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...lawyer and lobbyist for the accounting industry for more than 20 years, Pitt led the fight against Levitt's proposals. Now he's pressing for a new industry-funded oversight board. But the current board never flunked an auditor in 25 years of peer reviews. Pitt's proposal "lacks teeth and independence," says Levitt. The Senators may be talking about stricter regulation in televised hearings, but they're not proposing many bills. Will their change of heart last long enough to result in real action...

Author: /time Magazine | Title: Can Lawmakers Now Afford To Be Obstacles To Reform? | 2/4/2002 | See Source »

...small and short-term, so long as Congress restrains spending and acts in a fiscally responsible manner." And while Bush declared his economic policy to be sum-up-able in just one seemingly agreeable word - "jobs" - you could tell by the crowd, now divided between steroidal Republicans and teeth-clenching Democrats, that it's going to be a long fight ahead. (None of that, however, explains why Dick Armey was reading a book...

Author: /time Magazine | Title: State of the Union: No Sugar-Coating | 1/29/2002 | See Source »

...RECESSION THEORY President Bush may have the highest approval ratings since George Washington had real teeth, but not even a quick victory over a hopelessly outmatched enemy can save a President from the dreaded R word. As Britain's National Post suggested, what better way to choke-start the flagging American economy than a presidential endorsement of a $1.6 billion-a-year snack food...

Author: /time Magazine | Title: Starting Time | 1/28/2002 | See Source »

...reprints the weekday strips at twice the size they normally get in the paper, revealing the fine pen work. Because of the reduced reprint size for most strips, only the most simplistic scribblers get rewarded. While many other strips look as if the cartoonists held the pen in their teeth, Griffith actually shades his work for depth and weight. The Sunday strips likewise use the color for effect rather than being merely colored-in. One Sunday strip has just two panels. The left shows a vibrant, eclectic city street and says, "Good for you." The right panel of a bleached...

Author: /time Magazine | Title: Are We Having Art Yet? | 1/22/2002 | See Source »

...Court decisions that it ought to be rewritten. In the latest case, Toyota v. Williams, the court further narrowed the definition of who is disabled. Being unable to do your job isn't enough, the court said; you must also have significant trouble with daily activities like brushing your teeth. This could eliminate many people with disabilities such as carpal-tunnel syndrome...

Author: /time Magazine | Title: Is The Disabilities Act Disabled? | 1/21/2002 | See Source »

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