Word: cola
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Dates: during 1980-1989
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...million-member American Association of Retired Persons (A.A.R.P.) vehemently denounced provisions requiring a six-month delay in cost of living adjustments (COLA) for benefits and accelerating payroll tax hikes through 1990. A.A.R.P. is especially outraged by a requirement that, starting in 1984, will impose taxes on half of the benefits of individuals with annual incomes above $20,000 and couples above...
...contrast, the 4 million-member National Council of Senior Citizens and the 5,000-member National Council on the Aging, while objecting to the COLA delay, were relieved that the basic principles of Social Security had been preserved. Said one senior-citizen spokesman: "When you get legislators and White House leaders recognizing the kind of commitments the Government has made under Social Security, you don't want to upset that...
Many of those cookies may be washed down with P & G soft drinks. In 1980 the Cincinnati company bought the firm that makes Orange Crush and Hires Root Beer, and some industry watchers predicted that it was only a matter of time before P & G came out with a cola drink. Reason: colas account for about 62% of all soft-drink sales, and the conventional wisdom is that a company without a cola cannot make big money in soda...
...already begun scouting the cola business. Late last year it announced a deal to buy Coca-Cola Bottling Mideast Inc., an independent company that bottles Coke and other soft drinks in several Kentucky cities. That plan upset executives at Coca-Cola Co. in Atlanta, who fear that P & G will learn the secrets of Coke's success and apply them in selling its own drinks, including perhaps a new cola. Coke quickly got a Georgia state court to issue an order temporarily blocking P & G's purchase, and the case is now before a federal judge in Atlanta...
...legal reasons she could not talk about the opportunity for at least a month. There was speculation, all of it wrong, that she was headed for a top position in a new studio to be formed by CBS Inc., Time Inc.'s Home Box Office and Coca-Cola's Columbia Pictures. Better guesses had her going to or starting an independent production company, where Tinseltown's big money...