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...simple answer to our tax-system chaos is to abolish the IRS and adopt the FairTax. If everyone who stays in America pays for America, there would be no reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio and home. In return, individuals and companies would pay no income tax. With no disincentives for earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., Virginia Beach...

Author: /time Magazine | Title: Inbox | 6/12/2008 | See Source »

...will kill people in Akihabara," wrote factory worker Tomohiro Kato, 25, in a message posted via cell phone to an online bulletin board on June 8. Then he apparently did just that. Dressed in a pale suit, he drove about 60 miles (95 km) from his home to the popular shopping district and plowed his rented truck into a crowd before leaping out of the vehicle and frantically stabbing innocent bystanders. Seven people were killed in the incident, which followed a disquieting series of random stabbings in recent months in a nation where violent crime is comparatively rare. A Cabinet...

Author: /time Magazine | Title: The World | 6/12/2008 | See Source »

...simple answer to our tax-system chaos is to abolish the IRS and adopt the Fair Tax. If everyone "who stays in America pays for America," there would be no reason to fund bloated federal bureaucracies to pursue tax scofflaws. Every person would pay 23% on every new car, suit, pair of shoes, radio or home. In return, individuals and companies would pay no income tax. With no disincentives to earning more, investment would boom. The stronger dollar would also deflate the price of oil, killing two birds with one stone. John P. Kuchta Jr., VIRGINIA BEACH...

Author: /time Magazine | Title: How Will China Respond? | 6/11/2008 | See Source »

...crowd reacted with cheers, boos and hisses, - underlining the work that remains to be done in uniting the party. Clinton, in a black suit and blue shirt (perhaps unconsciously black and blue), repeated her endorsement of Obama eight more times, using his full name in each instance to underline the formality of her support. Each time Obama's name was mentioned, there was a mixed response. "Emotions are running high right now," said Ellen Malcolm, head of Emily's List, a non-profit group that works to elect Democratic women candidates and one of Clinton's strongest backers...

Author: /time Magazine | Title: Hillary's Fond Farewell | 6/7/2008 | See Source »

...have been controversial. "In the last 40 years, our country has voted 10 times for President. Democrats won only three of those times, and the man who won two of those elections is with us today," Clinton said, gesturing to her right where Bill sat in a dark grey suit. "We made tremendous progress during the '90s under a Democratic President, with a flourishing economy and our leadership for peace and security respected around the world...

Author: /time Magazine | Title: Hillary's Fond Farewell | 6/7/2008 | See Source »

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