Word: reached
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Dates: during 1980-1989
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What will tax reform really mean when Americans reach the bottom line on their 1040 forms? In a study for TIME, the accounting firm of Coopers & Lybrand used computer models to calculate the burden for seven hypothetical families under the current code and under the proposed law for 1988, the first year that most of the changes will become fully effective. These are rough figures, since the fine-tuning of the measure has not yet been completed...
...fund raising toward industry, union and issue-oriented gifts from regulated political- action committees. The device proved effective beyond anyone's imagining: since 1974, the number of PACs has risen from 608 to 4,092, the number of contributors has grown to about 4.5 million, and total donations may reach an estimated $125 million -- perhaps a quarter of all funding -- for this year's House and Senate races. Most PAC money goes to incumbents and comes from groups seeking legislative favors...
...monopoly service. Possession of those records allowed AT&T to adjust its campaign pitch more finely, and at lower cost, than could its rivals, who were allowed under FCC rules to buy customer data from the Baby Bells. MCI estimates that it spent between $10 and $15 to reach each residential customer in the election, more than three times the cost for AT&T. Says Charles Skibo, president of US Sprint: "AT&T had the data to sharpshoot and pick off select targets. We were shooting in the dark with a scatter...
...stalemated six-year war along their 730-mile border, Iran and Iraq have resorted to attacking tankers plying the waters of the Persian Gulf. Last week Iraqi pilots scored a strategic breakthrough when they struck Sirri Island, a key Iranian oil terminal that was thought to be beyond the reach of Iraq's fighter-bombers...
...miles farther down the gulf. The switch helped keep tankers out of range of Iraq's air force. But either by using in-flight refueling, as some Western military analysts conjectured, or airfields in nearby Arab states, as the Iranians claimed, Iraq proved that it has the ability to reach Sirri. Iran, meanwhile, is trying to move its oil- loading operations to Larak Island, another 125 miles farther down the gulf and closer to the protection of Iranian air bases...