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...amount subject to Social Security taxes get benefits of about 27% of monthly earnings. Such redistributive payments are badly needed by most Social Security recipients, despite the overall increase in wealth among those 65 or older. A 1984 federal study shows that Social Security provides at least half the household income for 62% of its beneficiaries, who also receive Medicare to cover their health-care costs. "We hear so much about Social Security being regressive," says Phil Gambino, a spokesman for the program. "Actually, the benefits are progressive...

Author: /time Magazine | Title: Dirty Little Secret | 2/19/1990 | See Source »

...Posseck, in the Schubert household, unification has already arrived...

Author: /time Magazine | Title: The Revolution Came From the People. | 2/12/1990 | See Source »

Seattle dentist Barney Clark became a household name in 1982 as the first patient to receive the Jarvik-7, the world's first artificial heart. Clark lived 112 days more, because of the polyurethane-and-metal pump. Five patients in all received the permanent implant; all died in less than two years. But the device helped buy time for 150 patients who relied on an implant until a heart transplant was possible. Last week the Food and Drug Administration stunned medical researchers by recalling the Jarvik heart, which is made by Symbion, a Tempe, Ariz., company...

Author: /time Magazine | Title: MEDICAL IMPLANTS: Recall for a Bum Ticker | 1/22/1990 | See Source »

...Says Algimantas Cekuolis, a People's Deputy from Lithuania: "We are the mirror image of South Korea and Singapore 30 years ago." But Lithuania depends on the rest of the Soviet Union for 90% of its raw materials and energy, which cost far more than the food and household products it turns out. Today Vilnius pays the equivalent of $6 per bbl. for oil delivered from Siberia; at world prices it would cost four times that. Lithuania is also a victim of the Soviet economy's "monopolism" -- the practice of turning a single factory into the sole supplier...

Author: /time Magazine | Title: Could Lithuania Go It Alone? | 1/22/1990 | See Source »

...from his favored westerns or cartoons. Come bedtime, there is only one place where he will sleep: on the Kalishes' king-size mattress, snuggled between Mary and Ronald. If reproved, Frank may try to urinate on the offender's foot. Yet, far from feeling hog-tied by their demanding household companion, Mary says of the experience, "I've loved every minute...

Author: /time Magazine | Title: Living: This Little Piggy Ate Roast Beef | 1/22/1990 | See Source »

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