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...Boost Social Security taxes in each of the next ten years, with the heaviest increases for those with the highest salaries. At present, the tax is set at a rate of 11.7% on the first $16,500 of an employee's earnings. (No one pays any Social Security tax on earnings above that amount.) Since employer and employee each pay half of the tax, the maximum payment is $965 apiece. The tax rate and the wage base were already scheduled to rise in future years, but the House hiked them much higher and much faster. Someone earning...

Author: /time Magazine | Title: The Nation: Social Security: Up, Up and Away! | 11/7/1977 | See Source »

...problem of establishing herself as something more than a luminous satellite remained. Goodbar was especially satisfying as an answer because it is the heaviest kind of melodrama. As is true of so many gifted comedians. Keaton yearns to evoke horror, jerk tears, turn the faces of onlookers pale with fear. "I didn't know if Diane had the range," Goodbar Director Richard Brooks remembers. "And I was thinking, sitting there in my office with her, that she is not exactly what you call a great beauty. Then it struck me that this is who this story is about: a nice...

Author: /time Magazine | Title: Love, Death and La - De - Dah | 9/26/1977 | See Source »

...conspiring to engage in unfair competition. The damages were less than the $2.5 million that Bateman had asked in a California court suit filed on the Monday that the Fresno employees switched allegiance (the court tossed the case to the Big Board), but the penalty is still the heaviest ever imposed by the exchange against a single member firm...

Author: /time Magazine | Title: JOBS: The Fresno Raiders | 6/20/1977 | See Source »

...heaviest burden for the coaches is the University's ban on recruiting trips by athletic personnel. Admissions Office rules prohibit Harvard coaches from visiting the homes of prospective students without special permission from the dean of admissions; in fact, no coach can even "initiate contact" with a high school athlete. The theory is that the athlete is not a special quantity, that he or she must seek out Harvard rather than vice versa--an interesting fiction the athletic staff has perpetuated by delegating its responsibility for finding promising athletes to a national network of alumni...

Author: By Francis J. Connolly, | Title: Body-hunting at Harvard | 6/16/1977 | See Source »

...targets a mile away using infra-red light. And you should see what we have instead of the old bazooka. First there's the 90-mm. recoilless rifle with a "starlight" scope for enhanced visibility and a shaped charge that can penetrate all known Soviet armor. For the heaviest tanks, we have the Dragon antitank missile-it's a one-man job, 31 lbs. I've shot it myself. Then there's the TOW missile, which has a longer range (almost two miles) but needs at least two guys to set it up. The missiles...

Author: /time Magazine | Title: The Nation: UPDATING WILLIE AND JOE | 5/23/1977 | See Source »

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