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...program that would reform the tax code without changing the burden on the average American. It would raise some taxes only as much as it cuts others. The real target is the alternative minimum tax (AMT), designed years ago to prevent millionaires from avoiding tax, but now increasingly encroaching upon the middle class. Next year the AMT will raise the burden of 21 million taxpayers earning as little as $75,000. But to replace the $1.2 trillion that the tax would bring in over the next 10 years, something sacred had to go, and that's where mortgage deductions come...

Author: /time Magazine | Title: Why They're After Your Favorite Tax Break | 11/7/2005 | See Source »

...needy folk, and nominated a guardian of seafarers. After his bones were removed by Italian raiders to the port of Bari in 1087, prisoners, prostitutes, pawnbrokers and others flocked to his patronage. Soon, every Christian city wanted a piece of him, and relic hunters provided fingers, hair and teeth upon which to build churches. Reaching Amsterdam around 1300, he eventually became a supplier of goodies to kids, as shown in the 1907 postcard at left. And it was Dutch pilgrims who took him to America, where, in 19th century New York City, frothy writers and advertisers turned the austere bishop...

Author: /time Magazine | Title: In The Time Of Nick | 11/6/2005 | See Source »

...Heineman is an extraordinary bundle of intellect, imagination, and experience. We are thrilled to have him, especially at the Belfer Center, because every one of the global problems that we examine, like new energy technology or counter-terrorism, is one in which he has touched upon in his work at G.E.,” Allison said. From 1987 to 2003, when Heineman was G.E.’s senior vice president and general counsel, he espoused “corporate citizenship”—the idea of high performance coupled with high integrity as a necessary element...

Author: By Anupriya Singhal, CONTRIBUTING WRITER | Title: Alum Named To Double Fellowship | 11/4/2005 | See Source »

It’s the one topic that Harvard football coach Tim Murphy touches upon in every single press conference: turnovers. And throughout the early part of the season, the Crimson was giving up too many and not getting enough. Harvard surrendered more turnovers in each of its first four games than did its opponents. Sophomore quarterback Liam O’Hagan threw nine interceptions in his first four contests and the Crimson ranked dead last in the Ivy league in turnover differential. But slowly, Harvard has begun to turn those numbers around. After losing the turnover battle for four...

Author: By David H. Stearns, CRIMSON STAFF WRITER | Title: Finally Turning Around Turnovers | 11/4/2005 | See Source »

...Depression, or the role of Constructivist art in uniting millions of Russians. Pop art forces us to examine our absurd consumer society by parodying such a culture. Art is an immensely powerful tool in shaping the way in which society sees the world in a particular context and reflecting upon that context...

Author: By Thea S. Morton | Title: In Defense of Art | 11/4/2005 | See Source »

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