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...keeping score, that one was Type A--it deadlocked completely), Social Security has been collecting higher payroll taxes from workers to build up the trust fund in preparation for the baby boom's retirement, which starts in 2008. Year after year, the trust fund lent that extra money to the Treasury's general kitty to pay for things like the Marine Corps, national parks and all those deficits during the 1980s and '90s. So it's fair to say--and the commission says it over and over--that a lot of that trust-fund money has been spent...

Author: /time Magazine | Title: The Sky Will Fall In 2016 | 8/6/2001 | See Source »

...Wahid's credit, his departure was at least peaceful--no small achievement in a city where the practice of rent-a-crowd is so standardized that slum enforcers print up rate cards. (For $2, you get a supporter for three hours; banners and chants are extra.) The question is whether Megawati can maintain a semblance of order. She has stronger backing than Wahid in parliament. And the military likes her: they share a common abhorrence of the separatist fever sweeping through Aceh and Papua (the former Irian Jaya) provinces. Her dynastic birthright helps too. Megawati is the daughter of Sukarno...

Author: /time Magazine | Title: Fire Over Indonesia | 8/6/2001 | See Source »

...rigorous as some outside China have thought. Ethnic minorities like Tibetans, for example, have never had any limits imposed on family. But the new law may combat at least one aspect of the old policy--the corruption that accompanies it. In villages, officials slap fines on citizens with extra children and share profits with doctors who push patients to get sterilized. By bringing decisions closer to the grass-roots, Beijing hopes to eliminate graft...

Author: /time Magazine | Title: China's Lifestyle Choice | 8/6/2001 | See Source »

WHAT IT MEANS TO THE U.S. Shades of the '70s? No. Non-OPEC oil sources have increased significantly since then. But higher energy costs are like an ugly tax. Consumers shelled out an extra $50 billion last year because of higher gas prices. "The danger is that OPEC could be too successful," says Nariman Behravesh, chief global economist for DRI-WEFA, an economic consulting firm. "If they hang tough with their quotas and oil prices stay high as the world economy slows down, the downturn could be even more pronounced...

Author: /time Magazine | Title: Recovery At Risk | 8/6/2001 | See Source »

...gone too far, given kids more power than they can handle and more stuff than they can possibly need? Should we negotiate with our children or just inform them of the rules? Is $20 too much for lunch money? What chores should kids have to do, and which are extra credit? Can you treat them with respect without sacrificing your authority? Cheer them on without driving them too hard? Set them free--but still set limits...

Author: /time Magazine | Title: Parents and Children: Who's In Charge Here? | 8/6/2001 | See Source »

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