the assassination of former Con- gress (I) Party Prime Minister Rajiv Gandhi in the midst of the nation's parliamentary elections. Yet Rao's government has acted with stunning boldness to deal with India's accumulated economic woes.
"[Tlhe pace of reforms has been breath- taking," the Economist (Mar. 7-13, 1992) reports. "The Rao government has slashed red tape, liberalized trade, made exports attractive through devaluation, wooed for- eign investment, loosened interest rates and...
John Lukacs, in The American Scholar (Winter 1992), 1811 Q St.Of Nationalism? N.w., Washington, D.C. 20009.
We are living at the end of an era domi-
u
nated the clash of two great ideas-not democracy and communism, but national- ism and socialism. That is the unorthodox view of Lukacs, the noted Chestnut Hill College historian. The implications for American politics, he suggests, are likely to be profound.
American political terminology-con- servative and liberal, Right and Left-is borrowed...
Frank M. Coffin, in The Brookings Review (Winter 1992), 1775 Mass. Ave. N.W., Washington, D.C. 20036.
Over the past three decades, the burden on the federal court system has grown enor- mously. The caseload has tripled in federal district courts and increased tenfold in the courts of appeals. And there is no end in sight, notes Senior U.S. Circuit Judge Cof- fin, given the "unceasing flow of federal statutes and entitlements, resulting in in- exorably increasing federal litigation." H...
Frank M. Coffin, in The Brookings Review (Winter 1992), 1775 Mass. Ave. N.W., Washington, D.C. 20036.
Over the past three decades, the burden on the federal court system has grown enor- mously. The caseload has tripled in federal district courts and increased tenfold in the courts of appeals. And there is no end in sight, notes Senior U.S. Circuit Judge Cof- fin, given the "unceasing flow of federal statutes and entitlements, resulting in in- exorably increasing federal litigation." H...
IODICALS
now return to isolationism, or, as the lone remaining superpower, should it take the lead in creating and enforcing the rules for a new world order? Should the United States now pursue only its own narrow in- terests as a nation, strive to promote de- mocracy around the globe, or try to do whatever needs to be done in the world, with little thought for its own selfish inter- ests? Casting a skeptical eye on the whole "disappointing" debate, Foreign Affairs edi-tor Hyland contends...
the spring of 1966, nearly 50,000 Chinese soldiers were in North Vietnam, although Beijing did not officially acknowledge their presence. Some Chinese People's Liberation Army anti-aircraft units actively engaged U.S. air- craft in combat.
"Most probably," Garver writes, "Chi- na's policy toward the Vietnam War was not governed hard and fast principles, but evolved in response to U.S. actions and other international developments." Never- theless, during the critical mid-1960s...
.*
PERIODICALS
Persona! Saving The Real Estate Effect
AS Percent Of Income
20
1 Adjusted
/ 1
0
I I I
I 1
I
I
I
1950
1960
1970
1980
1985
Source: U.S. Bureau of Economic Analysis
Official statistics show an alarming decline in personal saving since the early 1970s. But mak- ing an adjustment for rising returns to horne- owners produces a different story.
their nest eggs thus...
the wayside in keeping up with its demands." Each year, one-third of all U.S. employers are penalized in con- nection with the payroll tax deposit rules, which are so complicated that even Inter- nal Revenue Service officials apparently don't understand them. The GAO found that 44 percent of the penalties meted out under those rules were wrongly imposed.
Surely, however, simply raising taxes a little should not increase the system's costs. But Payne contends that not only do the economic-disincentive...
Thomas Sowell, in Society (Nov.-Dec. 1991), Rutgers-The State Univ., New Diversity' Means Brunswick, N.J. 08903.
"Cultural diversity" is frequently invoked today as a shining ideal. Some of its cru- sading advocates, notes Sowell, a Senior Fellow at the Hoover Institution on War, Revolution, and Peace, "seem to want to preserve cultures in their purity, almost like butterflies. . . in amber." That. he points out, is not the way in which, over the centuries, cultures and civilizations a...
Thomas Sowell, in Society (Nov.-Dec. 1991), Rutgers-The State Univ., New Diversity' Means Brunswick, N.J. 08903.
"Cultural diversity" is frequently invoked today as a shining ideal. Some of its cru- sading advocates, notes Sowell, a Senior Fellow at the Hoover Institution on War, Revolution, and Peace, "seem to want to preserve cultures in their purity, almost like butterflies. . . in amber." That. he points out, is not the way in which, over the centuries, cultures and civilizations a...