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...conclusion: it does, and shockingly well, an impression that struck him one rainy day when he taught his nephew, 7, the video game SimCity and soon found the kid making suggestions about industrial tax rates. Video games, Johnson notes, impel us to learn because playing them means not just following rules but also discovering what the rules are. And these rules can be staggeringly complicated. Johnson unpacks the nested objectives of just one segment of a Zelda video game with enough detail to bury the canard that it is "passive" entertainment...

Author: /time Magazine | Title: Books: Children, Eat Your Trash! | 5/1/2005 | See Source »

...promote alternative fuels--ethanol, biodiesel, liquefied natural gas--and hybrid-auto technologies. "This is not pie in the sky," says Frank Gaffney of the Center for Security Policy, as tough-minded a security hawk as can be found in Washington. "The technology is all there. But you need tax incentives to encourage the automobile companies to produce the hybrid cars and federal support to bring the alternative fuels to the pump. You need a major national campaign to accomplish this, but it may not be as hard as people think. For example, I'm told that since most people drive...

Author: /time Magazine | Title: The Perils of Hands-On Diplomacy | 4/30/2005 | See Source »

Harvard will take initial steps next week toward issuing about $191 million in tax-exempt bonds, refunding existing debt and financing capital projects through borrowing...

Author: NO WRITER ATTRIBUTED | Title: Preparing to Finance Capital Projects, Harvard Will Issue $191 Million in Tax Exempt Bonds | 4/28/2005 | See Source »

...have the opportunity to use tax-exempt debt, which is a really low-cost financing vehicle,” Sander said. “When we can borrow money from other people at attractive tax-exempt rates, it’s very favorable to the University...

Author: NO WRITER ATTRIBUTED | Title: Preparing to Finance Capital Projects, Harvard Will Issue $191 Million in Tax Exempt Bonds | 4/28/2005 | See Source »

Meanwhile, the sense of wealth that President George W. Bush's tax cuts engendered has been overdone. Some of the savings have been offset by rising state and local taxes and fees. And if you pay the alternative minimum tax, which is rapidly encroaching on the middle class, say goodbye to a big chunk of your federal tax savings...

Author: /time Magazine | Title: Inflation: It's Worse Than You Think | 4/26/2005 | See Source »

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