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Hubbard had been pushing the dividend idea for months, but Bush's imagination was captured by Charles Schwab, leader of the eponymous brokerage firm. Schwab suggested the maneuver to Bush at the economic summit that the President convened in Waco, Texas, last August. Bush bit like a hungry bass. Throughout the fall, the number crunchers at Treasury massaged the numbers on all the different elements of the plan, running different options by scores of outside economists. Bush did not seriously consider a payroll-tax reduction, which some economists argue is fairer and would provide the most immediate tax relief...

Author: /time Magazine | Title: Get Ready For Class Warfare | 1/20/2003 | See Source »

Teaming up with MTV’s Rock the Vote. Holding a summit for student leaders. Staging a march on Washington to address student political concerns. All of these proposals were thrown out last week in an Institute of Politics (IOP) brainstorming session. IOP officials have said they would like to start several national projects in order to reach more young adults across the country. Though these intentions are laudable, the IOP should first focus on enriching its Harvard offerings and addressing its existing shortcomings...

Author: By The CRIMSON Staff, | Title: Lead by Example at Home | 1/17/2003 | See Source »

Still, Kim likes his fun. A big drinker, he was observed during his summit with Kim Dae Jung knocking back 10 glasses of wine. Former bodyguard Lee Young Kuk says that at one of Kim's luxurious palaces on the sea, his boss would tool around on a body board in a vast swimming pool equipped with a wave machine, while a female doctor and a pretty nurse swam behind. Kim has been reported to have three wives but maintains a reputation for womanizing. In a recent tell-all book, Russian security agent Konstantin Pulikovsky, who accompanied...

Author: /time Magazine | Title: Star of His Own Show | 1/13/2003 | See Source »

...London's Brixton neighborhood, community leaders voiced grief and rage over the Jan. 2 murder of two black teenage girls in Birmingham. "The horrendous barbarity of this crime ... left me feeling quite sick," said chairman Lee Jasper, a race-relations adviser to London Mayor Ken Livingstone. At a Whitehall summit called by Home Secretary David Blunkett, politicians, bureaucrats and police officers expressed grave concern over the latest crime statistics. That both meetings, which took place last week, were about gun crimes is a rude shock for many Britons, shaking their smug self-image as a relatively gun-free society...

Author: /time Magazine | Title: Bullets over Britain | 1/12/2003 | See Source »

...also considering organizing a conference with college students from across the country or a national summit of young political leaders. At last night’s meeting, one student even suggested a national march on Washington to demand youth issues be addressed...

Author: By Faryl Ury, CRIMSON STAFF WRITER | Title: IOP Fancies National Focus | 1/10/2003 | See Source »

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