Word: lowered
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Dates: during 1980-1989
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...Burr's announcement, People shares closed at only $6.75. There was considerable irony in the challenge that Burr and his brainchild were facing. Almost from its inception, People has been an air- industry legend--and headache--as Burr made air travel more accessible than ever before with his drastically lower fares. By last week Newark-based People had grown from a three-aircraft service in 1981 into a 117-jetliner network spanning 107 North American cities and including Brussels and London. But the company had strayed seriously from the keep-it-simple formulas that had made People a case study...
...Senate Finance Committee in March, Bradley was a lonely figure, often the sole vote to close loopholes that most Senators wanted to preserve or even enlarge. As ever, Bradley was patient. "The committee had to go through an educational process," he said last week. "You either get lower rates or loopholes, and they wanted both. So before long we were about $100 billion in the hole...
...said the study showed that smokers who quit had lower rates of heart disease than unrepentant smokers, and averred that the Reynolds ad misrepresented the study results. Reynolds officials insisted that their p.r. effort was simply an editorial position and was thus protected by the First Amendment. The FTC's complaint, said a company spokesman, is "a misuse of its investigative powers." Reynolds has retained well-known First Amendment Lawyer Floyd Abrams as an adviser before a hearing next month by an FTC administrative-law judge on the charges...
Reagan has made it clear that he wants to remake the federal judiciary in his own conservative image, not just on the high court but in the lower federal courts as well. Judicial appointments can be a President's most enduring legacy. Federal judges, appointed for life and removable only for "treason, bribery, or other high crimes and misdemeanors," often serve long after a President's term expires. Future vacancies on the high court may offer Reagan a back-door means of achieving the New Right social agenda-- including permitting prayer in schools and banning abortion--that elected politicians...
...most radical tax bill that this Congress has seen in half a century," proclaimed the bill's chief sponsor, Senate Finance Committee Chairman Robert Packwood of Oregon. There are legions of winners and losers on both the corporate and personal sides; yet the lure of substantially lower rates and the chance for businesses to compete on a level playing field have helped generate an unusually diverse, if fragile, alliance of more than 600 lobbying interests representing rich and poor, individuals and businesses alike. Called the 15/ 27/33 Coalition (after the proposed rates of 15% and 27% for individuals...