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Carens told the crowd that Harvard is "fabulously rich" and assailed the University for cutting jobs and failing to "live up to its responsibility in our community" as a tax-exempt, non-profit organization during a tough recession...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Staff, Activists Protest Layoffs | 6/25/2009 | See Source »

...expenses claims ranged from hilarious to heinous, from charges for replacing a bath plug to maintaining a moated residence. And they demonstrated that some politicians routinely worked the system to minimize their personal tax burden at public cost - much of this falling within rules agreed by MPs over years to enhance their remuneration without having to publicly award themselves fatter pay packets. Over 27 days of revelations in the Daily and Sunday Telegraph, politicians of all hues have been implicated and their reputations trashed...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

...some things I do well and some things I do not so well," he said as faced down his critics. Both parts of that statement are accurate. Some of the things Brown does well are those that helped build New Labour's reputation. Old Labour was the party of tax and spend. New Labour, for the first two years after its 1997 victory, adhered to stringent spending plans set by its Conservative predecessors. Even after that date, as Labour's Chancellor of the Exchequer, or Finance Minister - the office that best suited Brown - he held to his "golden rule," borrowing...

Author: /time Magazine | Title: Labour Pains: Gordon Brown is Running Out of Time | 6/22/2009 | See Source »

...must resolve by July 1, the state is on the brink of financial disaster, and ripples from its fiscal collapse could adversely affect both the nation's economic rebound and, potentially, the Federal Government's credit status. The Republican governor and GOP legislators say they will not raise taxes, especially after Schwarzenegger and six Republican legislators joined a budget deal with Democrats in February that combined deep cuts and $12.8 billion in higher taxes. Now the budget shortfall has spiked again as state tax receipts have dropped 27% from a year ago. Democrats and advocates for programs under the knife...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

Green, Mike • racist tweet - "JUST HEARD OBAMA IS GOING TO IMPOSE A 40% TAX ON ASPIRIN BECAUSE IT'S WHITE AND IT WORKS" - is apologized...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/19/2009 | See Source »

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