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...Congress promptly funded IRS computer modernization. Before, the IRS had had a plan and no money; now it had money and no plan. No matter. It initiated a flood of programs (a state-of-the-art computer was necessary just to keep track of all the acronyms--ACI, AES, ALSS, AUR, FAISR, ICS, IMS). But each system was designed independently to meet specific needs within the empire. All systems would be go by the year 2001, the agency blandly assured Congress. With all the requests and funding, the final price tag for what ultimately became known as the Tax Systems...

Author: /time Magazine | Title: AN OVERTAXED IRS | 4/7/1997 | See Source »

...that folks are motivated by desire and ease, rather than self-improvement or showiness, when it comes to the private act of actually turning the pages. Hence, a formula that indicates what percentage of books sold are really read. The Fully Read Index , (FRI) equals the Author Comfort Index (ACI) times the Simple Prose Coefficient...

Author: /time Magazine | Title: Books: No, But I Bought the Book | 4/2/1990 | See Source »

Hawking, with an ACI of 1 and an SPC of 3, gets an FRI of 3; of every 100 people who bought A Brief History of Time, three finished it. Rushdie (ACI 1 X SPC 2) weighs in at a solid 2%. In the middle range, John le Carre has a fairly high ACI (8), thanks to his 25 years of best-sellerdom, along with a demanding style ameliorated somewhat by the propulsions of suspense (SPC 6). His FRI of 48% means that of the 530,280 copies of The Russia House sold, 254,534.4 consumers finished...

Author: /time Magazine | Title: Books: No, But I Bought the Book | 4/2/1990 | See Source »

True to its own dictates. Which and Famous marks another successful theatrical. Unburdened by any moral weight it displays the buoyancy of the very sinful--and the very entertaining Meanwhile the closing aci bubbles on in a room full of the very drunk, the very dressed, the very Harvard...

Author: By Holly A. Idelson, | Title: Taking in a Show--Or Two | 2/20/1985 | See Source »

...Paris Bourse did even better; stock prices were up an average 58% in the past year. Chief reason: peace in Indo-China, which not only helped give a boost to such peace stocks as autos (up 112%) but also brought about repatriation of big French investments in Indo-China. Aciéries de Longwy (steel) jumped from $38 a share to $73; Suez Canal shares rose nearly 50% to $350. Most spectacular gain: Esso Standard of France, which soared almost 1,000% following the discovery of oil near Bordeaux (TIME, Sept...

Author: /time Magazine | Title: BUSINESS ABROAD: Brother Bulls | 1/24/1955 | See Source »

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