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...Atlanta needed somebody a little out of the ordinary. Her predecessor, Bill Campbell, had completely blown the public's trust in city government. Two of his top aides pleaded guilty to charges of bribery, and Campbell is awaiting trial on a seven-count indictment for, among other things, bribery, tax fraud and corruption. Franklin inherited an $82 million budget deficit, which was about 20% of the entire city budget and $37 million more than she had been led to expect. Atlanta's homeless population was exploding, the city's infrastructure was fraying, the streets had not been maintained in eight...
Berlusconi Adjusts His Set Last week the government of Italy's Prime Minister, Silvio Berlusconi, was in crisis. His center-right coalition, shaken by overwhelming losses in regional elections earlier this month and bitter debate over the leader's tax and economic policies, began to disintegrate: one Deputy Prime Minister, Marco Follini, resigned and withdrew his ministers from the Cabinet, raising the possibility of early elections. But financially, Berlusconi the media tycoon had a great week: his family's holding company announced the sale of 197 million shares in the Mediaset group - which owns all three of Italy's major...
Granted, there have certainly been growing pains, but the pains should not blind us to the growth. In addition to corrupting and jading China, the Communists have also modernized and industrialized the country. Johnson rightly points out that the tax system and the village democratizations are terribly botched, but we have to keep the discussion in context: these reforms are all of 11 and 23 years old, respectively. Compared to other Communist countries from Cuba to North Korea, China’s record does not look nearly so bleak...
Edwards also suggested repealing the administration’s tax cuts as a possible way to pay for these initiatives and said that Bush was encouraging an “ownership society...
...Congress are beginning to offer plans that don't even include private accounts within the Social Security system. One of the more popular ideas is Florida Rep. Clay Shaw'S proposal for so-called "add-on" accounts. Realizing Democrats are adamantly opposed to private accounts funded through the 12% tax employers and employees pay into Social Security, his idea would allow workers to get a tax credit of 4% of their wages, up to $1000, that they put into savings accounts. Rather than paying for these accounts through benefit cuts or tax increases, Shaw proposes borrowing more than $3 trillion...