Word: a-year
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...earlier bipartisan commission on Social Security did send Clinton a plan for some long-range reforms in that system; he ignored it. Meanwhile, the President has been proposing what would amount to an entitlement to two years of college education, to be financed by a $1,500-a-year tuition tax credit. The cost would be modest--an estimated $8 billion over six years--and the President has offered specific revenue increases and spending cuts to meet it. All the same, talking up a new entitlement is no way to prepare citizens for the painful future steps that will...
...obvious. Esther revels in her proximity to the King. She is one of the shrewdest and most political women in the Bible. But what has Elizabeth Dole risked compared with Esther? What has this two-time Cabinet Secretary, this former high-level White House aide, this $200,000-a-year president of the American Red Cross, this potential First Lady, sacrificed in her own life...
Still, the evidence of recovery is at best mixed. One prominent Japanese economist, Johsen Takahashi of the Mitsubishi Research Institute, remains a bear. He does not believe the economy can grow at the 1.75%-a-year rate the government predicts as a minimum for the rest of the decade; but even if it did, that would set average growth for the whole decade at just 1.5%. "We are at a crossroads," says Takahashi. "If we reform through measures like deregulation, we might end up with something like the American economy. But if we don't, we could go the route...
...House ethics committee, which has been investigating the finances of Speaker Newt Gingrich, proposed altering the chamber's rules to bring book royalties under the $20,040-a-year limit on members' outside income. The G.O.P. leadership wants the change vetted in hearings, which will give Gingrich more time to collect possible multimillion-dollar revenues from his 1995 book To Renew America...
...Scheiber made her fortune is as fascinating as why she gave it away. By the time she retired from a $3,150-a-year auditor's job at the Internal Revenue Service in 1943, she was already investing her $5,000 savings account in a stock portfolio. During her career reviewing other people's assets, she had noticed that most who left substantial estates had accumulated their money through common stocks. So Scheiber, who had earned a law degree and passed the Washington bar exam before joining the irs, studied the stock markets with the same precision that...