Word: magical
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Dates: during 1980-1989
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...Siberian rubythroat or other Asian rarities. "We have people who go without any hope of seeing new birds," says Larry Balch, the ABA's president and head of Attour, a service that brings about 65 birders to the island each spring for three weeks. "There's something magic and very relaxing about being at the end of the earth...
...hostages. Jerome Wiesner, former president of the Massachusetts Institute of Technology, reflects deep concern when he says, "I am very upset by the ethical behavior that will make people believe that lying by our Government is natural." Confessing errors has never, of course, been part of the Reagan magic. For six years, as America's debt soared past $2 trillion, the President refused to admit that George Bush was right when he said during the 1980 primaries that trying to balance the budget by cutting taxes was "voodoo economics...
...Management proposed to do this by declaring a reverse stock split of one share for every 1,000 shares. Anyone holding fewer than 1,000 shares would have to accept a cash payment of $41 a share, and that would whittle the total number of stockholders to below the magic 300 level...
...There's no magic in 50 years," he added...
Soviet leaders have not suddenly discovered the magic of the marketplace. They are interested rather in bringing the country's flourishing underground economy under some control. Soviet economists estimate that 40% of all household services are performed illegally by moonlighters working nalevo, literally, on the left. The catch for the soon-to-be-legitimate business people is that the state will tax them. Entrepreneurs will pay a progressive income tax that starts at 13% for incomes of less than 250 rubles ($375) a month and rises above 50% for incomes of more than 500 rubles ($750). Since a hardworking plumber...