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...Thompson's credit, that proposal and his detailed plans to overhaul Medicare and Medicaid, streamline government, expand free trade and reform the tax code were all meatier than anything his rivals bothered to produce. But Thompson was content to roll out his policies like basketballs and let other people pick them up and play with them. As TIME's Joe Klein wrote, Thompson seemed to be campaigning from a hammock, and his lack of urgency made him an easy target for late night hosts and Saturday Night Live skits...

Author: /time Magazine | Title: Fred Thompson: Gone Without a Trace | 1/20/2008 | See Source »

...battery-exchange stations. A pilot involving a few dozen cars will start later this year in Tel Aviv. A few hundred vehicles are expected to be on the road by 2009, with production scaled to the mass market by 2011. On Jan. 13, Israel slashed the tax rate on cars powered by electricity to 10% in order to encourage consumers to buy the vehicles once they are available...

Author: /time Magazine | Title: Israel Looks to Electric Cars | 1/20/2008 | See Source »

...controversial decision to use the corporate jet loaned to him by billionaire friend Vincent Bolloré during his Christmas vacation to Egypt with Bruni. Waving off what detractors called a conflict of interest of accepting free travel from a business mogul, Sarkozy cited the savings it represented to French tax payers who would have funded the official planes he would have used otherwise. Today, French online news source rue89.com reported two official jets had escorted the president anyway...

Author: /time Magazine | Title: Sarkozy's 'Sarkotic' Tendencies | 1/18/2008 | See Source »

...Russians claim their sovereign right to have guests abide by local laws, accusing the BC of acting outside its official status due to tax and other irregularities. The Russian Foreign Ministry (MFA) ordered BC branches in Saint Petersburg and in Yekaterinburg in the Urals closed. They were the last remaining regional outfits of the erstwhile 15. The Moscow BC office has permission to carry...

Author: /time Magazine | Title: UK-Russian Tension Growing | 1/17/2008 | See Source »

...Sark's territorial waters. The brothers, who own London's Ritz hotel and the Daily Telegraph newspaper, have used the European Court of Human Rights to help overturn a local inheritance law requiring property to be left only to the oldest male heir and also the "treizième tax," which dedicated one-thirteenth of the sale price of property to the Seigneur...

Author: /time Magazine | Title: A Revolution Not Televised | 1/17/2008 | See Source »

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