Word: taxed
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...world. His key term is the census. In Jesus' time, the immensely popular Emperor Augustus was setting himself up not just as the ruler but also as the semidivine savior of the world. Wherever his censuses reached, his aggressive version of the Roman civic faith followed (along with his tax collectors...
...that new economic energy is not likely to solve California's fiscal crisis. Says analyst Hill: "It is very unlikely the state could grow its way out" of debt. She suggests that all options, including spending cuts and tax increases, be considered. Schwarzenegger has repeatedly said he won't hike taxes but has been unable to get Democrats to agree on new spending cuts. And he has not been the cost slasher he promised to be. For example, after vowing to take back $300 million in pay and benefits promised to the prison guards, Schwarzenegger was bargained down...
...Depression. In fact, though U.S. officials say they want a strong dollar, the open secret in Washington is that they are in no rush to make it happen. For one thing, the steps the U.S. must take to shore up the buck are painful, probably involving some combination of tax hikes and budget cuts to rein in the U.S.'s massive borrowing needs. The federal budget deficit tops $400 billion, and tallying all forms of money flowing in and out of the nation, the country's total accounts deficit will come to about $665 billion this year, or a record...
...Middle East, a free port where business and ideas can mix. On behalf of Dubai's ruling al Maktoum clan, Sheik Mohammed, 56, has spurred growth by channeling government funds, providing infrastructure and slashing red tape for new resorts, business centers and port facilities. The sheik's tax-free policies have helped attract global brands like Microsoft to set up in Internet City, a free-trade zone for ebusinesses. Some 5 million tourists a year stream to Dubai's beach resorts, anchored by the superluxe Burj al Arab. The sheik's latest projects are a series of man-made islands...
...Some Australian nationalists this month are lobbying to ditch their current symbol, far left--which includes Britain's Union Jack--because it conjures up the country's roots as a penal colony. Instead, the Aussies are pushing for a new flag celebrating the 19th century Eureka Stockade, a tax revolt some liken to the Boston Tea Party. Australia is just one of several countries reconsidering their colors. --By Jeremy Caplan...