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There are exceptions. Political Writer Richard Reeves earns more than $100,000 a year, Diplomatic Expert Tad Szulc makes about $80,000, and Sportswriter Bil Gilbert grosses more than $40,000. But the big moneymakers almost always have some kind of cushion. Reeves has, among other odd jobs, a regular Esquire column that guarantees him $50,000 a year; Szulc does books (twelve to date) as well as magazine work; Gilbert has a contract with SPORTS ILLUSTRATED that places a solid floor under his yearly income. Such props are essential. Says Literary Agent Scott Meredith: "There are no writers left...
...more basic reason for the dollar's plunge is a deepening quarrel between the U.S. and its trading partners, West Germany and Japan, over what to do about the soaring U.S. trade deficit. By year's end the deficit is expected to total a stunning $27 bil lion, nearly five times last year's figure. Both Japan and West Germany maintain that the deficit is the result of wanton U.S. consumption of imported oil and that Washington must adopt an energy program that reduces U.S. de pendence on OPEC. The Carter Administration argues that it is doing...
...first six months to 17,000 in the six months following the Soweto riots. Citing "unfavorable political developments in southern Africa," the government of Prime Minister John Vorster last month an nounced a tough new budget, with $640 million in new taxes (out of $8.9 bil lion) and record-breaking defense costs. A White Paper on defense, issued during the current session of parliament, calls for an expansion of the armed forces, an extension of the draft for white males (from one year to two), and voluntary recruitment of white women and black men. The need, concludes the report...
...million men by about 15,000. The Armed Forces will be able to continue funding expensive weapons programs, but with some stretch-outs and reductions. The budget authorizes the Air Force to spend $597 million on continued development of the supersonic B-1 strategic bomber, plus $1.3 bil lion to buy 96 F-15 fighters (instead of the 108 it wanted). The Navy will get permission to build a fourth huge missile-armed Trident submarine, at a cost of $598.6 million, and to put $725.5 million into developing a new warhead that can maneuver during its flight to avoid anti...
John Dean may have helped expose the Watergate coverup, bul this past summer his Beverly Hills neighbors fell a bil exposed as well. Charging that a second-story room above Dean's garage violated local height restrictions, a group of local residents demanded that it be removed. A case of Peeping John? "Of course not," protests Novelist Gwen Davis, who used lo skinnydip in her nearby pool. "Still, Ihe federal marshals slayed up there," adds Davis, who has since moved. Last week in a Santa Monica court the matter was settled peacefully when the builders of Dean...