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...state pay rental deposits for its poorest citizens, to offer all young people starting out in the job market an interest-free loan of 10,000 euros, as well as to subsidize 500,000 starting jobs for citizens in that age bracket. Royal avoided any concrete suggestion that new taxes would be needed to pay for those new rights. She did say she wanted to shift the tax burden "from labor to capital." Beyond that, the only means proffered to finance these programs was that old political chestnut, cutting out waste - that and somehow formenting "a rising spiral of convergent...

Author: /time Magazine | Title: S?gol?ne's New Tack: a Hard Left | 2/12/2007 | See Source »

...That's why we were able to reform a death penalty system that was broken. That's why we were able to give health insurance to children in need. That's why we made the tax system more fair and just for working families, and that's why we passed ethics reforms that the cynics said could never, ever be passed...

Author: /time Magazine | Title: Text: Obama's "Announcement For President" | 2/10/2007 | See Source »

Foreign investors are lured west by the interior's lower costs--salaries for highly skilled college graduates in Chengdu are about 30% lower than in Shanghai--as well as tax breaks and other juicy incentives. After Motorola opened a software R&D center in Chengdu in 2001, the city government built the company a special building, complete with a rooftop patio...

Author: /time Magazine | Title: Welcome to China's China | 2/8/2007 | See Source »

...health plan requires employers either to provide insurance or pay a tax of up to 6% of each employee's salary that would go to a government fund that provides coverage. It's the kind of mandate business groups strongly opposed when the Clintons sought to require employers to provide insurance as part of their health plan in the 1990s, and Edwards's plan would likely generate similar opposition if he were elected...

Author: /time Magazine | Title: Is Edwards the Howard Dean of 2008? | 2/7/2007 | See Source »

...Murphy, a $9 billion exploration and refining company, has remained in El Dorado (pop. 22,000) even though the south Arkansas oil fields were largely pumped dry decades ago; the company's 2006 revenues of $14 billion and after-tax earnings of $600 million derive from its wells in Africa, Asia, the North Sea and Canada, as well as the Gulf of Mexico. That it has prospered as El Dorado struggled spurred Murphy to action, says chairman and CEO Claiborne Deming. "This not a booming metropolis by any stretch," Deming notes, alluding to the toll that lumber imports have taken...

Author: /time Magazine | Title: How to Pay for College with Oil Money | 2/3/2007 | See Source »

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