Word: bosworth
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...sure as the Sooners seemed of their own virtue, they must have had a few inklings of mischief. In the pages of his memoirs, flamboyant linebacker Brian Bosworth, class of '86, is pictured astride a white Corvette above a caption that reads, "Here I am at my $100-per-half-day college job watching an oil rig go up and down . . . and no heavy lifting." A more recent alumnus, Philadelphia Eagles rookie Keith Jackson, thought he was defending the program when he testified, "If a guy, an alumni, comes to you and offers you money, you're going to take...
...drugs not only in Olympic competition but in professional sports. It was only recently that Lawrence Taylor of the New York Giants admitted he was addicted to cocaine, that over a year ago the New York Mets' Dwight Gooden entered rehabilitation for a drug problem, that Brian Bosworth was ineligible to play for Oklahoma in the 1987 Orange Bowl because he tested positive for steroids. Even entire teams, the Pheonix Suns, for example, have been the subject of drug-related investigations...
Joblessness is at its lowest level since 1974. The Labor Department reported last week that the unemployment rate dropped to 5.3% in June, down from 5.6% the previous month. Barry Bosworth, an economist at the Brookings Institution, thinks the jobless level is approaching the threshold at which it begins to spur wage and price increases. Says he: "I like an unemployment rate of 5.3%, but if it goes below 5%, then I would be concerned." Yet other economists think the work force can readily accommodate the scattered shortages. Says Beryl Sprinkel, chairman of the President's Council of Economic Advisers...
...reserve fund, which boosts the country's savings rate. The Canadian government lends its pension cushion to provinces to support schools and build roads, and Sweden's fund is used to finance mortgages and pay off debt. Lending the money can be a good idea, says Barry Bosworth, a senior fellow at the Brookings Institution, "if the loan goes to develop capital growth and productivity rather than consumption...
...shrink from $150 billion in 1987 to $134 billion in 1993. Without Social Security's extra padding, however, lawmakers would be forced to admit an unpleasant reality: the deficit resulting from all other Government programs will actually grow from $170 billion in 1987 to $231 billion in 1993. Says Bosworth: "The basic budget deficit is getting worse, not better." As long as income from Social Security taxes makes the gap look smaller than it really is, Congress may never come to terms with the deficit...