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...they say goodbye before separately committing suicide. For a writer to pull this off utterly without mawkishness is astonishing. And jolting; what's common among mannerly short-story writers is to leave the reader, in a muted last paragraph, with a carefully polished pebble of irony. Jones leaves a chunk of primal matter, painful to hold, thrown up from volcanic depths...

Author: /time Magazine | Title: BOOKS: PRIMAL MATTER | 6/19/1995 | See Source »

...will pay $235 billion in interest, an amount that exceeds its deficit of $176 billion. Without further deficit reduction, the Congressional Budget Office estimates, annual interest payments by 2002 would balloon to $334 billion -- money that goes to bondholders such as Ross Perot, who in 1992 reported that a chunk of his then $3.3 billion fortune was invested in low-risk government securities. Interest is one of the items targeted for massive cuts under G.O.P. budget plans -- $155 billion under Senator Pete Domenici's proposal. Moreover, the cbo states, mere passage of a credible balanced-budget plan could lead...

Author: /time Magazine | Title: BEYOND THE PAIN, A REVIVAL OF THE AMERICAN DREAM | 5/22/1995 | See Source »

...work 14-hour days and eating Chinese takeout from cartons. Wall Street has a lot of tradition, just like baseball used to, before they canceled the season. One of the longest-standing traditions is that if you make money for the firm, you get to keep a huge chunk of the profits yourself, but if you lose money for the firm, the firm covers the losses. For instance, Salomon Brothers lost $399 million last year, the banking version of finishing in the cellar, yet not a single banker or trader offered to help Salomon by reaching into...

Author: /time Magazine | Title: WALL STREET'S BONUS BABIES | 5/22/1995 | See Source »

...club for additional staff, parents gave only $5,000 to the PTA, which can't subsidize salaries and must turn over 20% of its revenues to a citywide fund for disadvantaged students. "Some parents become very hostile about how hard we work, and then have to turn over a chunk of it downtown," says PTA president Krieger...

Author: /time Magazine | Title: BEYOND BAKE SALES | 4/24/1995 | See Source »

...poor to owe income tax and is intended to make work more attractive than welfare. The credit, however, has been susceptible to fraud. In order to catch the cheats, the irs has also punished honest taxpayers. Low-income workers for whom the earned-income refund is the biggest chunk of cash they see all year have been waiting eight to 12 weeks or longer. Emma Mejia, 48, a single mother of two, has been waiting for her $2,528 refund since the first week of February -- and has lost her job washing laundry in a Chicago-area nursing home...

Author: /time Magazine | Title: THE POINT OF NO RETURN | 4/17/1995 | See Source »

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