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...generate some tax revenue - though far less than the $1 trillion-plus over 10 years that could be generated by eliminating the tax-benefit break entirely - and possibly help "bend the curve" (to borrow the wonky slogan du jour) of rising health-care costs. The theory is that high-end insurance that covers everything at little or no cost to consumers discourages those people from shopping around for less expensive care and encourages wasteful overuse of the health-care system...

Author: /time Magazine | Title: Taxing Pricey Insurance: No Health-Care Cure | 7/28/2009 | See Source »

Khamenei must be considering the risks of arresting Mousavi to put an end to protests. He certainly has the authority and power to do so. Since the election, the Revolutionary Guards, which report directly to Khamenei, have all but imposed a military dictatorship over the country. Its volunteer vigilantes, the Basij, along with the secret police, are the ones beating up and arresting demonstrators. But arresting Mousavi, Khomeini's political scion, would be akin to arresting Thomas Jefferson. (See pictures of the legacy of Ayatullah Khomeini...

Author: /time Magazine | Title: Iran's Leaders Battle Over Khomeini's Legacy | 7/28/2009 | See Source »

...that Khamenei has refused new elections, the opposition has switched from challenging the June 12 election results to attacking the legitimacy of Khamenei himself. They are counting on Khamenei to continue cracking down on demonstrators, arresting larger numbers of opposition supporters and eventually jailing the leaders. In the end, they believe, Khamenei will so antagonize Qom's ayatullahs that the country's clerical leadership will issue a fatwa condemning Khamenei and the June 12 election. Such a fatwa would strip Khamenei of any legitimacy as Iran's clerical Supreme Leader, eroding his support in the Revolutionary Guards. Already, the enlisted...

Author: /time Magazine | Title: Iran's Leaders Battle Over Khomeini's Legacy | 7/28/2009 | See Source »

...Halevi: "You have a kind of borderless community that in its best expressions maintains international charity efforts that are second to none. But the dark side of this is a mentality that often too easily slides into rationalizations for acts that cannot be rationalized, with the idea that the end justifies the means. Here we are raising money for charitable institutions, and therefore we're allowed to cut corners." Halevi adds, "There have been other examples in the past of drug-running happening under cover of certain religious institutions here. There have been too many examples of abuse...

Author: /time Magazine | Title: Jersey's Corruption Scandal: The Israeli Connection | 7/28/2009 | See Source »

...supply in recent months and many have offered substantial deals. But the inventory problem has been complicated by widespread dealer shutdowns - no change in inventory but fewer dealers to sell it - so the correction process is far from complete. Carmakers had nearly 3 million units on hand at the end of 2008 and could have any many as 2 million units in stock by the end of 2009, according to an estimate by the consulting firm PricewaterhouseCoopers...

Author: /time Magazine | Title: As Cash for Clunkers Starts, Dealers Hope to Clear Lots | 7/27/2009 | See Source »

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