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More than a dozen other special-interest bills were barely quashed during the final hours. Among them: an act to exempt the maritime industry from antitrust laws, a reprieve for timber companies that hold $2 billion in unfulfilled federal contracts, an exemption that would allow beer distributors to set up local monopolies and an antitrust waiver for the National Football League. There was even a bill that would exempt Zeke's Floatin' Bait, which is manufactured by a company in La Canada Flintridge, Calif., from a 10% excise tax. Despite Metzenbaum's guard, a few yuletide goodies...

Author: /time Magazine | Title: Expensive Bills | 10/11/1982 | See Source »

When billions of dollars are at stake, even the most reserved of bankers and brokers start chasing after customers. Last week marked the first anniversary of the beginning of the much ballyhooed All Savers program. Thus as some $31 billion worth of the one-year, tax-exempt savings certificates began to come due this month in banks and savings and loan associations around the country, it was no surprise that moneymen were in hot pursuit of all that cash...

Author: /time Magazine | Title: Amid the Money Muddle | 10/11/1982 | See Source »

...many of its best practitioners were once abstract painters, converted in midcareer. Philip Pearlstein, Sidney Tillim, Alfred Leslie, William Bailey: they all came, in one way or another, out of abstract expressionism, making the change not from opportunism-15 or 20 years ago, practically no collectors or museums were exempt from the tyranny of abstract art-but out of a sense of lost engagement with the physical world and a hunger to recomplicate the game. Yet the past leaves its genetic code in the present work. And of no American realist painter is this truer than Neil Welliver...

Author: /time Magazine | Title: Art: Neil Welliver's Cold Light | 10/11/1982 | See Source »

...fronts, and the others loaf around with no sense of responsibility." The mullahs are in the process of enacting draconian legislation against draft dodgers. The new law will demand that all able-bodied men in Iran provide documents proving that they have done their national service or are legally exempt from it. Without such documents, they will not be able to work, do business, get married or even apply for a driver's license. Already, Islamic Guards are asking for the documents on street corners. Those suspected of avoiding military service are being sent to training centers pending further...

Author: /time Magazine | Title: Iran: Revolution Devouring Its Own | 9/27/1982 | See Source »

...ravaged her brain but resulted in a car crash that mangled her body and seriously injured her daughter, it was almost as though some grand, cosmic accountant was exacting from her, in one lump sum, all the dues she never before had to pay. All along she had seemed exempt from the routine pains and troubles that plague the lives of ordinary folk. And then, in one swift and terrifying moment, Princess Grace fell to Earth...

Author: By Charles W. Slack, | Title: Grace's Story | 9/21/1982 | See Source »

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