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There is at least some precedent for going public with these kinds of embarrassing mistakes. It is true, for instance, that O'Neill's minor tax transgression was made public by the Finance Committee in 2001. But it didn't cause nearly the stir that has surrounded the more recent...

Author: /time Magazine | Title: Is Congress Being Too Tough on Nominees' Taxes? | 4/3/2009 | See Source »

“What she represents is controversial,” Beattie says. “It’s not an easy situation. She hasn’t done it in an easy way; she has been outspoken. I’m sure there are tons of people who...

Author: By Erika P. Pierson, CRIMSON STAFF WRITER | Title: Sketchy Future for VES | 4/2/2009 | See Source »

Local smokers expressed mixed opinions about the federal tobacco tax increase that took effect yesterday. The tax, which increased the levy from $.39 per pack to $1.01 per pack, was approved earlier this year. For Massachusetts residents, this hike comes on top of the hefty $2.51 per pack state tax...

Author: By Sami M. Khan, CONTRIBUTING WRITER | Title: Tobacco Tax Increase Enacted | 4/2/2009 | See Source »

To what extent has the outcome of today's meeting of 19 leading economies and the European Union already been agreed? That's the $2 trillion question. The sum is the proposed level of fiscal stimulus by G-20 nations identified in an early leaked draft of the final communiqu...

Author: /time Magazine | Title: Just A Few Hours to Save the World at the G-20 | 4/2/2009 | See Source »

The glut of investment led to what economists call an "underpricing of risk," as lending standards were weakened and leverage grew. Economists now widely agree that the systemic sloshing about of capital was a recipe for disaster. If a lack of regulation allowed the fire to spread quickly, the global...

Author: /time Magazine | Title: The G-20's Hidden Issue: A Global Trade Imbalance | 4/1/2009 | See Source »

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