Word: coverer
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Dates: during 1980-1989
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...does it cover long-term home care -- a gap that Claude Pepper, the 87- year-old champion of the elderly, tried to fill with his complementary bill. At $4.5 billion by 1990, the Pepper proposal appealed more to the heart than to reason. "This is a day for which I've waited and worked and I might say prayed for 50 years," Pepper declared in an impassioned plea to his colleagues on the day of the vote. "Think about the human values...
Congress was more inclined to think about the cost, which Pepper proposed to cover by lifting the $45,000 cap on income subject to the 1.45% Medicare payroll tax. Projections showed that this tax hike would cost $9 billion by 1993, a prospect that brought out thousands of small businesses and the U.S. Chamber of Commerce in opposition. They were joined by the health-insurance industry, looking to protect its lucrative stake in private medigap insurance...
...fast-breaking news. So I am gratified to report that TIME's coverage of Black Monday has earned a John Hancock Award for Excellence, one of the most respected U.S. prizes for business and financial journalism. The citation lauded "The Crash," our Nov. 2, 1987, package of cover stories, for examining "why the crash occurred, where the financial markets were headed and implications of the decline for both the global economy and individual consumers." Economy & Business Editor Charles Alexander coordinated TIME's 24-page section with the assistance of more than 55 staff members. "This was truly team journalism," says...
...value prizes partly because they make up for the lost sleep and extra effort it takes to stay at the cutting edge of journalism, but also as evidence of the unique quality we put between our covers. The Hancock Award is one of 46 prizes TIME has won this year. The July 27, 1987, cover story, "The Gorbachev Era," earned the Overseas Press Club's Hallie and Whit Burnett Award as the best general magazine story on foreign affairs. "Air Travel -- How Safe Is It?" (Jan. 12, 1987) picked up an Award of Excellence from the Aviation-Space Writers Association...
...Says Picture Editor Michele Stephenson: "The awards are special because they recognize photographs across the spectrum of subjects, illustrating famine, homeless people, war, science, personalities, politics." An image honored in both contests, taken by Staff Photographer William Campbell, depicted an Ethiopian woman cradling her starving child. It was the cover of our Dec. 21, 1987, issue...