Word: remains
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Dates: during 1970-1979
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...personal protégé. The Health Minister had accused Chandra Shekhar of political intrigue and undemocratic behavior. But as Desai fully realized, Narain's real target was not Chandra Shekhar but Desai himself. Rising to the challenge, the Prime Minister announced that Chandra Shekhar would remain in place and called upon top Janata leaders to rebuke the obstreperous Narain...
That may sound less like optimism than Pollyannaism. So far this year inflation has exploded. From March through May, it averaged 11.3% at an annual rate, one of the worst three-month performances ever. Though no one expects the surge to remain that bad, the Carter Administration last week forecast a 7.2% rise for the full year, and some economists expect an 8% increase...
...capital gains taxes for some upper-income taxpayers, reflected Carter's populist belief that tax breaks on gains from sales of stocks and other property do little for the economy and benefit mainly wealthy investors. Though the White House would now be grudgingly content to see the tax remain at its present maximum effective rate of 49%, the Steiger amendment seeks to cut the rate to no more than 25%, the level that prevailed prior to 1970. The bill was introduced in April by Wisconsin Republican William Steiger, who has attracted broad support with his argument that a lower...
...past year and a half inflation has plunged from some 20% to about 8%. But with the Administration's entire tax policy tangled up in Congress, Okun admits that his proposal for a Tax-based Incomes Policy (TIP) is a non-starter for now. Meanwhile, inflation seems to remain a non-stopper...
...danger as just one more situation requiring the ancient art of arrangiarsi (literally, to make shift) -getting the upper hand on life's many minor irritations. Since the country's wave of kidnapings developed in the early 1970s, 241 Italians have been snatched for ransom. Top executives remain prime victims. Two weeks ago, Movie Producer Niccolo De Nora was released after a record 524 days in captivity; his ordeal went on so long because his family reportedly had to raise the ransom ($4 million or more) in installments. The rich and powerful have been joined by middle managers...