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According to the commission, Government pay scales, particularly those for executive-level jobs, lag far behind their approximate counterparts in private industry. The commission has proposed to President Carter substantial salary increases for all branches of Government. The panel recommended that the highest ranking officials, including Cabinet members, earn $95,000, rather than the current maximum of $69,630. For officeholders just below the highest echelons, the commission proposed raises averaging $23,000. In addition, the commission urged that Representatives and Senators, who now earn $60,662, get a raise of nearly $25,000, and that Associate Justices...

Author: /time Magazine | Title: Salary Ceilings | 1/12/1981 | See Source »

...bloated arms budget not only threatens the quality and effectiveness of America's armed forces; in an era of accelerating inflation and tax-cut mania, it provokes justified fears of a "hyper-inflation" that would do more than any lag in missile production to erode American power. And if President-elect Reagan tries to dodge this specter by cutting giant swaths in social spending to make up for the tax cuts and the arms budget, the resulting domestic decay and turmoil would prove far more costly and damaging than any "perceived loss of military parity." And the American society that...

Author: NO WRITER ATTRIBUTED | Title: Dollars For Gas | 1/7/1981 | See Source »

...Ptolemy, one of the greatest of the Greek astronomers, wanted nothing more than to explain the eccentric wanderings of the five known planets: Mercury, Venus, Mars, Jupiter and Saturn. Why, for example, did Saturn seem at times to forge ahead of Jupiter in the sky, and at other times lag behind it? To fit this movement into the prevailing earth-centered view of his day, Ptolemy assembled meticulous records of planetary movements. In A.D. 140, he made a good guess about Saturn. Because of its slow pace, he deduced that it lay in the most distant of the heavenly spheres...

Author: /time Magazine | Title: Space: Ears, Rings and Cassini's Gap | 11/24/1980 | See Source »

...York state study of "Black Students at White Colleges" revealed that Blacks who lag behind whites in the proportion who get good grades at A and B levels the first, second, and third years of college are ahead of whites in the proportion who get good grades the fourth year...

Author: NO WRITER ATTRIBUTED | Title: A Question of Intent | 10/25/1980 | See Source »

Genentech, like the other major genetic-engineering firms, faces serious problems in profiting from its research. Obtaining approval for new products from the Food and Drug Administration is expensive and timeconsuming. Notes Cetus President Peter Farley: "The lag time between discovery and marketing for a pharmaceutical product is five to 20 years." In addition, the four tiny DNA pioneers will be competing soon with such multinational giants as Du Pont, Upjohn and General Electric. Although the U.S. Supreme Court decreed this summer that new life forms could be patented, the U.S. Patent and Trademark Office has yet to rule...

Author: /time Magazine | Title: Business: Investors Dream of Genes | 10/20/1980 | See Source »

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