Word: rewards
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Dates: during 1980-1989
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...major incentive to spend is America's income tax structure, which does more to reward consumption than almost any other system in the world. The Government taxes savings twice: first as income, then again on the interest that the money earns in the bank. At the same time, the U.S. has historically encouraged borrowing by allowing consumers to deduct the interest they pay on installment debt. "Certainly there was no excuse for allowing this," declares Economist Rudolph Penner of the Urban Institute. That provision, which made it easier for taxpayers to rationalize running up big balances on their credit cards...
...aloof from the Arab world. Sentiment among the Arab leaders overwhelmingly favored pressuring Iran to end the war, and Assad apparently felt he had to move with the tide, putting at risk the millions of tons of free and subsidized oil that Iran has provided his country as a reward for his support. As for Egypt, the participants were eager to mend relations with the Arab world's most populous and powerful state so that Cairo's 450,000-man army could be held up as a counterbalance to the Iranian threat. Iraqi President Saddam Hussein, dressed in military garb...
...Council also approved a nine-month trial run of a "vacancy match" program for rent-controlled housing. The plan would reward landlords who accepted low-income tenants from a Rent Control Board list. In return, the Board would exempt such landlords from the $80-$120 fee they would usually have to pay when applying for an eviction notice or a rent increase...
...greatest paradox of academic work in modern America is that most professors teach most of the time, and large proportions of them teach all the time, but teaching is not the activity most rewarded by the academic profession nor most valued by the system at large," the report states. "Trustees and administrators in one sector after another praise teaching and reward research...
...book by an editor of the Washington Post dealing with the subject of the Central Intelligence Agency. Hint: Bob Woodward's much ballyhooed Veil, an expose by the renowned Watergate reporter of the deeds and alleged confessions of the late director William J. Casey, does not count. Reward: those who come up with the correct answer can settle down to read an uncommonly informative and intriguing espionage thriller...