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...White House proposed a massive Medicare prescription-drug plan and then flat-out misrepresented the true costs (and quietly included a windfall for drug companies). Every bit of congressional vanity spending, every last tax cut, was approved. Reagan proved that "deficits don't matter," insisted Vice President Dick Cheney...

Author: /time Magazine | Title: The Perils of the Permanent Campaign | 10/30/2005 | See Source »

...symbol of national unity and continuity." Camilla will help. Friends say his marriage has calmed him down. Polls show two-thirds of the public approve of the union (though a similar proportion still don't want her to be Queen). He has modernized his office and pays income tax voluntarily. His focus on what we will hand down to future generations makes him an environmental activist, but a constitutional conservative. So it may be that when the time comes, Charles will retreat into a decorum as impervious and uninspiring as his mother's. Which may help explain...

Author: /time Magazine | Title: A Right Royal Makeover | 10/30/2005 | See Source »

...work-ethic issue is one of those nature-vs.-nurture debates whose popularity rises and falls with the availability of jobs. Unfortunately, Europeans who start their own businesses are crushed by corporate and other taxes. If they can hire support staff, these small one- or two-person businesses in many cases have to fund benefits that the employers themselves do not have: sick leave, paid four-week vacations, holidays, maternity leave, a 35-hour workweek and more. In a turnabout of the exploited and the exploiter, small-business employers feel used, and many dream of the day when they...

Author: /time Magazine | Title: European Heroes | 10/30/2005 | See Source »

...among all the Fed governors was most vocal about the need to generate inflation," says Alan Wild, a global fixed-income manager for Barings Bank. In November 2002, Bernanke publicly spoke of options, citing Milton Friedman's famous "helicopter drop" of money into the pockets of consumers via tax rebates to stimulate spending, which was radical stuff from a central banker. Some are now worried that Bernanke would overcorrect his reputation, raising rates too far to prove his credibility on the inflation-fighting front...

Author: /time Magazine | Title: 5 Ways The New Fed Chairman Will Be Different | 10/30/2005 | See Source »

...Inevitably, there was talk among Floridians about moving elsewhere in the country, especially since windstorm insurance is already so exorbitant that it might as well be the state's income tax. "My 80-year-old parents feel caught between a rock and a hard place," said a woman who had come from New Jersey to Pompano Beach to care for them. "How many times a year can they deal with roofs being blown off and medications running out?" But then the sun comes out, the beaches calm down, the golf courses beckon and the perverse mask of paradise...

Author: /time Magazine | Title: Florida: Just When You Thought It Was Safe... | 10/29/2005 | See Source »

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