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...TAX DOLLARS AT WORK Giving new meaning to the term Bible study, Alabama has become the first state to approve a state-funded textbook for nondevotional Bible instruction. The state school board recently included The Bible and Its Influence (a text some civil libertarians actually applaud for steering clear of church-state violation) on its approved list of texts. The book could be in Alabama schools starting August...

Author: /time Magazine | Title: Dashboard: Oct. 29, 2007 | 10/18/2007 | See Source »

...struggle with the legacy of F.D.R. after World War II, generally trying to restrain New Deal programs rather than repudiate them. The right wing of the party was largely muzzled until Ronald Reagan won his third race for the nomination and ushered in a new paradigm of supply-side tax cuts and more conservative policies...

Author: /time Magazine | Title: Unlikely Nominees | 10/18/2007 | See Source »

...build the nation's first private turnpike--62 miles (100 km) of stone and gravel--in exchange for the right to collect tolls. Today Pennsylvania finds itself in a similar bind, with the money it needs for roads and bridges far outstripping the money it gets from the gas tax and other revenue streams. So Governor Ed Rendell is turning back the clock, proposing a slew of deals with the private sector, starting with a long-term lease of the 359-mile (578 km) Pennsylvania Turnpike, which could bring the state an estimated $12 billion to $18 billion up front...

Author: /time Magazine | Title: Who Really Owns the Roads? | 10/18/2007 | See Source »

...found not to be in the public's interest. That's pointedly at odds with the Department of Transportation (dot), which, following the lead of the Bush Administration, has been a huge supporter of privatization and helped pave the way by letting some companies issue debt with the same tax advantages as municipal bonds. The dot also drafted model legislation for states considering deals and in at least one case--when Texas backed off a deal with Cintra--threatened to withhold funds...

Author: /time Magazine | Title: Who Really Owns the Roads? | 10/18/2007 | See Source »

...tax on Chinese imports, however, would not directly bring about reevaluation of the Yuan but rather would falsely make Chinese products seem “more expensive.” This would address the symptoms of the problem rather than its cause...

Author: By Justine R. Lescroart | Title: Overvalued Legislation | 10/17/2007 | See Source »

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