Word: gross
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Dates: during 1980-1989
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...unfair catch-22. Why did he not reveal his tax troubles months ago? "You didn't ask me about it," offered Bush. His dispute came to light last week when he released his recent federal income tax returns. For the past three years, the Bushes had a gross income of $810,000, of which they paid 37% in federal income tax, which is about average for people in their tax bracket...
...recent indictments of New York mobsters for conspiracy in connection with Suffolk County garbage collections attest, is amply active. The President's Commission on Organized Crime, established last summer, estimates that the Mafia takes in up to $168 billion a year in the U.S., or more than the gross domestic products of Greece and Austria combined. Says FBI Director Webster: "There are few businesses or industries in our communities that are not affected by organized-criminal enterprises. This brand of crime is costing the American people billions of dollars every year...
Despite forebodings about the deficit, the economic recovery has been stronger than any other expansion in the past three decades. Growth in the gross national product this year is now projected to be about 6%, considerably higher than the 4% to 5% that many economists originally predicted. That spurt helped reduce the deficit to an estimated $174.3 billion in fiscal 1984, from a record $195.4 billion in 1983. Most economists, though, fear that deficit spending has fueled a false prosperity that will soon fade. Already, progress against unemployment shows signs of coming to a halt. The civilian jobless rate declined...
...terms of the treaty, its successors could easily reverse or rewrite it. China has proved to be singularly unpredictable in years past, with its violent and frequent pendulum swings from left to right. Clearly, the Communist nation has much to gain from protecting its capitalist jewel: the per capita gross domestic product of Hong Kong is 18 times that of China, and already the 400-sq.-mile colony supplies its colossal neighbor with up to 40% of its entire foreign-exchange earnings. Even those practical considerations, however, could be swept aside during a leftist backlash. In that event, noted...
...credit, push up interest rates (currently 15.5% for deposits) in order to encourage savings, slow inflation, and stem the outflow of money from the country. Argentina also said it would try to chop the deficit in the biggest areas of public-sector spending from its level of 11.4% of gross domestic product in 1983, to 8.1% this year and down to 5.4% in 1985. In addition, Argentina indicated that it will take action to hold down wage increases, but the deal's language was left intentionally vague to give Alfonsín flexibility...