Word: premiums
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...with means testing. By reducing federal handouts for middle- and upper-income Americans, Darman hopes to begin to wean them from their expensive -- and subsidized -- life-styles. Farmers who make more than $125,000 a year in outside income will be ineligible for federal commodity subsidies. The monthly Medicare premium of $31.80 will be tripled for seniors whose adjusted incomes exceed $125,000. Darman said the five new means tests, which would save $200 million next year and $3.7 billion through 1995, are a first step toward "a better focus on the poor...
Both Brustein and his critics agree that cultural institutions have an obligation to furnish equality of opportunity to minorities. However, The Globe maintains that "blacks have to be better than the competition," while Brustein insists that "skilled black artists are now at a premium...
...that cannot be solved without making people worse off in the short run. Unfortunately, the political climate of the last 25 years has encouraged us to resist this conclusion. Ever since Lyndon Johnson told us that we could have both guns and butter, voters have placed a high political premium on hiding the bad news, and politicians have invented ingenious methods of concealing...
...experts call it the "war premium." For the U.S., heightened global anxiety about the security of Persian Gulf crude supplies has imposed an extra cost of more than $20 billion in higher oil prices since Iraq invaded Kuwait last August. The burden, acting like a new tax, helped push the U.S. into recession and put a drag on sluggish economies around the world. With every new rumor out of the Persian Gulf, the war premium swung menacingly. The gyrations gave rise to a frightening question: How high would oil prices skyrocket if fighting actually broke out -- $50 or even...
Even without the added worry of assassination, Aristide faces a formidable task. Haiti's economy is a shambles, with poverty rampant, electric outages a common occurrence and potable water at a premium. Unemployment and underemployment run at a minimum of 65%, and inflation rises 2% each month. The U.S. is considering increasing food aid, development assistance and other economic credits. But first Aristide must hammer out an economic program...