Word: ageing
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Dates: during 1930-1939
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Social Security having paid out only $11,000,000 on old-age benefits (to Dec. 31 last) is rapidly piling up a huge reserve. By 1980, as the act now reads, the reserve would amount to $47,000,000,000 (about seven times the amount of money now circulating...
Since 1935 the U. S. people have acted like a man who saves for his old age, borrows from his savings to meet current expenses, and fills his hope chest with notes payable by himself to himself. Up to the first of this year, they had laid by $1,131,000,000 in Social Security's old age reserve fund which invested it in the people's own promises to pay (U. S. bonds and Treasury notes...
Since he did not propose increasing at once the amounts paid out for old age benefits, Mr. Morgenthau had to take the one other method of keeping the reserve fund down. Granting that payroll taxes might be slowing Recovery, he proposed either to reduce the rate of increase in old-age levies (scheduled to rise next January from 1% to 1½% on employers and employes), or to postpone any increase at all until 1943. That seemed just as pleasing to Congress, just as appeasing to business, as correcting a bad boner in the Social Security...
...testament of beauty, and only Helen Hayes can challenge her as Broadway's First Lady. Having achieved her own producing company, having played Juliet-ultimate role of all English-speaking actresses-Actress Cornell offers this week, at 41, what is usually the swan song of distinguished old age: an autobiography...
...dislikes to which Actress Cornell owns up is a dislike for the star system. It delighted her to exchange "Katharine Cornell in-" for "Katharine Cornell Presents." All the same, after Katharine Cornell came brilliantly of age, at the end of 1924, with Candida, she reveled in mediocre plays (The Green Hat, The Age of Innocence, Dishonored Lady) with fat, showy star parts. She complains that as the heroine of the vastly overrated The Barretts of Wimpole Street she did nothing but "feed" the rest of the cast-but as Elizabeth Barrett, in one of the longest parts ever written...