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...this "reform." After all, it has revealed to young people the extent to which they have been victims of their elders, who have hoarded generous social benefits for the last 20 years. Financing those benefits has created a debt whose annual interest approaches France's total annual income-tax revenues. Against this backdrop, Villepin has managed to drive onto the streets not just youth who are locked out of the labor market, but also civil-servant trade unions, which habitually block reform on the pretext of resistance against what they sloppily label "ultraliberalism." Such unholy alliances have characterized France...

Author: /time Magazine | Title: A Strange Kind of Revolution | 3/26/2006 | See Source »

HSBC is more than just a bank. Sure, it's flush with $1.5 trillion in assets, and its canny deposits scooped up pre-tax profits of $21 billion last year. But it's also got a worldwide staff of 250,000, many of whom spend much of their time in the air shuttling among HSBC's 10,000 offices. And that makes the London-based megabank both a global building manager and a major travel company...

Author: /time Magazine | Title: The Greenest Bank | 3/24/2006 | See Source »

...Gingrich's Contract was a voter-friendly manifesto that tied together Republican advantages on themes as disparate as congressional ethics and tax policy into a manifesto for an electoral landslide. The Democrats may envy the former House Speaker's success in creating a winning narrative, given the large advantage they enjoy on issues such as rebuilding after Hurricane Katrina, protecting Americans' rights, standing up to special interests and corruption, managing government spending and tax policy. Still, the Republicans retain an 11-point edge over the Democrats on the question of dealing with terrorism, while voters are evenly split...

Author: /time Magazine | Title: A New Poll: The Democrats by 9 Points | 3/24/2006 | See Source »

...increased prescription drug benefits of 2003. Meanwhile, billons continue to go down the Iraqi drain, with fresh funds flowing from Congress almost every other month to fund the administration’s flagship failure. Yet neither war nor terrorism changed the Republican conviction in lower taxes for the higher classes. Snow’s pleas to Congress for more money, more debt, amount to more bills for future generations. But those generations are the ones that keep suffering the lack of attention from current the Federal government. We are appalled by the Houses’ rejection of a bill...

Author: By The Crimson Staff, | Title: Damned, Voiceless Youth | 3/22/2006 | See Source »

...need friends,” McGovern said. “It is statistically impossible to be hated any more” in the Muslim world, he said. One of the most outspoken members of the House, McGovern was the first to put forward a bill proposing to block tax money from funding the war in Iraq. McGovern also spoke at length about his frustration with the duplicity of politicians in Washington. “My definition of patriotism is to say what you believe,” McGovern said. “To be silent is not patriotism, but moral...

Author: By Barrett P. Kenny, CONTRIBUTING WRITER | Title: Rep Boosts Bid of Patrick '78 | 3/20/2006 | See Source »

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