Party Could Destabilize Northern Iraq | 7/27/2009 | See Source »

Ironically, the Change List's electoral success could result in the further consolidation of power in the hands of the KDP. The balance of power between the KDP and the PUK started to shift in the KDP's favor after Talabani took the prestigious but highly symbolic office of the Iraqi presidency, allowing Massoud Barzani to build up a power base back home in Kurdistan. The Change List further eroded the PUK's stature in the region by mounting a significant challenge against the party on its home turf in Sulaimaniyah...

Author: /time Magazine | Title: New Kurdish Party Could Destabilize Northern Iraq | 7/27/2009 | See Source »

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