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...Bush came to office. The economy was stalling, and there was a budget surplus. We have big deficits now, and an economy chugging along at 4% growth. Bush's addiction is a reflection of ideology run amok and a twisted reading of recent history. Yes, the economy began to pick up when Ronald Reagan offered his famous 1981 tax-reduction plan, but it continued to grow when Reagan raised taxes in 1982 and '83. And how to explain the economic boom of the 1990s? Bill Clinton's tax increases for the wealthy, which were smaller proportionally than Reagan's, certainly...

Author: /time Magazine | Title: A Bush Without Boldness | 2/5/2006 | See Source »

...Those wanting a sneak preview of a possible 2006 match-up in the U.S. presidential race could catch both Senator John McCain and former Virginia Governor Mark Warner. Those anxious to understand modern design could chat to Rem Koolhaas, while opera buffs sought out Peter Sellars. You have to pick and choose in Davos, to decide what it is that you take away from the long journey up the mountain. For me, the key message was that things are not going to be as we have grown used to them being. See, here's the thing: Brad Pitt really...

Author: /time Magazine | Title: Down from the Mountain | 2/4/2006 | See Source »

...McCaughrean? The identity of the other competing authors is a strict secret, but it's a safe bet that the trustees of London's Great Ormond Street Hospital for Children (gosh), to whom Barrie bequeathed the royalties of Peter Pan in 1929, had more bankable names than hers to pick from. She jokes that fame has eluded her because her name is hard to pronounce (say Ma-cork-run) and has to be printed small to fit on the spine. Fame may find her in early October with the media blitz that will accompany Peter Pan in Scarlet when...

Author: /time Magazine | Title: Return to Neverland | 2/4/2006 | See Source »

...above the valley that connects the city to the Alps just 80 km away, this 10th century Benedictine abbey offers a sweeping panorama of the winterland known as the Milky Way, where some 2,500 athletes will vie for gold. Look westward from the Sacra's cobblestone terrace and pick out the 3,800-m snow-capped mountains girding the resort town of Sestriere, site of the Alpine skiing events. Turn a bit farther north to take in Pragelato, where the ski jumpers and cross-country skiers will compete. And then swivel east to see the piazzas and spires...

Author: /time Magazine | Title: Torino Gets Stoked | 2/4/2006 | See Source »

...forestall terrorism and less violent protests from antiglobalists and local environmentalists. Still, most Torinesi think the Games will boost their city. "This is a fantastic opportunity to give Torino an international showcase," says Grissiotto. And even sophisticated Italians may decide to join the party if native athletes start to pick up gold. After winning five World Cup races so far this season, slalom specialist Giorgio Rocca could fill the giant boots of legendary skier Alberto Tomba. Carolina Kostner gives Italy its first real shot at women's figure-skating glory in years. And a strong contingent of cross-country skiers...

Author: /time Magazine | Title: Torino Gets Stoked | 2/4/2006 | See Source »

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