Word: interesting
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Dates: during 1980-1989
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...against capital gains in one way: it ignores inflation. If a stock has doubled during a time when the general price level has also doubled, the real profit is zero, but you'll pay a capital- gains tax anyway when you sell. Of course, the same is true of interest -- an 8% return on a money-market fund at a time of 5% inflation is really only 3% -- but no one is proposing to do anything about that. Furthermore, no one is proposing to limit the deduction for interest paid. In a world with no taxes, it would not make...
Instead, Bush could challenge Gorbachev with courage and imagination. He could ask the Soviets to join the West in making enormous, fundamental cuts in defense spending. This would not be naive pacifism but hardheaded self- interest. It could be a boon to the deficit-choked American economy as well as to perestroika. Rather than negotiating trims in a few weapons programs, Bush could propose demobilizing significant portions of each side's military, testing whether Gorbachev would go along with dismantling whole divisions and reconfiguring forces so as to create a less dangerous world...
...Reagan Administration, has led to a proportionate rise in the attention given to claims made by private consumer and environmental organizations that focus on food safety and risks to health. Dan Howell, the director of the Americans for Safe Food project at the Center for Science in the Public Interest, says that groups like his are flourishing. "Our membership is double what it was a few years ago," says Howell. "New local organizations are emerging across the country. Consumers rely on consumers' groups as much as on the government...
When it comes to productive tools, we should buy the best, regardless of origin, because it's in our long-term self-interest to do so. The best tools | make for the most competitive products. But when it comes to trinkets, we should think twice. Of course, with a lot of today's trinkets -- VCRs and camcorders, to name just two -- there's no way to buy American. The only choice is whether to buy at all, or whether, perhaps, to invest that money instead...
According to Tim Zagat, whose pocket-size books rate restaurants in 14 American cities, game has taken off this season partly because of "an overall interest in finer foods." Joseph Baum, co-owner of New York City's Rainbow Room and Aurora restaurants, agrees. "Flavor is in again, and game is full of flavor," he says. "It's evocative of the past, of tradition. It's romantic." This season Aurora has set up a special game menu for its dinner guests. Last week's offerings included medallions of venison with dried fruit, saddle of hare with black- and white-peppercorn...