Word: moneys
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Dates: during 1990-1999
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...champions of tax cuts argue that the surplus rightly belongs to citizens whose Form 1040s gave rise to it and who now deserve their money back--to do with as they see fit. As a Wall Street Journal editorial-page headline framed the issue last week, WHOSE SURPLUS IS IT, ANYWAY? Indeed, Americans now pay an amount in taxes equal to 20.7% of gdp, a post-World War II high that is up from just over 18% 10 years ago. Nor are many economists bummed by the fact that most of the benefits that would flow from the G.O.P. cuts...
...course, debating how to use the surplus could be like haggling over the division of water in a mirage. Yet even if the estimates are a bit optimistic, the nation will still be faced with the problem of having too much money. "If we use the surplus wisely, we could cement our wealth for another couple of decades," says Sinai, who is worried that big tax cuts now would be premature. "The task for our society," he adds, "is to make sure we don't blow...
...months ago, he was at a fund-raising breakfast for the Robin Hood Foundation, a group that taps Manhattan money for neighborhood projects. There he toasted Hans and Ivan Hageman, two childhood friends from East Harlem who had, with Robin Hood seed money, founded a remedial school and counseling program. John recalled first meeting them 30 years ago. "These guys were larger than life," he said, "and they behaved in such a way that we all knew they were destined to do something important with their lives...
...wants to live. "There are all kinds of addictions, and I've got every single one," he says. "If you set me in front of anything, I will do it until I ram it into the ground and it's done working for me. Until I lose all my money, until there is no love left, until the drugs or alcohol don't work." He says he is now following a philosophy called "contrary action," in which he, like Seinfeld's George Costanza, does the opposite of his instincts...
...this IPO is really about mining riches on the Internet. UPS has been around since 1907, and management had always staunchly resisted selling shares to the public and having to deal with impatient shareholders and arrogant Wall Streeters. So why go public now? The company doesn't need money; it has a $3.4 billion cash reserve...