Word: medians
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Dates: during 1980-1989
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...residents are supported by public assistance: welfare, food stamps, social security, unemployment insurance or some other government program. Two years ago, Community Board 5, one of the six community boards of the South Bronx, had the highest welfare dependency rate in the United States. The 1970 census revealed a median annual income of $5,500, with $7,183 considered the baseline for a "low" standard of living in the New York area. At that time, 70 per cent of the teenagers in this community were out of work...
...false signs of a rebound. Said Republican Alan Greenspan, the head of a New York-based consulting firm: "I would expect that the incipient recovery will stall within the next eight weeks." The economists generally predicted that U.S. business will be sluggish next year. The board's median forecast for 1981 anticipates growth of 2.7%, although individual predictions ranged widely. Republican Murray Weidenbaum, director of the Center for the Study of American Business at Washington University in St. Louis, forecast a relatively brisk 4% expansion, but independent Economic Consultant Robert Nathan projected an all-but-invisible expansion of only...
...government should split its strategy, giving insulation subsidies to the poor and increasing tax incentives for those above median income. In addition, the Congress should act swiftly to adopt Senator Malcolm Wallop's (R-Wyo.) bill that would increase industrial tax credits for the installation of energy-efficient equipment from 10 to 30 per cent. While they're at it, Congress should also pass the Building Energy Efficiency Performance Standards Act, shelved last year because of enforcement difficulties. The bill would coordinate six federal agencies in the regulation of the building and housing industries...
...slash their fuel bills. The American program of tax incentives benefits only the rich. To take a tax credit, you have to spend money first. Of the less then 10 per cent of Americans who claimed tax credits for conservations purposes, more than 75 per cent were above the median national income, according to government statistics. President Carter's proposal in his economic recovery program for $975 million to weatherize lower and middle income homes is the right step, but it is a drop in the bucket. While the billions spent on synfuels and fusion are not benefitting anyone...
...government should split its strategy, giving insulation subsidies to the poor and increasing tax incentives for those above median income. In addition, the Congress should act swiftly to adopt Senator Malcolm Wallop's (R-Wyo.) bill that would increase industrial tax credits for the installation of energy-efficient equipment from 10 to 30 per cent. While they're at it, Congress should also pass the Building Energy Efficiency Performance Standards Act, shelved last year because of enforcement difficulties. The bill would coordinate six federal agencies in the regulation of the building and housing industries...