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Dates: during 1990-1999
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...paying down the national debt -- as long as we?ve got some extra money ? ought to be our first priority. They?re absolutely right. And the polls indicate that people also think that Bill Clinton is the man to do it for them. (This impression, most likely, is the result of countless Clinton speeches about irresponsible "instant gratification" on the Republican side and safe, sane saving for the future by your friends at the White House.) Clinton keeps saying only he can save Medicare and Social Security; the Republicans say they can save the sacred cows...
...growth. By putting trillions of yen in the hands of consumers, Obuchi's program saves the economy (to say nothing of his political career) and gets consumers to finally start spending. In time, that growth encourages Japan's out-of-date manufacturing firms to begin a difficult restructuring. The result is a top-down, bottom-up postindustrial revolution. And though the government has to go into hock to pay for the resuscitation, it eventually repays its deficit on the back of a newly resurgent Japan...
...plan is devoted to paying off the national debt and ensuring the solvency of Social Security and Medicare. Clinton would set aside a third of the projected surplus--or $374 billion--for replenishing Medicare funds that could otherwise expire by 2015. And he would put the interest savings that result from debt reduction into Social Security trust funds, which otherwise will run out by 2034. Moreover, sopping up red ink would ease the need for federal borrowing and pave the way for lower interest rates throughout the economy...
...that, we need to stay connected to our own families. Elsewhere on this page, we report that older Americans who attend weekly religious services live longer than those who do not--a result of the "social support" they get, say researchers. I'll bet the researchers would find similar benefits among those who get support from extended families. We'll never turn back the clock to keep families from scattering. But parents can help by telling their kids stories about their grandparents, aunts and cousins, and by keeping the relatives informed of the kids' latest activities and interests...
...betting the UPS brass doubled over in envy as they watched shares of rival FedEx nearly triple in a seven-month stretch, ignited by explosive e-commerce activity last holiday season. Kelly calls the market's valuation of Internet stocks "speculative" and says his planned IPO "is not the result of what any other company is doing." Still, Zona Research estimates 55% of the goods bought online during the holidays were delivered by UPS. FedEx got a mere 10%. UPS management must have imagined the possibilities. (The U.S. Postal Service, by the way, delivered 32% of e-packages, a strong...