Word: nets
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Dates: during 1980-1989
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Leading the way for the Crimson were Peri Wallace, Danni Cunningham, Anderson and Schossberger. Anderson and Wallace, who finished with seven kills and 11 blocks, scored several points for the Crimson at the net. Cunningham and Schossberger burned the Crusaders with kills...
...Saturday, Schossberger finished with 35 kills, while adding 23 blocks and nine digs. Burger added 28 assists, 11 kills and 13 digs. Anderson led the way at the net with 15 blocks, while Cunningham added 17 kills and 24 assists...
Meanwhile, for the richest 1% of all families, income has rocketed 74%, from $174,000 a year to $304,000. By some estimates, the U.S. has a million millionaires (defined as someone who has a net worth of at least $1 million). Says California Democratic Congressman George Miller, who chairs a committee that deals with family problems: "We are creating a dumbbell. The poor are poorer, and there are more of them. The rich are richer, and there are more of them...
...middle and lower classes, since the Social Security tax exempts the portion of wage and salary incomes above $45,000 a year and all income from interest, dividends and rent. The result: according to a Congressional Budget Office study, only the top 10% of the population received a significant net tax cut between 1977 and 1988; most of the other 90% paid a higher share of their incomes to Washington. At the extremes, the richest 1% got a net tax savings of 25%; the poorest tenth of workers saw 20% more of their incomes swallowed by taxes...
...borrowers suffer from what is called debt fatigue. When capital flows between borrower and creditor are measured, the harsh fact is that much more money is moving from debtor to banker than the other way around. In the past two years, 15 of the most indebted borrowers made a net transfer of $58 billion to their creditors. And it is not just commercial banks that have been collecting the cash. In fiscal 1988 the IMF took in $5 billion more in interest and principal payments on outstanding loans than it disbursed in new loans...