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...proceed to the right thing? Last week's signals from Budget Director-designate Richard Darman were intriguing. At the outset, Darman seemed willing to raise new revenues if euphemisms like "definitional changes" and "user fees" could be substituted for the word tax. Then, in a yin-yang reminiscent of the early 1980s, when he helped craft Reagan's acceptance of revenue enhancements, Darman backed off, invoking the "duck test." No matter what a revenue raiser is called, he told Congress, if it looks like a tax and sounds like a tax, and people perceive...

Author: /time Magazine | Title: George Bush: A New Breeze Is Blowing | 1/30/1989 | See Source »

...both shows: each, for example, plans to take the camera outside the studio occasionally. But mostly the newcomers are following the old-fashioned approach: a band, a couch and an easygoing, plain-folks appeal. Not since the heyday of Merv Griffin and Mike Douglas have talk shows been so user friendly...

Author: /time Magazine | Title: Video: And Now, Nice-Guy Talk Hosts | 1/9/1989 | See Source »

While failing to excite customers, home banking has been a costly proposition for the banks. One problem: although many large creditors like utilities have computerized accounts that allow their bills to be settled electronically, most small businesses do not. So when a home-banking user hits a button to pay, say, a doctor's bill, someone at the bank often has to print out a check, stuff it in an envelope and put it in the mail...

Author: /time Magazine | Title: Technology: Back to The Velvet-Roped Lines | 1/9/1989 | See Source »

...user fee would have benefits beyond forcing a cutback in CO2 emissions. The fuels that generate carbon dioxide also generate other pollutants, like soot, along with nitrogen oxides and sulfur dioxide, the primary causes of acid rain. The CO2 tax would be a powerful incentive for consumers to switch from high-CO2 fuels, such as coal and oil, to power sources that produce less CO2, notably natural gas. When burned, methane generates only half as much CO2 as coal, for example, in producing the same amount of energy...

Author: /time Magazine | Title: Planet Of The Year: Global Warming Feeling the Heat | 1/2/1989 | See Source »

...made significant strides in pollution control and energy conservation during the past 15 years, but the country remains the world's biggest user of natural resources and a major despoiler of the global environment. Because of the size of its economy, the U.S. consumes one-fourth of the world's energy each year. Yet, for a given amount of energy, the U.S. produces less than half as much economic output as Japan and West Germany. Meanwhile, the commitment to reduce pollution has flagged. Although the U.S. accounts for less than 5% of the global population, it generates...

Author: /time Magazine | Title: Planet Of The Year: What The U.S. Should Do | 1/2/1989 | See Source »

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