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WASHINGTON, D.C.: Flush with a sudden $200 billion windfall, the Clinton Administration and Republican Congressional leaders agreed on a plan to balance the budget by the year 2002. The deal includes a net $85 billion in tax cuts over five years and could result in the first U.S. balanced budget in three decades. Negotiations went into hyperdrive on news that an unexpectedly strong economy had produced an additional $200 billion in revenues. TIME's Jay Carney says that the added money should bring many Democrats on board because it will allow deficit reduction while maintaining a level of funding...

Author: /time Magazine | Title: It's a Deal | 5/2/1997 | See Source »

...contemplate the impact all that random violence--wrapped up neatly in a southern Florida package and sealed with the official state police stamp of approval--had on me in my cozy home in upstate New York. Why was I suddenly checking the window locks and drawing the curtains flush with window frames? Why did the rustling of trees against the back door make me stand at attention? Is this the response shows like "Cops" really hope to elicit out here in sleepy TV land...

Author: By Molly Hennessy-fiske, | Title: Do the Police Need to Advertise Too? | 4/4/1997 | See Source »

...main problem with airlines is prosperity. The carriers find themselves flush with cash, a condition they rather like. The profits are rolling in now because of a gritty, singleminded and profoundly painful campaign of cost cutting over the past five years, in which airlines have done everything from "outsourcing" (i.e., contracting out to other firms) plane cleaning and baggage handling, to whacking travel agents' commissions, to laying off ticket agents, middle managers and mechanics, to shrinking passenger seats and eliminating meals...

Author: /time Magazine | Title: FLYING INTO TROUBLE | 2/24/1997 | See Source »

There is still a long way to go, both in the quest for an effective treatment and in the search for a way to prevent infection in the first place. In the flush of the new optimism, some scientists are more hopeful about the prospects for gene therapy, which could possibly make the immune system impervious to HIV attack. Another promising line of research centers on a group of molecules called chemokines, which may one day be used to shield cells from HIV. Other scientists, including Ho, are intensifying their search for a vaccine. Two weeks ago, the nih increased...

Author: /time Magazine | Title: DR. DAVID HO: THE DISEASE DETECTIVE | 12/30/1996 | See Source »

...these numbers seem staggering, well, that's because they are. While Wall Street is flush with 50%-plus pay hikes, pay raises for the Main Street crowd--the rest of us--have been on a six-year decline. In 1990, raises averaged 5.5%; next year they will hit only about 4.3%. The U.S. median income of $34,076 wouldn't cover the tax bill of this year's investment banker. "Wall Street is totally out of context with general industry," says Johnson. "The average person is worried about the increase in the cost of living, and Wall Street is taking...

Author: /time Magazine | Title: BULL BONUS BONANZA | 12/30/1996 | See Source »

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