Word: cola
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Dates: during 1980-1989
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...both men were corrected by Treasury Secretary Donald Regan, who admitted that a 10% cut in the tax rates benefits those in the higher tax brackets more than those in low ones. The most sensitive issue involved delaying or putting a lid on the cost of living allowances (COLA) under various federal retirement programs, most notably Social Security. Both Reagan and O'Neill knew that the COLA issue was a key to any major budget savings, but neither wanted to be the first to raise it in an election year. During the preliminary negotiations, both the Office of Management...
Howard Baker made one final try at compromise. He suggested that a three-month delay in Reagan's 10% tax cut be coupled with a similar delay in granting the 1983 COLA benefits. Reagan's senatorial friend Paul Laxalt argued for the compromise, but the President demurred. Reagan, however, did agree to consider the twin delays as part of a compromise package. Now it was the Democrats' turn to respond. O'Neill leaned toward Boiling and asked, "Dick?" Replied Boiling: "We just can't take that." By Boiling's count, Reagan was offering...
...COOL to be middle-aged. The same generation that 15-odd years ago in its flaming youth stole the stage is now dragging culture-consumers of all ages and sensibilities through its mid-life crisis. The children of Marx and Coca-Cola, as Godafd described them in his wonderful 1966 film Masculin-Feminin, are now the adults of EST and Perrier. And their movies--An Unmarried Woman, The Goodbye Girl, Kramer Versus Kramer, and now Shoot the Moon--are self-centered and, mostly, boring. Television is now catching on, with ABC offering a TV-movie that cashes in on both...
Analysts also wondered what Coca-Cola, which has promised not to interfere with Columbia's management, knows about the entertainment business. Goizueta inists that his firm has already been in that field. Says he: "We felt entertainment made a lot of sense for Coca-Cola for the simple reason that we've been in the entertainment business for almost 100 years. After all, we sell a little moment of pleasure, and that's what entertainment...
...Coca-Cola can test that record in May when Columbia releases Annie. The film version of the Broadway musical cost $40 million to make, and it will have to be a blockbuster to earn a profit. Regardless of how the film fares, however, Columbia and its shareholders now have less need for worry. In the soft-spoken Goizueta, they have found their own Daddy Warbucks...