Word: next
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Dates: during 1980-1989
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...pool of investment funds, a goal of the capital- gains reduction. Before IRA deductions were restricted in 1986, however, they cost the Treasury $16 billion a year in lost taxes. Bentsen's proposal is unlikely to stop the stampede to cut capital gains, and it could become the next giveaway that Congress and the President will seize upon. But the prospect of a huge loss in revenue at a time of record deficits will probably prove unacceptable...
Massachusetts Republicans have jumped on the Frank affair, and the latest poll shows that only 45% of the Congressman's constituents still look on him favorably -- a blow but not necessarily a defeat, since 61% want him to run for office again next year. Alexander Tennant, Massachusetts G.O.P. state committee director, says the political issue is "not Barney Frank's sex life but whether the Congressman broke the law." Gobie says he did, by abusing congressional immunity to avoid paying Gobie's parking tickets, a charge Frank denies...
...discovered the show in the mid-'70s are now watching alongside their kids and struggling to keep up with the cast changes (which one is Phil Hartman?). Still, an anniversary for Saturday Night Live -- which will mark the start of its 15th season with a prime-time special next Sunday -- is more than just a routine occasion for TV nostalgia. The pressing question: Is Saturday Night still alive or merely on life support...
...last of the original cast members, as well as Michaels, left at the end of the 1980 season, and Saturday Night Live was forced to rebuild from scratch. In the next few seasons -- the Dark Ages -- the show managed to unearth one superstar (Eddie Murphy) but a lot of also-rans (Charles Rocket, Mary Gross). One year it brought in seasoned ringers like Billy Crystal and Martin Short (no fair -- they were ready for prime time); then Michaels returned with an all new cast that ranged from teen flashes-in-the-pan like Anthony Michael Hall to Hollywood veteran Randy...
...revive the laggard Harvey, which in the 1940s ranked as the top seller of comic books but last year was in the No. 4 position. Montgomery, who bought the firm from the Harvey family with money he raised from outside investors, aims to boost circulation 50% in the next two years, to 3 million. He is also eager to market the company's library of 248 motion- picture cartoons from the 1950s and '60s, which would be included in a line of videocassettes. Montgomery, who graduated last year from USC's School of Film and Television, plans to start...