Word: impactful
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Dates: during 1980-1989
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...page manuscript kept company with a "reconciliation bill" that detailed the tax hikes and spending cuts decreed by a White House-Congress summit last November to cut the deficit by some $76 billion over two years. Despite its elephantine size, the final product may have but a mousy impact on a stock market struggling to recover from Black Monday...
Buried in the budget bill passed by Congress last week was a provision that will have a profound impact on U.S. business ties with South Africa. On Jan. 1, American firms will no longer be able to deduct taxes paid to the South African government from their U.S. tax bill. That will be a costly blow to the 163 U.S. companies, including Mobil and Union Carbide, that still operate in South Africa. Taxes will consume an estimated 72% of the money that U.S. firms earn in South Africa, vs. 57.5% before the new law. The rise is likely to speed...
...front-running candidates pay fealty to the sanctity of Social Security and ardently embrace much of what the Gray Lobby advocates. Does this mean that AARP and the other groups will not unite behind a single candidate and that their impact may be somewhat diffused? Probably. But that in itself is a victory. It shows that their energetic new force has already helped shape the 1988 political agenda, and no doubt will continue...
...complied. After asking the rest of the members to resign, Ortega packed the court with his supporters. A national dialogue also collapsed last week after 14 opposition parties walked out, charging that the government had not responded to their proposals for constitutional reform. The events dulled the impact of Ortega's promise to observe a two-day Christmas truce and to send "technical advisers" to participate this week in direct talks with the contras...
Uncertainty. Volatility. Confusion. Those have become the watchwords of the postcrash economy. For weeks some prognosticators have warned that the stock collapse of Black Monday presaged a recession. Others have argued just as vehemently that the crash was primarily a Wall Street event that will have little impact on the economy. No wonder consumers have been cautious and bewildered and the financial markets have swung wildly between hope and despair...