Word: huges
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Dates: during 1980-1989
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...were restricted in 1986, however, they cost the Treasury $16 billion a year in lost taxes. Bentsen's proposal is unlikely to stop the stampede to cut capital gains, and it could become the next giveaway that Congress and the President will seize upon. But the prospect of a huge loss in revenue at a time of record deficits will probably prove unacceptable...
Friday was supposed to be a big day for Samuel Pierce, Ronald Reagan's Secretary of Housing and Urban Development. Pierce had agreed to testify before the House subcommittee investigating charges that his department had a soft spot for well-connected Republicans who garnered huge fees for helping developers land multimillion-dollar federal housing contracts. But Pierce, known as Silent Sam, decided to live up to the name. He informed the panel, headed by California's Democratic Congressman Tom Lantos, that he was canceling his appearance. He said his newly hired lawyers needed more time to prepare...
Airlines are scrambling to buy new aircraft, but the huge growth in air travel has forced them to keep many of their older planes in the air even as the modern ones arrive. According to the Future Aviation Professionals of America, an Atlanta-based group, U.S. carriers will need 50,000 new mechanics by 1997 as the airlines take delivery of 3,000 new jets with a value of more than $40 billion...
...fourth, to 31%. But Jackson jolted the local white establishment by aggressively demanding that black businesses get a share of city contracts. As a result, his tenure is so fondly remembered that when he decided to run for mayor again this year, he quickly piled up such a huge lead in the polls that his only challenger, Fulton County Commissioner , Michael Lomax, withdrew from the race...
This mood of independence was further on display during Mikhail Gorbachev's visit in April, when West Germans showed an enthusiasm for the Soviet leader so wild that the Economist aptly dubbed it a "Gorbasm." Now, with West Germany absorbing huge numbers of East German refugees, talk of reunification grows louder...