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...Popov's greatest challenge. Hang gliders weigh only 500 lbs., even if you include the pilot. A small Cessna, on the other hand, weighs more than 1,700 lbs., and a standard parachute big enough to float such a craft safely to the ground would fill up a 50-gal. drum. Not very practical. Undaunted, the BRS engineers figured out how to pack the parachute under pressure in such a way that it takes up no more space than a large briefcase and is mounted over the center of the wings. If the craft's engine conks or another plane...

Author: /time Magazine | Title: A Parachute -- but No Jump Mayday! | 9/20/1993 | See Source »

...County lacked a courthouse that could accommodate the burgeoning stream of lawyers. An old building was converted to a courtroom just to house them. Although a number of corporate defendants have settled with plaintiffs, the site has never been cleaned up; it still contains a residue of 34 million gal. of toxic waste...

Author: /time Magazine | Title: Toxic Dumps: | 9/13/1993 | See Source »

...reduce the deficit about $490 billion over the next five years. While some details remained to be worked out Monday, the big breakthrough came Thursday night when Moynihan and House Ways and Means Committee chairman Dan Rostenkowski agreed to accept the Senate proposal for a 4.3 cents-per-gal. hike in the cost of gasoline. Senators from rural states, led by Montana's Max Baucus, had declared the 4.3 cents hike a ceiling and refused to support anything higher. Though Moynihan floated 6.5 cents and 6 cents alternatives, both failed. White House aides were disappointed, but recognized that the smaller...

Author: /time Magazine | Title: Buddy, Can You Spare a Vote? | 8/9/1993 | See Source »

...with themselves. The party's conferees resolved most differences between the version passed earlier by the two chambers, but ended up fecklessly falling a bit short of the $500 billion deficit-reduction goal set by President Clinton. The key deal: limiting the gas-tax increase to 4.3 cents per gal. -- $33 per year for an average driver -- rather than the larger, broader energy tax that Clinton and the House Democrats had wanted. Republicans are expected to oppose the plan solidly, but Democratic leaders feel they can hold ranks and win narrow passage in the full House and Senate this week...

Author: /time Magazine | Title: News Digest July 25-31 | 8/9/1993 | See Source »

...financial establishment's doomsayers -- the methodology of Clinton's deficit reduction is very much his own. Tax "fairness" (to use the President's word) is real. Nearly 80% of the increases fall on the top 1.2% of taxpayers, a refutation of supply-side theory. The 4.3 cents-per-gal. hike in gasoline taxes can be criticized as a broken promise since it hits the middle class hardest, but given that the typical driver will pay only about $33 more , a year, the burden is hardly staggering. The tax-rate increase on Social Security benefits for the wealthiest recipients (from...

Author: /time Magazine | Title: The Political Interest He's No George Bush | 8/9/1993 | See Source »

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