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...What Iraq needed were Arabists and Foreign Service officers who understood the country's tribal allegiances, or who at least knew a Sunni from a Shia. What CPA seemed to be getting were people anxious to set up a Baghdad stock exchange, try out a flat-tax system, and impose other elements of a lab-school democratic- capitalist social structure. One of my officers returned from a trip to Iraq a month or two after CPA had taken over and told me, "Boss, that place runs like a graduate school seminar, none of them speaks Arabic, almost nobody's ever...

Author: /time Magazine | Title: Excerpt: Tenet Strikes Back | 4/29/2007 | See Source »

...made that trip to Congress in a campaign to slap a tax on blank video tapes, arguing that a home viewer's ability to tape movies shown on TV would bankrupt the studios. "We are going to bleed and bleed and hemorrhage unless this Congress at least protects one industry ... whose total future depends on its protection from the savagery and the ravages of this machine... I say to you that the VCR is to the American film producer and the American public," he fulminated, "as the Boston Strangler is to the woman alone...

Author: /time Magazine | Title: What Jack Valenti Did for Hollywood | 4/27/2007 | See Source »

...Tax dollars the Federal Emergency Management Agency wasted by awarding Hurricane Katrina contracts to companies with poor credit histories and bad paperwork...

Author: /time Magazine | Title: Numbers: May 7, 2007 | 4/26/2007 | See Source »

Edwards says his first act as President will be to send Congress a universal health-care plan--and he has proposed one, with all the gory details. He would require all employers to provide health-care coverage for their employees, and he would provide tax credits, according to income, to all those currently not covered. Edwards says this would cost $90 billion to $120 billion a year, and he would pay for it by eliminating the Bush tax cuts for people earning more than $200,000. This is a breathtaking gamble: that a politician isn't presumed dead on arrival...

Author: /time Magazine | Title: No Baloney Candidate | 4/26/2007 | See Source »

...rights to pollute. He believes the auction will raise $30 billion to $40 billion, which he would spend on conservation and renewable-fuel technology. Like Al Gore, he is opposed to the construction of any more coal-fired power plants. Unlike Gore, he is opposed to a carbon tax. But the 80% reduction in carbon emissions, if successful, will cause the same sort of increase in energy prices that a carbon tax might. "It's time we asked Americans to be patriotic about something other than war. There are some hard things we're going to have to do together...

Author: /time Magazine | Title: No Baloney Candidate | 4/26/2007 | See Source »

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