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This liberalization thesis is clearly ridiculous when one considers that Blacks in the United States, although better off than their counterparts in S.A., have been historically oppressed. In fact, the ration of Black median family income to white median family income in the U.S. has declined from 61 percent in 1970 to 56 percent in 1979. Most of the drop occurred in the middle of the supposedly pro-Black Carter Administration...

Author: NO WRITER ATTRIBUTED | Title: South African Investments | 6/29/1982 | See Source »

Real estate is no longer a nearly riskless investment. Instead of rising 10% to 15% a year, the median sales price of an existing home has fallen 1.3% from its high last year, to $67,200. Moreover, those statistics understate the amount of decline because they do not include attractive financing concessions that many sellers are now making. In California buyers with cash can sometimes get a 10% discount. A few New York City developers are offering special mortgages on cooperative apartments, like 12.5%, compared with a bank rate of 17% or more. For someone who borrows $100,000, that...

Author: /time Magazine | Title: From Baseball Cards to Blue Chips | 5/24/1982 | See Source »

...billion) was able to use an array of credits, deductions and tax-exempt investments to eliminate all U.S. taxes on its 1980 income of $48 million. A recent Tax Analysts and Advocates survey sorted 405 major firms into industry groups and found that in 1980 they paid a median tax rate of 24%, well below the corporate ceiling...

Author: /time Magazine | Title: Playing Tax Games | 4/12/1982 | See Source »

Despite the disastrous housing market, home prices are declining only modestly. After the very steep increases in the past decade, the median cost of a home sold in the U.S. dropped from $68,900 last year to $66,500 in February. In California, where house prices ballooned by 200% between 1975 and 1980, the cost went up another 5% last year and an additional 6% in January and February...

Author: /time Magazine | Title: Housing Blight | 4/12/1982 | See Source »

...December the Yankelovich pollsters asked voters to rate Reagan on a scale of 1 (poor) to 10 (excellent). Reagan received a median score of 5.9. His median has now dropped to 4.9. In December 59% gave him a score of 6 or higher, while only 39% rated him at 5 or lower. In the new survey 49% rated him on the high end of the scale...

Author: /time Magazine | Title: Reagan's Rising Woes | 4/5/1982 | See Source »

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