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...Prime Minister's success in defusing the unemployment issue is doubly impressive because the economic experiment called Thatcherism is, by her reckoning, only halfway completed. Upon coming to power in 1979, she reduced income taxes (the top rate fell from 83% to 60%), raised the value-added tax (a levy on goods and services) 8% to 15% and sharply cut public spending. Thatcher's top priority was righting inflation. That was a reversal of traditional British postwar economic policy, which held full employment as the primary objective. To curb price rises, she cut public spending at a time when rising...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...ties to Former Prime Minister Mahathir Mohamad, the architect of the country's affirmative-action policies. Abdullah says he needs "one or two more terms" to successfully complete various economic projects he has started. One more term seems certain. But how long his administration lasts after that may depend upon how effectively the government addresses the concerns of Malaysia's increasingly restive minorities...

Author: /time Magazine | Title: Malaysia's Election May Be Done Deal | 2/18/2008 | See Source »

...have democracy without a free judiciary. In the West an independent judiciary came several centuries before full democracy. In England, from where you get all your values historically, the chief justice was exercising the power of habeas corpus in the early 17th century. An independent judiciary is the plinth upon which the structure of democracy was constructed. Had the courts not been independent for 200 years, the non-landholding gentry would never have won the right to vote. Independence of the courts preceded democracy. You see what the Americans are trying to institute in Iraq as the most important weapon...

Author: /time Magazine | Title: Q&A with a Lawyerly Rabble-Rouser | 2/16/2008 | See Source »

...restoration of the constitution, and of the recognition that the arbitrary will of an individual has to be subservient to a document that is sacred to the people as a whole. Now people have to be given the faith that their lives and futures do not depend upon the whims of one man before they go to the ballot. The timing is very important. Otherwise the ballot itself will be meaningless and will not empower the people. These elections, if they are held under a dispensation in which one man can brutalize the constitution and get away with it, will...

Author: /time Magazine | Title: Q&A with a Lawyerly Rabble-Rouser | 2/16/2008 | See Source »

...Writers’ Guild was justified in beginning a strike, and perseverant in sticking with it until a fair agreement was reached. We as viewers are glad that the strike is over, and happily anticipate enjoying the fruits of the writers’ labor upon their imminent return to work. In other words: Goodbye, re-runs. Hello, McDreamy...

Author: By The Crimson Staff | Title: Let Them Strike | 2/15/2008 | See Source »

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