Word: rosee
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Dates: during 1980-1989
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...credited to new deferred annuities, to the extent that those exceed their premium payments. Policies and annuities already in effect, however, would not be touched. Example: if a policyholder paid a $1,000 premium on a new life-insurance policy during a year in which its cash-surrender value rose $1,500, he or she would pay tax on the extra $500. Under present law, tax becomes due only when the policy or annuity is actually cashed in. Even death benefits paid by an employer to a worker's family would be taxed under the Reagan plan. But Social Security...
...made up of top law-enforcement officials, to "target, identify, prosecute and convict" people who commit financial crimes. The result has been a shift in priorities for Government crime busters. In 1970 only 8% of the criminal cases pursued by federal authorities involved white- collar offenses, but that figure rose to 24% in 1984. The Justice Department brought 20 cases last year against insider traders, in contrast to only five in 1982. Budget constraints, however, have hampered the fight against corporate crime. Says Assistant Attorney General Trott: "We could put three times the number of agents and prosecutors...
...close of their conversations in the White House last week, President Reagan and his guest, King Hussein of Jordan, stepped out into the Rose Garden for an impromptu press conference. The President wished Hussein well in his search for a Middle East peace settlement. The King responded with words that amounted more to a policy statement than a formal farewell. As the result of his recent talks with Yasser Arafat, the chairman of the Palestine Liberation Organization, Hussein declared, "we are willing to negotiate, within the context of an international conference, a peaceful settlement on the basis of the pertinent...
...classic instance of jazz-age chatter: " 'He's a bootlegger,' said the young ladies, moving somewhere between his cocktails and his flowers. 'One time he killed a man who had found out that he was nephew to Von Hindenburg and second cousin to the devil. Reach me a rose, honey, and pour me a last drop into that there crystal glass.' " In The Prime of Miss Jean Brodie, Muriel Spark's prepubescent girls wonder, as children always will: " 'Miss Brodie said they clung to each other with passionate abandon on his last leave.' 'I don't think they took their...
...Federal Reserve Board is able to let mortgage and other interest rates decline because inflation seems dormant. The Labor Department reported that the consumer price index rose at a moderate 4.6% annual rate in April and at a 4.2% clip for the first four months of the year. Inflation has been about 4% since 1982, and TIME's economists forecast that this pace will continue through the rest...