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...Street for last year's labor, which will be paid out in coming weeks, rose 16% to an all-time high of $21.5 billion, according to New York State Comptroller Alan Hevesi. He's as happy as any Lower Manhattan diamond dealer. Those bonuses will bestow $1.5 billion of tax revenue on New York state's budget and another $500 million on New York City's budget, and by extension benefit all state residents...

Author: /time Magazine | Title: Bonuses Top $20 Billion on Wall Street | 1/12/2006 | See Source »

...gave only a glimpse of a very unpleasant situation. I cannot help brooding over the unique condition of a sovereign state being host to another state on its soil. Italy is the host. The Vatican is the parasite. Not only does the Catholic Church obtain substantial financial aid and tax exemptions, but it also arrogates to itself the right to interfere with the policies of the Italian government. Every day the Pope or some Cardinal appears on the TV news, and politicians queue to kneel before the Pope, thereby humiliating the state. If only some latter-day Henry VIII would...

Author: /time Magazine | Title: The Best Photos of 2005 | 1/12/2006 | See Source »

...disappointed with the two major political parties: the parties’ ideologies leave no room for people to form separate opinions on each policy issue.Harvard students vary in their political opinions as much as Harvard and Yale vary in their skills at playing football. Social security, the Patriot Act, tax cuts, affirmative action, gay marriage, drug prohibition deregulation, eminent domain, free trade: each student has an independent answer to each of these questions. Nonetheless, the two-party system forces people to pick one of two package deals of nonsensical and often contradictory opinions. If you favor gay marriage, you must...

Author: By Alexander N. Harris, CRIMSON STAFF WRITER | Title: The Libertarian Option | 1/10/2006 | See Source »

Indian tribes: Abramoff lobbied on their behalf mainly to protect their casino interests?thwarting competing ventures and legislative moves to tax gambling revenues. He and partner Michael Scanlon, a former aide to Congressman Tom DeLay, were also secretly playing off their clients against one another and bilking them of millions...

Author: /time Magazine | Title: How to Raise Cash... Disguise Its Sources... And Buy Influence | 1/9/2006 | See Source »

Americans for Tax Reform: Founder Grover Norquist was a conduit of funds, and though he took commissions, he isn't accused of breaking the law. He sent $1.15 million from just one tribe to antigambling groups and funneled $150,000 sent by eLottery to the consultancy of Ralph Reed, former chief of the Christian Coalition...

Author: /time Magazine | Title: How to Raise Cash... Disguise Its Sources... And Buy Influence | 1/9/2006 | See Source »

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