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...published last year in the Washington Post (co-written with Jo Becker), Gellman explores Dick Cheney's reign as the most powerful vice-president in American history. Angler - the VP's Secret Service nickname - reveals Cheney's heavy hand in formulating everything from financial policy (Cheney favored of more tax cuts for the wealthy and cuts in the capital gains tax) to energy policy (he forced a reversal on President Bush's 2000 campaign promise to reduce carbon emissions). The bulk of the book's drama, though, is found in Cheney's role in running the government's now infamous...

Author: /time Magazine | Title: Angler: The Cheney Vice Presidency | 9/17/2008 | See Source »

...college in Pakistan and began working for a real estate brokerage firm in Dubai, it seemed impossible not to make money. Foreign buyers from Europe and the U.S. were flocking to the Gulf to get a slice of the oil boom and take advantage of the region's loose tax laws and resort lifestyle. Developers competed to launched one headline-grabbing mega-project after another: a ski slope inside a shopping mall, luxury skyscrapers, condos on artificial islands shaped like a giant palm tree. "It was crazy," says Khan, 25, now a marketing executive for Clifton, a real estate agency...

Author: /time Magazine | Title: The Slump Hits the Gulf: No More Palm Islands? | 9/17/2008 | See Source »

...success of any significance. The highly symbolic rapprochement of France with the U.S. was also both legitimate and necessary. Does this reconciliation necessarily imply France's full return to NATO and the reinforcement of France's military presence in Afghanistan? The answer is yes, but with conditions. The blood tax paid by French soldiers accords France a central role in redefining the common strategy in Afghanistan, where the Western world cannot afford a defeat. Sarkozy's tougher tone toward Tehran, as well as his efforts to secure a climate of trust with Israel, can also be ranked as successes. Only...

Author: /time Magazine | Title: Nicolas Sarkozy: At Home Abroad | 9/17/2008 | See Source »

...donors to a new college center being named after him. Then, early this month, Rangel said he had neglected to declare $75,000 in rental income from a villa he owns in the Dominican Republic. Rangel says his accountant is reviewing his records and vowed to pay whatever back taxes he owes. The congressman, whose committee chairmanship puts him essentially in charge of the federal tax code, has also asked the House ethics committee to investigate his ownership of the villa...

Author: /time Magazine | Title: Charles Rangel | 9/17/2008 | See Source »

...example, Palin’s boiling down tax policy to “How can you possibly be better off if you’re paying more taxes?” is not only an inaccurate and irresponsible portrayal of the issue, but also an insult to the intelligence of the voting populace. Furthermore, to frame all those who supported the war in Iraq as “pro-victory” and those opposing the war as “pro-forfeit” is exactly the type of polarizing and impossibly simplistic dichotomy that allowed President Bush...

Author: By Audrey J Kim | Title: A Pitbull by Any Other Name | 9/16/2008 | See Source »

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