Word: leveler
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Dates: during 1980-1989
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...theory of savings behavior, people tend to do their heaviest borrowing and spending from their mid-20s to mid-40s. Then, after their children are grown, they start saving for retirement. Many economists predict that when a huge number of baby boomers reach middle age in the 1990s, the level of U.S. saving will improve...
...sales tax, which would work like state levies. Another model is the value-added tax used in many European countries. The VAT is paid at every point in the production and distribution chain where a product's value has been enhanced. Consumers would pay their share at the retail level. But as sensible as those or other consumption taxes may sound, they are too dicey politically to have much of a chance in Congress...
Among Brokaw's closing human-interest questions was "Do you go home in the evening and discuss with ((wife Raisa)) national policies, political difficulties and so on in this country?" "We discuss everything." "Including Soviet affairs at the highest level?" "I think I have answered your question in toto." That was the only exchange that was truncated when the interview was broadcast to the Soviet people...
...most financially successful nations, its citizens worry about their futures as if they were impoverished. They fret over high tuition bills for their children, over the cost of buying a new house and especially over having enough money once they retire. Corporate pensions have nearly risen to the level of other industrial nations, but most Japanese consider such benefits inadequate. When Matsuoka reaches Honda's mandatory retirement age of 60, for example, he can expect a company pension of about $1,500 a month (with no cost of living increases). "I can't live on that," he says...
...Kremlin's new eagerness to discuss human rights spawned a meeting in Moscow last month between Deputy Secretary of State John Whitehead and Deputy Foreign Minister Anatoly Adamishin -- the highest-level direct talks ever held on the subject. Although such a dialogue was an encouraging sign, Whitehead came away skeptical about the degree of Soviet progress. "Are people free to move about the country," he asked rhetorically, "to listen to free media, to leave when they want, to take jobs where they want? No, the freedoms we treasure in this country do not exist there." Until that glaring imbalance...