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After approximately the year 2005, when large numbers of people born during the post-World War II baby boom begin retiring, there will be a rapid increase in the number of individuals receiving benefits relative to the number of people working. Between 2005 and 2035, the combined payroll tax on employer and employee would have to rise from about 12% of covered earnings to more than 16% of covered earnings, according to the Social Security advisory council. Should birth rates turn upward again, this long-range financing problem would be smaller. But if they decline or turn up less than...

Author: /time Magazine | Title: SOCIAL SECURITY: No Bankruptcy | 2/16/1976 | See Source »

...done more than Wriston to spur banking into aggressive expansion, and he is totally unapologetic about that course. If banks had not made unconventional loans, he says, the post-World War II explosion of world trade could not have occurred, and the past U.S. recession would have been worse than it was. Says he: "If we didn't want any loan losses tomorrow, theoretically I suppose we could pull out of all marginal situations. But I don't think that would be very good for society...

Author: /time Magazine | Title: Business: Wriston: Man with the Needle | 1/26/1976 | See Source »

...President reached back 30 years for his model of the kind of bipartisan support he would like to see in the Congress. Referring to the critics of our continued involvement in the world, he expressed hope that "we will get back to the post-World War II era, when Senator [Tom] Connally and Senator [Arthur] Vandenberg could and did work together to construct in the Congress a bipartisan foreign policy." He continued: "The role and the responsibility of the U.S. [is] to meet our obligations not only to ourselves and our security but, on a broader basis, to get some...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: Oval Office Optimism | 12/29/1975 | See Source »

...entire history of the United States' post-World War II relations with Spain can be summed up in this little junket to Madrid: U.S. interests in Spain have always been tactical and utilitarian...

Author: By Gregory F. Lawless, | Title: The Future of Spain | 11/18/1975 | See Source »

...never been staged in the U.S. Like almost all Baroque music, it fell into neglect with the rise of the classical era in the late 18th century. During the 19th century, romanticism buried it completely. That Rinaldo has only now come along as an afterthought of the post-World War II Baroque revival testifies to two things: the unadventurousness of the average opera company and the scarcity of the special type of virtuoso singer required for the title role...

Author: /time Magazine | Title: Music: Going for Baroque | 11/3/1975 | See Source »

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