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...estate-tax exemption rises to $1 million per person (instead of the current $675,000), rates will decline and taxpayers will be able to leave more to their heirs on a tax-free basis. But the estate tax doesn't disappear entirely until 2010--and a year later, unless Congress acts, the tax is restored to what it is today. This is absurdity of the highest order, making dying in 2010 so attractive for the rich--and dying in 2011 so unappealing--that wags say some millionaires will pull their own plugs early to shelter their wealth...

Author: /time Magazine | Title: Stupid Tax Tricks | 6/11/2001 | See Source »

...quoted President Bush's statement that McVeigh "is lucky to be in America...a country who will bend over backwards to make sure that his constitutional rights are guaranteed." But in many of the world's developed countries, there is no capital punishment. Unless McVeigh lived in one of the rogue states we in the U.S. deplore, he would not be facing a state-ordered execution! How is he "lucky to be in America"? (THE REV.) JAMES WOOD Bohemia...

Author: /time Magazine | Title: Letters: Jun. 11, 2001 | 6/11/2001 | See Source »

...spirit of Cinco de Mayo wasn't the only thing that inspired George W. Bush to deliver his weekly radio address in Spanish last month. His strategists have been doing the math, and it goes like this: unless Bush raises his marks with minorities--particularly Hispanics--he could lose the 2004 election by 3.5 million votes. By next year, Hispanics will be the dominant ethnic group in at least 15 additional House districts; and every state slated for a new seat in Congress has a growing Hispanic population to thank...

Author: /time Magazine | Title: La Nueva Frontera: Courting A Sleeping Giant | 6/11/2001 | See Source »

...will be a public execution with a familiar postmodern twist: we will be watching not the execution but the watching of the execution. (Unless someone bootlegs video of the closed-circuit broadcast, which the networks say they will not air - unless, of course, someone else does, in which case it will instantly become news.) But this kind of metaspectacle can be powerful. The last official public execution, in 1936, became the last of its kind precisely because of media attention, not to the hanging itself - of a 22-year-old black man convicted of rape and murder in Owensboro...

Author: /time Magazine | Title: The Season Finale of "McVeigh" | 6/9/2001 | See Source »

...point is not to push for a specific academic reform, but to remind the University that structural reforms to undergraduate education are not ends in themselves. Hiring more Faculty may lead to smaller class sizes, but smaller class sizes won’t mean anything unless they can significantly affect undergraduate attitudes for the better. The freshman seminar program is valuable not because the classes are small, but because it is a rare opportunity for first-years to develop and discover academic interests, free from grade or exam worries...

Author: By Richard S. Lee, | Title: A Mandate for the Next President | 6/7/2001 | See Source »

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