Word: agee
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Dates: during 1930-1939
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...flaw critics have pointed out in the Act is its scheme for a full reserve for old-age insurance to be built up during a long period while revenues from taxes on employers and employes exceed disbursements. By 1980 this vast coalbin is scheduled to hold a reserve of $47,000,000,000. The effect of locking up $47,000,000,000 of public purchasing power would be highly deflationary. Actually, the money is not being locked up but lent to the Government. This means that by 1980 the Government will owe the Social Security Reserve 21% more than...
...suggested for study: 1) a specific old-age-insurance trust fund with designated trustees for all receipts (now paid into the general Treasury fund); 2) reorganizing the fund from a full reserve into a "reasonable contingency fund," with the Government paying in direct subsidies to balance the increasing benefits paid...
...social opening gathered a full quota of German artistic exiles remembering the days of their youth. Among the 700-odd items assembled and installed by old Bauhausler Herbert Bayer were photographs of their first, free, jazz age capers as Bauhaus students in Weimar in the early '20s. About the only exhibits that seemed thoroughly dated were these and an elaborate peep show of ballet figures by Oskar Schlemmer, heavily fantastic, machine-obsessed, dusty and dull...
These findings, published in eight newspapers, aroused Crowell Publishing Co. (Collier's) to deny publicly any connection with the study, deny its attributed audience of 15,900,000, declare such figures "unsound and confusing." Advertising Age, admen's newspaper, reported a long background of discussions toward a cooperative study by advertising agencies and leading magazine publishers to measure "the limits of magazine audiences, thus giving advertisers a readership potential comparable with the number of radio sets," hazarded a guess that publication of LIFE's first findings might accelerate this cooperative project...
Until March 1, applications will be coming in from all parts of the country. While there are no actual stipulations as to age or formal education, all applicants are expected to have spent at least three years in journalistic work. Recipients of the fellowship awards will be studying during a leave of absence from their papers...