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...truth. According to the work by Beach and Davis, low income families receive only slightly higher returns than the average income household. They earn 1.85 percent on their "investment" in the current system, which is far below the five percent return offered by an investment in a balanced portfolio of government bonds and stocks. Moreover, some minorities earn negative returns in the current system. For example, due to their low life expectancy, African-American single males in their mid-20s should expect to get back less than 88 cents for every dollar of payroll taxes paid during their lifetime...

Author: By Michael Roberto, | Title: Debunking the Social Security Myth | 4/27/1998 | See Source »

When Elbaz, who had spent 7 1/2 years assisting Geoffrey Beene, first brought his sketches to Guy Laroche, Toledano recalls, "In my mind I said, This is my guy." Elbaz had taken a vacation to create his portfolio and produced designs Toledano found breathtakingly feminine. The designer's personal style was also appealing. "When he came to see me, he had on red shoes and a red jacket. The guy knew how to capture your attention." But because the decision was such an important one, Toledano knew he should see as many candidates as possible. "I wanted to protect myself...

Author: /time Magazine | Title: Fashion: Tired of Chic Simple? Welcome to the New Romance | 4/6/1998 | See Source »

...late now to fiddle with your '97 portfolio. But by examining your records closely, you may find room to mismatch gains and losses in your favor. Remember, though, that you can use any capital loss (as long as there are no countervailing capital gains) to offset up to $3,000 of ordinary income in a given year. That's generally the best way to use a loss...

Author: /time Magazine | Title: Bafflingly Simple | 3/30/1998 | See Source »

...addition to shrinking class sizes in grades one through three to a maximum of 20 students, the act would also require teachers to pass a competency exam and submit a portfolio for the lessons they plan to teach...

Author: By Adam S. Cohen, CRIMSON STAFF WRITER | Title: Pete Wilson Advocates Education Reform for California | 3/18/1998 | See Source »

From the time he joined the White House three years ago, at a low point in relations between Clinton and the media, McCurry made it clear that he did not want scandal to be part of his portfolio. Through Whitewater and Donorgate, McCurry was able to shovel those questions to the counsel's office. But even while savvy, media-wise lawyers such as Mark Fabiani and his replacement Lanny Davis took the calls from investigative reporters, McCurry had to wage a vigorous internal campaign for openness. "What Mike McCurry has stood for is that if you give reporters...

Author: /time Magazine | Title: Caught In The Town's Most Thankless Job | 3/9/1998 | See Source »

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