Word: runaways
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...rate from 31% to 36% for individuals with an adjusted gross income of $150,000 or more a year and for families earning at least $200,000. Clinton also wants to slap a 10% surtax on income of $1 million or more. And to help curb runaway executive pay, the President-elect may try to bar companies from deducting more than $1 million of an officer's compensation from corporate taxes, which was Disney's biggest worry. Clinton plans to use the money to offset a middle-class tax cut and finance such programs as infrastructure rebuilding and job training...
...reminiscent of the Hoodoo Gurus, is complemented by passionate vocals and an unmistakable pop sensibility on this new Columbia release. Grave Dancers Union has its share of muscle but also dabbles in daintiness. (The last song, "The Sun Maid," even has strings.) This record--particularly its standouts "Black Gold," "Runaway Train," and "Without a Trace"--simply happens...
Millie, the (former) White House dog--Since she has probably had enough of the soft stuff, her agent should market a scathing kiss-and-tell book about the real George and Barbara, with the requisite tours of Oprah and "Larry King Live." Possible sequel: Millie, the Runaway Dog or Millie, Dog on the Streets...
Apart from the question of timing, many experts and just plain folk welcome Perot's plan as a credible blueprint for paring the deficit, which is now growing at a runaway rate of $310 billion a year. Such a program would scarcely pass Congress, however, because lawmakers embrace fiscal responsibility in theory but recoil from it in practice out of fear of angering voters. Yet the plan could take hold if the U.S. could somehow reach a consensus to divvy up the burden. "The only way you'll ever get political agreement is to promise that everyone will share...
...faults, many of them legacies of the 1980s, represent once-in-a-lifetime dislocations that will take years to work out. Among them: the job drought, the debt hangover, the defense-industry contraction, the savings and loan collapse, the real estate depression, the health-care cost explosion and the runaway federal deficit. "This is a sick economy that won't respond to traditional remedies," said Norman Robertson, chief economist at Pittsburgh's Mellon Bank. "There's going to be a lot of trauma before it's over...