Word: bonanzas
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They're taking off in record numbers, and Europe is the big bonanza...
...standards the summer is a knockout. After four years of slumping sales and stagnating sounds, the pop music industry is once again experiencing a welcome artistic and financial bonanza, one that is making this rock 'n' roll's headiest season of the decade. Says Gil Friesen, president of A&M Records: "People are buying so many albums by new artists, it adds up to a new passion...
...fact, the cap would also affect people who consider themselves middle-income: single taxpayers with annual adjusted gross incomes over $39,000 and families with adjusted gross incomes over $48,000. The truly wealthy already got their bonanza a year ago, when the top rate on unearned income from investments was slashed from 70% to 50%. "If the Democrats succeed," said Marlin Fitzwater, a Treasury Department spokesman, "the real impact would be on the Middle American, because the rich and the poor already have their tax cuts...
During that bonanza, Mexico added $48 billion to its foreign debt, for a total at present of $85.5 billion, and only last summer it tottered on the brink of national bankruptcy. Now, however, the country appears to be making some headway toward dealing with the debt, which is expected to cost $10.5 billion in interest payments this year alone. The new government of President Miguel de la Madrid Hurtado, which was inaugurated in December, has begun an austerity program aimed at slashing Mexico's huge budget deficit, halting unnecessary government spending programs and slowing its virulent, 116% inflation...
...reviews were mixed, but many in the largely youthful audiences have already returned to see the picture a second or third time, giving some indication that Jedi may remain a box-office bonanza for weeks and months to come. "I saw the first two movies only 15 times each," apologized one young man in a Manhattan queue. "But my friend Abby saw them 150 times each. She even sounds like Darth Vader sometimes." However it sounds, such talk fills Hollywood with awe and sets gold chains tinkling with envy up and down Rodeo Drive. If George Lucas does not have...