Word: pump
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Skeptical that private charity, unassisted, can really replace government, even a rock-ribbed conservative like Senator Dan Coats of Indiana has offered legislation to try to pump up giving. He has proposed a $500 tax credit for donations to institutions that devote 70% of their work to helping the poor directly. Unhappily, the cost of that measure alone would be $120 billion during the next seven years...
...Washington Post and the Seattle-based firm Olympic Capital showed that most of Magellan's recent gains came in the last three trading days of each month. Magellan, by sheer size, often leads the market its way. If it is found to have touted certain stocks to buyers to pump up prices artificially, the sec may file charges. So far, no such evidence has surfaced, and Magellan's defenders say its moves are merely smart trading...
...Prime Minister Alain Juppe confronted a hard reality: to meet the budgetary requirements for joining Europe's single currency by 1999, France must drastically reduce its public deficit from 6% of its GDP, or $83.6 billion, to 3%. As a result, in a jolting reverse, Chirac has abandoned his pump-priming promises in favor of a two-year program of new taxes, limits on social spending, and a public-sector wage freeze...
...ocean that might have put evolution into sudden overdrive. Developmental biologists are teasing apart the genetic toolbox needed to assemble animals as disparate as worms and flies, mice and fish. And paleontologists are exploring deeper reaches of the fossil record, searching for organisms that might have primed the evolutionary pump. "We're getting data," says Harvard University paleontologist Andrew Knoll, "almost faster than we can digest it." (See a photo-essay on Darwin...
...sources of the foundation's money, however, have been drying up; its individual grants have dropped from an average of $3,000 in 1991 to about $1,000 today. So to keep the money flowing, Art Matters decided to pump half of its $2 million endowment into a mail-order business. "I suspect that a lot of nonprofits and foundations will have to be very creative in how they acquire money so that they can give money," says visual artist Jenny Holzer, who has emblazoned tumblers with such slogans as "What Urge Will Save Us Now That...