Word: hooverness
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Into this tax hell come proposals for salvation: everything from tinkering with the system to imposing a flat tax. The intellectual cheerleaders for the flat tax are Hall and Rabushka, both economists at Stanford's Hoover Institution. Their writings inspired the flat tax for which Jerry Brown won a flurry of attention during the 1992 Democratic primaries. Another disciple is House majority leader Armey, sponsor of the leading flat-tax plan now before Congress...
Then there is Kemper Boyd, a corrupt FBI agent from a once illustrious and then bankrupt Tennessee family ("My father went broke and killed himself. He willed me ninety-one dollars and the gun he did it with"). Recognizing an accomplished sneak when he sees one, Director J. Edgar Hoover persuades Kemper to tender a sham resignation from the agency--while retaining his salary--and to hire on with Bobby Kennedy's Senate investigative team as a spy. Hoover hates the Kennedys. But Kemper, who gets the job, takes to the brothers, especially Jack, in whom he recognizes...
...GLORY DAYS, THE MORRISON Knudsen company helped create the very fabric of America by building such megastructures as the Hoover Dam, the San Francisco-Oakland Bay Bridge and the Trans-Alaska pipeline. By last week, however, the 83-year-old construction firm, based in Boise, Idaho, was struggling to survive a devastating corporate crackup. Just six weeks after directors ousted the charismatic William Agee as chairman and chief executive officer, the company was frantically seeking $125 million in new bank loans needed by the end of this week to avert a bankruptcy filing. And with losses mounting, shareholders suing...
Fidel Castro, long suspected of possible complicity in the assassination of President Kennedy, is apparently a conspiracy buff himself. Just seven months after the November, 1963 shooting in Dallas, according to a newly-declassified letter from FBI Director J. Edgar Hoover, the Cuban leader ran his own tests to determine whether it was possible for one man using a rifle with a telescopic sight to have killed the American president. An FBI informant told Hoover that Castro speculated that "it took about three people" to do the deed. Cuba has insisted that the CIA was behind the plot. ButTIME senior...
...very slowly, to 67 by 2027. Many think it should be boosted faster, and to age 70. "It is absurd to keep the same retirement age as when life expectancy was 10 to 15 years lower," says economist Friedman--still active as a senior research fellow at Stanford's Hoover Institution at the age of 82. It is also very expensive to prompt people to retire at what now seems to be an early age and collect pensions rather than pay taxes that might finance others' pensions for a vital five years or so. The counterargument, voiced by International United...