Word: shiftings
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Dates: during 1980-1989
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...game even more uncertain for many corporations and households. In the end, the panel was almost unanimous in predicting that the new law would soon be followed by more legislative tinkering. Concluded Guest Economist Henry Aaron, a tax specialist at Washington's Brookings Institution: "Though not a landmark shift, the tax reform will make the personal and corporation income taxes significantly fairer...
Harvard Economist Martin Feldstein, head of the Reagan Administration's Council of Economic Advisers from 1982 to 1984, disagreed. "This was a bill that went astray," he said, because it will shift about $125 billion in taxes from households to businesses over five years. Feldstein was afraid that abolition of investment-tax credits, as mandated under the new legislation, would lead to reduced corporate spending on plant and equipment and research. At the same time, hikes in capital-gains taxation rates could cause cutbacks in the financing of new business ventures. By hurting investment, Feldstein warned, the tax-reform package...
Some 2,400 miners were on the day shift last Tuesday morning at the Kinross gold mine, 65 miles from Johannesburg. A welding team was repairing a broken track for one of the trains that help carry gold ore to the surface. Suddenly, an acetylene tank sparked and flared. Flames swept through the tunnel, igniting plastic-covered wiring, which in turn set fire to polyurethane foam that keeps the walls dry and solid. Within minutes the mine shaft filled with thick black smoke containing toxic fumes from the burning plastic. Choking miners immediately fell and died of asphyxiation. When...
...unacceptable shift," snapped Socialist Chancellor Franz Vranitzky. He was referring to an abrupt rightward lurch by his conservative coalition partner, Austria's Freedom Party, which had just elected Jorg Haider, 36, as party chairman. With that, Vranitzky called for snap elections in November...
...walk will never be any shorter--unless you're drunk and can't tell the difference--and, barring a substantial shift of the Equator, will never be any warmer in the winter...