Word: moment
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Dates: during 1980-1989
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Second, most capital gains are never taxed at all! There is no tax when the owner dies before the asset is sold. The profit on inherited property is measured only from the moment it was inherited. This is a huge loophole, costing the Government more than $5 billion a year in lost revenue...
...talking to Leonardo in Rome) painted Ovid's story of the gods' revenge on the rebellious earth giants. These bearded, stumbling palookas in their peasants' breeches, crushed by the fall of rocks and masonry, are done with literally colossal gusto. The whole windowless chamber seems ready, for a moment, to totter and fall on your head. No room in Italy gives you a clearer sense of the mannerist delight in bizarre illusion. If one could imagine a halfway point between Michelangelo's Sistine Chapel frescoes and the gee-whiz delights of Walt Disney, this would...
...perhaps even inevitable, that Soviet control over Eastern Europe would erode and its territorial approach to security be exposed as obsolete in a world of nuclear missiles. Yet even years from now, when the breathtaking events of 1989 are assessed, hindsight is unlikely to dilute the amazement of the moment. For suddenly, amid a barrage of headlines that a year ago would have seemed unimaginable, the architecture of Europe is being redrawn and the structure of international relations transformed by Mikhail Gorbachev's redefinition of Soviet security...
...reform in the Soviet Union," said Baker, "is all the more reason, not less, for us to seize the present opportunity." President Bush likewise abandoned a timid U.S. attitude when he granted Hungary most-favored-nation trading status and declared, "We are privileged to participate in a very special moment in human history. We are witnessing an unprecedented transformation of Communist nations into pluralistic democracies with market economies...
With the nonsmoking, jogging, superenergized Presidents we get now, the nation could soon have six or seven healthy retired Chiefs roaming loose looking for things to improve. The consensus for the moment seems to be, as Mudd suggested, not to use them officially but to encourage them to follow their own interests, one hopes with taste and grace. We probably could not change them if we wanted to. It is worth noting that each of the four former Presidents has reverted to form with a vengeance. Reagan is back on the mashed-potato circuit (raised to a world-class level...