Word: code
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Dates: during 1980-1989
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...that every Boy Scout must learn, the word "thrifty" comes right before "brave, clean and reverent." Yet when a Scout grows up and runs into the U.S. tax code, he finds that a different law is in effect. Uncle Sam rewards big spenders much more than those who save. If a person earns $1,000 and spends it, that income is taxed only once. But if he saves the $1,000, he generally pays additional taxes on the interest the money earns. The combined impact of taxes and inflation can make saving a money-losing proposition. Borrowing, in contrast...
...billion to revenues in fiscal 1984. Now Congress must turn its attention to raising $73 billion in new taxes over the next three years as mandated by the $859 billion budget resolution passed two weeks ago. Said Senator Dole: "There is a lot of fat in the tax code that ought to be examined and tightened up." But Dole would be the first to agree that to raise $73 billion Congress would have to sew up an awful lot of loopholes...
...Therefore you could be complacent; you could play it safe and not change. All the natural forces in the business pressure you in that direction." But one sign that the pace of the past two years will continue will be the arrival of a home computer, which IBM originally code-named "peanut." This will sell for about $700 and could reach stores in late fall. The machine, fully compatible with the PC, will come with a built-in disc drive and cartridge slot for software. "It will offer the best performance on the market for its price," asserts Clive Smith...
Many of the Watson-instilled codes remain in effect today, though in a softened form. All IBMers are subject to a 32-page code of business ethics. Sample warning from the blue-covered rulebook: "If IBM is about to build a new facility, you must not invest in land or business near the new site...
While IBM's stern dress code has been eased, Opel still follows the old one. His shirts are white oxford cloth and as buttoned down as the man. His ties are impeccable and subdued, his shoes standard-issue corporate cordovans: no buckles, tassels or other frills...