Word: presentational
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Dates: during 1980-1989
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...ordering construction of a fourth orbiter to replace the shuttle Challenger, which carried seven astronauts to their death on Jan. 28. The new orbiter should be completed by 1991, its estimated $2.8 billion price to be paid in part out of money the space agency will save during the present launch hiatus. With a reduced launch schedule, the President said, the shuttle fleet will no longer carry commercial payloads, giving private industry a strong incentive to develop its own launchers...
...Washington. About 80% of taxpayers will owe less; though many of the reductions will be small, they add up to big money. Collectively, individuals ! over the next five years will keep in their wallets $121.7 billion that they would have to hand over to the Internal Revenue Service under present...
Beryl Sprinkel, chairman of Reagan's Council of Economic Advisers, forecasts that production will grow 10% more over the next five years than it would under the present tax code. One reason: consumers who save on taxes will have more money to spend and invest. A bigger factor is that the bill would remove the distortions that are created by the existing maze of incentives and exemptions. No longer will businessmen waste their ingenuity devising elaborate schemes to turn ordinary income into capital gains. Dollars will flow to the most productive uses rather than being diverted into agricultural enterprises designed...
...business. Reagan, ever the salesman who has to sell himself first, had become a zealot for his new cause. He plugged Treasury II in a major TV address ("America, go for it!"), followed by a series of barnstorming speeches around the country.The President derided the complexity of the present tax code by frequently reeling off this incomprehensible last sentence of section 509(a): "For purposes of paragraph (3), an organization described in paragraph (2) shall be deemed to include an organization described in section 501(c)(4), (5), or (6), which would be described in paragraph (2) if it were...
Cooking and prospering in America seem to be the wave of the present among many leading French and Italian chefs and restaurant owners. Their influx has been most apparent in New York City, where at least six have opened shop in the past year. One of the most successful offshoots is Le Bernardin, a copy of the Parisian two-star fish restaurant, located in a comfortable if somewhat stuffy setting in the new Equitable Center. Le Bernardin is run by the brother-and-sister team of Gilbert (the chef) and Maguy (the hostess) Le Coze, owners of the Paris original...