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...test comes on Jan. 18, when the first of several key state and municipal elections takes place in Hesse. According to polls, Merkel's CDU has a good chance of beating the SPD. It was against this political backdrop that Merkel this week dropped her vehement opposition to cutting taxes, under pressure from allies within her conservative alliance. "The people expect tax relief," said Bavarian Premier Horst Seehofer, who has fought Merkel for weeks to push through tax cuts. "It's not about winners and losers, but doing the right thing...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...real point of MNN isn't to provide the kind of complexity and depth you might get on a website like grist.org, where greener-than-thou commenters will dissect the minutiae of a carbon tax. Instead, it's to offer simplicity. That's on display in one of the site's more innovative features, "Translating Uncle Sam," in which MNN's bloggers take raw data from government websites - whose comprehensiveness is eclipsed only by their impenetrability - and put it into user-friendly terms. Given the way people twist data, knotting them like Atlanta traffic, in environmental debates - especially those about...

Author: /time Magazine | Title: Introducing MNN, the New 'Green CNN' | 1/8/2009 | See Source »

...allow Washington to keep LIHEAP at that level in the next federal budget - making it just as important, say advocates, that one or more U.S. oil companies pitch in alongside Citgo. President-elect Barack Obama pledged during his campaign last year to force something similar: a windfall-oil-profits tax that would effectively make Big Oil fork over an "emergency energy rebate" for low-income households. But as his Jan. 20 Inauguration approaches, Obama seems to be backing...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control over their prices. If they did, then why would oil prices ever drop? Kinsley's logic does not follow. Ryan Young and Drew Tidwell, Competitive Enterprise Institute...

Author: /time Magazine | Title: The List Issue: Best and Worst | 1/7/2009 | See Source »

...bolstered by over $1 billion in trust fund reserves, according to Robb Smith, director of Policy and Planning for the Mass. Labor and Workforce Development Office. From January through November 2008, the state collected $1.4 billion in employer contributions and paid out $1.3 billion in benefits. While employer contribution tax rates are set to increase this year, Smith said unemployment would likely increase as well—he estimated that the state would take in $1.5 billion in employee contributions in 2009, while paying out $1.7 billion in benefits. “We’ve taken a look...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Mass. Unemployment Fund Still Solvent in Economic Recession | 1/7/2009 | See Source »

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