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...boosted easily as a way to fuel the growth of government. The commission will also urge the passage of a constitutional amendment that would require a two-thirds majority of Congress to raise tax rates. And it will recommend the elimination of the inheritance tax and the tax on dividend income...

Author: /time Magazine | Title: SECRETS OF THE KEMP COMMISSION | 1/8/1996 | See Source »

Eaton was in New York when he got news of the bid in a phone call from Kerkorian. To placate Kerkorian, he had already agreed in November to raise Chrysler's dividend and start a $1 billion stock-buyback program to increase the company's share price. But here was a move that left nothing to talk about. "I'm going to fight you on this," he told Kerkorian. Canceling a speech at the New York Auto Show, Eaton flew back to Detroit to huddle with the board. No sale, they announced late that night, especially since Kerkorian was planning...

Author: /time Magazine | Title: THE SUNSHINE BOYS | 4/24/1995 | See Source »

...unsolicited offer was disruptive and not in the best interests of shareholders. In today's trading, Chrysler's stock was down half a point to $44 5/8, well below the $55-a-share proposed takeover price. Chrysler also announced that it will use excess cash to increase the dividend or buy back shares, moves that could help shareholders...

Author: /time Magazine | Title: CHRYSLER TAKEOVER BID REJECTED | 4/24/1995 | See Source »

...addicted to sizzle, while TV journalists scoff that print is slow and ponderous. Here at Time Inc., however, detente has been declared, thanks largely to Joe Quinlan and George Kindel, executive producer and senior producer of The News Exchange, the company's TV-production unit. Our most recent peace dividend can be seen on April 5, when the Discovery Channel will air CyberSpace, a one-hour special filmed in collaboration with the TIME journalists who prepared the cyberspace issue published in mid-March. "There's no way we could take TIME's reporting and condense it onto an hour," says...

Author: /time Magazine | Title: To Our Readers, Apr. 3, 1995 | 4/3/1995 | See Source »

...restrictions regarding foreign arms sales, the U.S. should seek more vigilantly to reduce these sales. An agreement with the Russians to jointly curtail military exports would also be an extremely effective method of harnessing the world arms trade. The Cold War is over, and Americans should reap a peace dividend. Instead of exploiting new markets, our military contractors need to stop mortgaging future world peace and convert more of their output to civilian goods...

Author: By David W. Brown, | Title: An Ominous Arms Trade | 1/4/1995 | See Source »

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