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...venture back onto politically uncertain ground tonight with a vote to slash taxes over the next five years by $85 billion and tie the knot on the plan to balance the budget for the first time in 30 years. Under the Republican-proposed measure, Congress would tighten its tax belt by offering American families a $500 per child tax credit, across-the-board reductions in capital gains and estate taxes and a $10,000 deduction for education expenses paid through special investment accounts. House Democrats contend the bill is a classic Republican sell-out to the rich, while falling...

Author: /time Magazine | Title: Let the Good Times Roll | 6/26/1997 | See Source »

Gates and Roberts arrived at this intersection from different directions. Gates dropped out of Harvard and built his mammoth software firm from his innate programming skills. Roberts, a Wharton graduate and the son of a Philadelphia belt manufacturer turned cable entrepreneur, learned his business at his father's side. Ralph Roberts left the belt business in 1962, fearing that beltless trousers would render his product useless. Brian stepped into the president's shoes...

Author: /time Magazine | Title: BILL GATES' PIPE DREAM | 6/23/1997 | See Source »

...While executions are being abolished in most parts of the planet--exceptions include Iran, Iraq, China, Yemen and some former Soviet states--Americans seem to want more of them, with fewer appeals and delays. Thanks to Congress and the courts, they're getting their wish--especially in the "Death Belt" states of Texas, Virginia, Florida, Missouri, Louisiana, Georgia, Arkansas and Alabama, which together account for 78% of the executions America has seen since the Supreme Court reinstated the death penalty...

Author: /time Magazine | Title: CRIME AND PUNISHMENT: DEATH OR LIFE? | 6/16/1997 | See Source »

...target to satisfy the Maastricht criteria, including the key requirement that budget deficits not exceed 3% of the gross domestic product by the end of this year. That accomplishment would be due to the spadework of Chirac and Juppe, who have already done much of the hard work of belt tightening, downsizing and preparing to privatize unprofitable state industries. But their efforts to tackle more structural reforms like deregulation, labor- market flexibility and trimming back the welfare state have met with stubborn public resistance...

Author: /time Magazine | Title: A NEW FRENCH TWIST | 6/16/1997 | See Source »

With the Ivy League Player of the Year returning, a full arsenal of young guns and a year of playoff experience under its belt, Harvard is indubitably the team to beat in 1998.CrimsonAshley S. MarynickSophomore PHOTO WOODFORK vs. Cornell, April...

Author: By Jamal K. Greene, | Title: Giant Killers | 6/5/1997 | See Source »

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