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...average of 56% and set off a series of tax reductions around the country. Though its passage is by no means assured, Proposition 9 is another bold thrust in California's tax revolution. Since 1978, the state has indexed personal tax rates to inflation, put a lid on budget increases and abolished the business inventory tax. Moreover, Governor Jerry Brown has handed taxpayers $695 million in special tax credits. California's treasury has survived all these shocks in large part because of a hearty surplus fed by a vigorous economy that has become a modern cornucopia. TIME Correspondent...

Author: /time Magazine | Title: Business: California's Golden Touch | 6/9/1980 | See Source »

...have more confidence in the ability of government to shape the future," Sullivan counters, but he too says "to a certain extent what we are doing is putting a lid on a pressure cooker. Occasionally, though the lid can be kept on, depending on how much pressure gets turned up under the pot." Should the ordinances and the controls fail, there is another line of resistance, though. "What we're doing is buying time to get our act together." Vickery explains. "right now, our efforts are fragmented." If the city's housing authority, redevelopment office and city planners work together...

Author: By William E. Mckibben, | Title: Lid on the Pressure Cooker | 5/6/1980 | See Source »

...Liddy finally lifting his self-imposed lid? In a preface he explains that the statute of limitations has run out on the Watergate crimes; thus his story cannot now cause his former colleagues any legal problems. He explains that he has been persuaded that he "owes a debt to history." Besides, although he does not mention it, he still has to finish paying off a $40,000 fine and some $300,000 in debts to lawyers...

Author: /time Magazine | Title: Special Section: Watergate's Sphinx Speaks | 4/21/1980 | See Source »

...criticism, biographies, memoirs. In his practicing, as in everything about the piano, he goes his own way. There was, for instance, the time he closeted himself to prepare for an important concert. Friends, hearing no music, opened his door to investigate. He was seated at the piano, but the lid was closed. On it rested a chessboard on which he was intently playing against himself...

Author: /time Magazine | Title: Music: Reluctant Cinderella | 4/21/1980 | See Source »

...together an 80-page program that provides for the evacuation of the town by road, rail, river and even, if it becomes necessary, snowmobile. Said Mayor Reid: "We can empty the town completely in 24 hours. All the folks out at T.M.I. have to do is keep the lid on for that long...

Author: /time Magazine | Title: Energy: Legacy off Three Mile Island | 3/24/1980 | See Source »

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