Word: iras
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Dates: during 1990-1999
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...summers ago, amidst the stacks of physician charge sheets, I arrived at the unavoidable conclusion that our system is an administrative nightmare. Ira Magaziner, a leading member of Clinton's task forces has already sought to tackle the health care issue in this light. If Clinton's plan emerges within the next few weeks as promised, it will be surprising if one major facet of the scheme does not involve tidying up the bureaucratic mess...
...inevitable the case would somehow be tried again. This time, with the jurisdiction federal rather than local and the charges focused on civil rights, the burden on participants is greater. The result will be momentous, but the nation is really watching for what comes after. As defense attorney Ira Saltzman challenged jurors last week in a closing statement, "Your verdict might result in some . . . something. Can you withstand that pressure...
...When Ira Magaziner was still only a multimillionaire management consultant, General Electric asked him to figure out how to wring a profit from its giant TV-manufacturing unit. Many a hired gun might have sized up the problem by looking at production flow charts or pricing tables. Not Magaziner. He hit the shop floor and began taking apart TV sets with his bare hands, assessing the cost of the components, piece by piece. His conclusion: GE's profit margins could be found not in producing the set's electronic components but in building its plastic-and-wood casing and picture...
When the babel died down, some observers thought the task force seemed quite taken with price controls. Hillary's deputy, Ira Magaziner, agreed. Controls might be problematic, he said, but huge yearly cost gains were "not a pleasant reality either." Perhaps mulling such choices, the Administration later hinted that its May 3 deadline for the finished plan might be pushed back...
DERIVATIVES, THOSE HOT "BASKETS" OF FINANCIAL products that balance risky but potentially lucrative investments with conservative ones, are at your corner bank. For people rolling over IRA and Keogh money, Citibank offers a five-year deposit account with income tied to Standard & Poor's 500 stock index. Put in $10,000 now when the S&P is 450, and if the index average climbs 150 points by 1998, Citibank will return $6,660 along with the principal. Next to a conventional five-year CD, which would pay $2,613, the stock-linked account looks like a skyscraper. Should the market...