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...this effort is expected to start paying off within two years. The club is talking with such Western firms as Seagram's, McDonald's and Pepsi about crucial sponsorship deals. It is also looking to sell Penguin paraphernalia abroad in hopes of winning a chunk of the $800 million N.H.L. merchandise business...

Author: /time Magazine | Title: Importing the Glitz | 12/20/1993 | See Source »

...fixation of budget cutters on entitlements reflects the Willie Sutton rule of fiscal politics -- that's where the money is. Guaranteed-benefit programs currently eat up 49% of the federal budget, a whopping $738 billion. The largest chunk is Social Security ($319 billion), but entitlements also include Medicare, Medicaid, veterans' benefits, government pensions, unemployment insurance and farm subsidies. Only one-sixth of this money goes to Americans below the poverty line. A significant fraction of government benefit checks are cashed by the comfortably middle class. The Progressive Policy Institute estimates that families with taxable incomes above $50,000 receive...

Author: /time Magazine | Title: Their Turn to Pay? | 12/20/1993 | See Source »

...newly crowned three kings of the American road intend to steer Detroit in the right direction. "For guys who love cars," says Glenn Gardner, the engineer who launched Chrysler's first platform team, "there's nothing greater than seeing the first cars come off the line, chunk, chunk, chunk, and be letter-perfect." Gardner blows a little victory kiss in the air. Chunk...

Author: /time Magazine | Title: Autos: Back on the Fast Track | 12/13/1993 | See Source »

China, on the other hand, stands alone. It is monolithic, but lacks leverage in any part of the world except its own formidable chunk. And while China does value international influence, it has no evangelistic mission propelled by the figures of Lenin and Marx...

Author: By Daniel Altman, | Title: The Rise of a Superpower | 11/15/1993 | See Source »

...took the second step last week, it barely toddled forward. At a press conference, Clinton outlined what he said was an additional $30 billion in budget trims over the next five years, an estimate that Administration experts quickly admitted might be too large by half. Either way, a good chunk of the savings -- about $10 billion -- would be achieved through Vice President Al Gore's plans for "reinventing government" and reducing its cost. Gingerly picking through programs like the much ridiculed support payments for mohair-goat herders would yield an additional $1 or $2 billion...

Author: /time Magazine | Title: Remember the Deficit? | 11/8/1993 | See Source »

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