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College Investments Take a deep breath. When the new law is finalized, it may permit withdrawals from an ira without penalty to finance a college education. Another option may be a nondeductible contribution to a new, "education" IRA, one that earns tax-free interest that can be withdrawn tax-free if used for college. President Clinton, meanwhile, has talked of a Kidsave account: parents could contribute the $500 per child tax credit plus another $500 that could be withdrawn tax free for the child's education. Some form of the Hope Scholarship tax credit...
...steep uphill battle for a position he has slim odds of winning. In stepping down as Governor of Massachusetts to fight Jesse Helms' opposition to his appointment as ambassador to Mexico, Weld said simply, "I don't believe it would be fair to the people of Massachusetts to permit the conduct of their government to become embroiled in the vagaries of Washington politics." Weld now finds himself alienated both from the President who nominated him and his own Republican party, having publicly blasted Jesse Helms for engaging in what he called "ideological distortion," and Clinton for seeming to back away...
After a city inspection in February 1996, Alami was forced to close down his wooden spray booth and stop painting cars. When he applied for a permit to build a metal one, he said he was told that he could not get the permit because the property was not zoned for auto body work...
JERUSALEM: There is no faster killer of Middle East peace than a housing settlement. Which is why nearly every major player in the process was furious at Jerusalem mayor Ehud Olmert's decision to award a building permit for an Arab neighborhood to Miami millionaire Irving Moscowitz without letting any of them in on it. "Those two tried to pull a fast one," says TIME's Lisa Beyer in Jerusalem. "Moscowitz and Olmert are both intent on this for ideological reasons, and they don't feel they need anyone's permission." Benjamin Netanyahu, who has had his share of trouble...
...rations helped win the war. As the holder of a battlefield commission in World War II, I know. With a major portion of our cigarettes now sent overseas, one could worry about what would happen in the event of another war. Nicotine wins wars. We must not permit a nicotine gap! DAVID MANZELLA Barrington...