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...would subsidize coverage for the poor, establish a base-line benefits package and create insurance cooperatives. It would also prevent discrimination against people considered bad insurance risks. But unlike Clinton's program, Cooper's would not compel employers to provide coverage, only encourage them to do so with tax incentives. Cooper's proposal differs from Clinton's in another important way: it has significant bipartisan support. It is sponsored by 50 members of the House, including 22 Republicans; in the Senate eight moderate Republicans and Democrats are writing an almost identical version. So far, only a single Republican in either...

Author: /time Magazine | Title: OXYGEN, PLEASE | 7/21/2008 | See Source »

...federal bench for life,'' he says, ''should be the best the legal profession has to offer. Too many clearly are not.'' While the Senate prepared to consider Manion last week, the House was pondering the arduous prospect of a judicial impeachment. Convicted two years ago of income tax evasion, Nevada Federal District Judge Harry Claiborne began serving a two-year sentence last month at Maxwell Air Force Base in Alabama. The first sitting federal judge to be imprisoned, Claiborne, a Carter appointee, has refused to resign, continues to draw his $78,700 annual salary and could return to the bench...

Author: /time Magazine | Title: UNMAKING THE APPOINTMENTS The fight is on over Reagan judicial choices | 7/21/2008 | See Source »

...blues is struggling to come out, shouting her salty grief like Bessie Smith. But like her mother, the author is too polite to shout, and too honest to fake it. The story of Lena and Gail can be measured in privilege and recognition; what remains incalculable is the withholding tax that both women are still paying for their lives. BOX: Excerpt ''Lena was mad about her husband. As a high school dropout addicted to the movies, she saw him as the rather unlikely combination of her three favorite stars: Noel Coward, Leslie Howard, and George Raft. Unfortunately, Louis was somewhat...

Author: /time Magazine | Title: DANCING PARTNERS OF CHIC THE HORNES: AN AMERICAN FAMILY by Gail Lumet Buckley; Knopf; 262 pages; $18.95 | 7/21/2008 | See Source »

...nerves of Wall Streeters, though, was the fallout from the Dennis Levine insider-trading scandal, the worst in history. Paranoia swept the close-knit investment community a week after Levine, 33, a former managing director at the firm of Drexel Burnham Lambert, pleaded guilty to criminal charges of income tax evasion, securities fraud and perjury and settled a civil suit charging that he had made $12.6 million in illegal stock- market profits on corporate takeovers. A Securities and Exchange Commission investigation was in full swing, along with criminal investigations by U.S. Attorney Rudolph Giuliani. No official accusations were leveled...

Author: /time Magazine | Title: CIRCUS TIME Wall Street reels over scandal | 7/21/2008 | See Source »

...serious about reducing carbon emissions, we'll need a much larger renewable energy sector than the one we have - and that will mean bipartisan government action, in the form of carbon caps and subsidies that dwarf the miniscule tax credits now available. Our government's inability to cooperate and fund an invaluable energy program that costs less than a $1 billion a year is simply unreasonable - no matter what you think about global warming...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

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