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Well, one wrong thing is that Uncle Steve's 20% fee gets a huge tax break. It is considered a capital gain rather than ordinary income, so it is taxed at 15% rather than 35%. There is no conceivable justification for this loophole. No one who benefits from it could possibly need the money. Why hasn't some private-equity billionaire taken this up as a cause, the way Bill Gates' father has taken up preserving the estate tax? What about Pete Peterson--a co-founder of Blackstone and longtime Cassandra about the national debt...

Author: /time Magazine | Title: Abracadabra for Sale | 3/22/2007 | See Source »

Prothero may be overly sanguine about the workings of the U.S. court system. But even if he's wrong, this shouldn't stop schools from making some effort to teach the Bible. The study doesn't have to be mandatory. In a national school system overscheduled with basic skills, other topics such as history and literature deserve core status more than Scripture--provided that these classes address it themselves, where appropriate. But if an elective is offered, it should be twinned mandatorily with a world religions course, even if that would mean just a semester of each. Within that period...

Author: /time Magazine | Title: The Case for Teaching The Bible | 3/22/2007 | See Source »

...fine. But the business lesson is that trying to find new viewers--in the face of generational change, technological rivals and changing work and family schedules--to replace dying ones is pointless. TV-news analyst Andrew Tyndall, publisher of the Tyndall Report website, told me, "It's the wrong idea to think you can grow the overall audience on broadcast television...

Author: /time Magazine | Title: Here's the News: Old Is In | 3/22/2007 | See Source »

...handsome, charismatic young star is bored with his marriage and worried about his legacy. He distracts himself by bedding young lovelies, throwing extravagant parties and hanging out with friends who keep him out of trouble--at least until the wrong girl comes along. If this sounds like an upcoming episode of Entourage, then adjust your cultural references back about 500 years and add some tights. The young celeb: Henry VIII. The first wife: Catherine of Aragon. The friends: Cardinal Wolsey and Sir Thomas More. The temptress: Anne Boleyn. Sound familiar...

Author: /time Magazine | Title: When Royals Become Rock Stars | 3/22/2007 | See Source »

...We’re going in with a fresh perspective and we’ll have a full week of spring training coming up, so we’re all going in with high expectations.” As for the heavyweights, last season was historic for all the wrong reasons—the squad failed to make the NCAA Championships for the first time in nine years. But that team was young. This team is more experienced. As seen in placing sixth in the top 40 at Crash B Sprints over the winter, the team is succeeding...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: W. Crew Opens With Hoyas | 3/22/2007 | See Source »

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