Word: contrastes
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Both the House committee and the Administration expect their reform plans to remove some 6 million people from the tax rolls. A husband and wife with two children would pay no taxes if they earned less than $13,100 in 1987, in contrast to $9,575 currently. The Ways and Means proposal would accomplish this partly by increasing the personal exemption from $1,080 to $2,000 for short-form filers...
American bankers were eager to do business with the Soviets because they have a reputation for making debt payments promptly, in contrast to shaky Latin American borrowers. The financiers offered Moscow an unusually good deal. Interest payments will be only one-quarter of a percentage point more than the London Interbank Offered Rate, an international benchmark that currently stands at 8.125%. The bankers are confident that they will not be criticized for giving the Soviets favorable terms. Reason: financially strapped U.S. farmers are in desperate need of boosting their grain sales to Moscow...
...this sparkling café, with its black lacquer and mirror trim, a meal may include samplings of tiny clams in a garlicky tomato broth, tagliatelle in a meat and porcini sauce, chunks of snowy fish steamed with vegetables, duck breast rolled around a pureed olive "caviar." It is in relaxed contrast to Owner Piero Selvaggio's pricey, well-established Valentino...
...outweighed the importance of any changes he had made in Soviet foreign or domestic policy. Indeed, though Gorbachev, like Deng, has made pepping up his country's economy and improving the material lives of its citizens his top priority, the caution of Gorbachev's opening moves only highlights by contrast the far more radical and fundamental nature of the reforms Deng has already carried out in China. Says Richard Holbrooke, who was U.S. Assistant Secretary of State for East Asian Affairs when Washington restored full diplomatic relations with China in 1979: "There is no other leader in the world...
...somewhat stumbling and chaotic start. State bankers at the end of 1984 overused their new authority and went on such a wild lending spree that the People's Bank of China, the country's central bank, had to tell them to stop. Factory bosses, in contrast, widely complain that they are still waiting for confirmation from local party and government officials that they can begin exercising the new freedoms they supposedly were granted at the start of 1985. For the first time, Deng is proposing to crimp seriously the powers and privileges of tens of thousands of national, provincial...