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...data on this tax swing aren't out yet, but there's plenty of other evidence. For one thing, while income tax revenues are up sharply, Social Security and Medicare tax receipts have remained flat as a share of the economy. "That tells you it isn't the average wage earner whose taxes are going up," says Steuerle. Another sign is that capital-gains taxes, paid mostly by the wealthy, doubled from...

Author: /time Magazine | Title: Thanks, Rich People! | 3/9/2007 | See Source »

...this funny American and started furiously brushing away the dirty feathers and bits of dried manure from the patch of Broadway in front of him, making the odors and motes rise and swirl as she cleared a place for him to step. When she came for her wage, he noticed that his writing pencil was still gripped tight in his hand, so he ceremoniously placed both it and a penny in the girl's open palm. She glanced up quizzically, registered his smile, winked her good eye and plunged the pencil like a bodkin into one of her braids, shouting...

Author: /time Magazine | Title: Fiction: A New World Ablaze | 3/9/2007 | See Source »

...needs to act soon. The year 2010 marks the nation's bicentennial, and many fear that if Mexico doesn't hit the road to real development--especially a higher-wage economy--during Calderón's presidency, the country may face yet another century of Third World malaise. "If he wants to be a relevant President, he has to transform Mexico," says Luis de la Calle, a former trade undersecretary and prominent business consultant...

Author: /time Magazine | Title: Bush's New Friend in Mexico | 3/8/2007 | See Source »

...that, Spinetta wrought a minor miracle: finding the elusive "third way" between the protective, paternalist policies of welfare-state systems and the dog-eat-dog free-market approaches of U.S. and British firms that send French workers running to the barricades. Spinetta managed that with a mix of wage restrictions in exchange for equity in the newly privatized company...

Author: /time Magazine | Title: Air France: Climbing | 3/8/2007 | See Source »

...follow his father, grandfather and great-grandfather into politics. The son of Junichiro Koizumi, who resigned as Japan's PM in September 2006, Koizumi Jr. is a successful TV actor. His endorsement fee for a low-calorie beer advertisement was rumored to have eclipsed his father's wage...

Author: /time Magazine | Title: Premier Attractions | 3/7/2007 | See Source »

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