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...from a briefing at the Pentagon. "But I think it's very important that I not do anything which interrupts the deployment." And TIME's Ann Simmons reports that the Army's biggest worry for U.S. soldiers in Bosnia is: land mines. "All soldiers must memorize the mine awareness code: S-I-A-R-M-N: Stop, Identify, Avoid, Report, Mark, Navigate. Basically, the Army doctrine on mine removal is: Do not do it!" For details and more stories, visit TIME World Wide's special page devoted to the U.S. mission in Bosnia with extended daily news, special audio reports...
...ALREADY A RULE OF THUMB for judging secret Pentagon projects, maybe it should be: If the name is astral, the premise is spacy. First Star Wars. Now Star Gate. That is the real code name (not the postscandal tabloid headline) of a secret program that spent $20 million in the past 10 years to employ psychics in pursuit of the unknown...
...gains tax, Lewis proposes raising it to 39%, the same level as the top rate paid by the rich on the income they get from their various income-producing investments, such as government bonds. That, says Lewis, would eliminate the favoritism shown to stocks over bonds in the tax code, and create a "free market" in the process. This is no doubt the first time in financial journalism that a writer has suggested a free market can result from an increase in taxes...
Unsurprisingly absent from Forbes statements have been mentions of the many intricacies of the tax code that the flat tax might erase. For example, would he do away with all the deductions for business travel and the highly-touted investment tax credit? Or just the Earned Income Tax Credit that gives people below the poverty line extra incentive to work? Forbes and his ilk find such complexities distasteful, but they exist for very good reasons...
Looking back on his speech at the Institute of Politics (IOP) last week, we're hard-pressed to tell whether Forbes' message is driven more by stupidity or by hubris. Decrying "legalized corruption" of the tax code via special interest group money in Washington, D.C., Forbes has reached the stupefying (reason-defying?) conclusion that he should be able to buy his way into office in order to lower tax rates for the rich. Forbes' other forceful prescriptions for American politics included calls for a new "individualism" in an "opportunity America"--whatever that means...