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...would work overtime to get tax breaks for their clients. "Lawyers will tell you that any tax planner can make something look like a start-up," says Princeton University economist Harvey Rosen. At the same time, some studies show that cuts in capital-gains rates have done little to spur investment over the past 20 years. "It is not a major factor in terms of capital formation," notes Susan Wachter, professor of finance at the University of Pennsylvania's Wharton School. So for all their sound and fury, neither the Clinton nor the Tsongas plan would be likely to have...

Author: /time Magazine | Title: May The Best Plan Win | 3/23/1992 | See Source »

VEILED ATTEMPTS to paint Japan as an enemy rather than as a worthy economic competitor might serve to unite and even temporarily spur our country out of its economic malaise. But whether it succeeds or not, such political and economic deception has terrible consequences for Japanese Americans and other minority groups...

Author: By Beong-soo Kim, | Title: Who's Next? | 3/13/1992 | See Source »

Tsongas would start with the basics. The former U.S. senator realizes that a middle-class tax cut will do nothing to increase our competitiveness with foreign powers. It won't create any jobs. And it won't do anything to spur an economic recovery...

Author: By Lori E. Smith, | Title: Choose Tsongas | 3/10/1992 | See Source »

Boredom and fanatical politics spur some to take up a pen. But often graffiti is a way to say something of which one might otherwisebe ashamed...

Author: By Maya E. Fischhoff, | Title: SCRAWLING GRAFFITI | 2/29/1992 | See Source »

...communism without Nicolae Ceausescu, the dictator executed in 1989. Not much has changed for the better in this benighted land. The government has passed some privatization laws, but quasi-communists within the ruling National Salvation Front have blocked any deeper reform. The moves so far have served mainly to spur inflation and unemployment without easing the severe shortages of all consumer goods, including food. Bulgaria at least has enough to eat, thanks largely to the fertility of its soil and the skill of its farmers. It has also made some progress toward political freedom: incumbent President Zhelyu Zhelev, chosen...

Author: /time Magazine | Title: Eastern Europe: The Shock of Reform | 2/17/1992 | See Source »

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