Word: socialized
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Dates: during 1970-1979
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...this atmosphere of racial polarity, Rhodesia's ruling Executive Council met last week to announce a new program for abolishing race discrimination. While Rhodesia has accepted the principle of black majority rule, there is still statutory as well as social apartheid. Under the new program, this discrimination would be abolished in hotels, restaurants, nightclubs, swimming pools and moviehouses, in trading areas and in local elections...
...Costa was Eanes' way out of the bind bestowed on him by Soares, whose party holds 102 seats in Portugal's fractious 263-member parliament. Eanes fired Soares when the fragile governing coalition came apart as a result of restiveness on the part of the supporting Social Democratic Center Party, a more conservative-leaning group than the Socialists. Soares did not want to go. As leader of the largest single parliamentary bloc, he felt that Eanes would have to call him back to mediate the standoff resulting from his departure, or else call elections not scheduled...
...bonds or real estate -the one popular long-term investment -rather than stocks, since they saw their parents hurt by inflation and market plunges. Compared with young couples ten or 20 years ago, they spend more and plan less for the future, figuring that something (Medicare, Social Security or private pensions) will take care of that distant tomorrow. Collectively, these young two-earner families are a new elite...
There is a price to be paid for all this early affluence. Two-income families are hit twice for Social Security taxes, and their federal tax levies are higher too. When the husband earns a handsome income, his wife's salary, large or small, is taxed at a high rate. Generally, if his income is $25,000, she is taxed at least 32% on her earnings...
...heavy demands of two careers can cut into home and social lives; children must be postponed or reared by proxy, and there can be conflicts over moving to take better jobs. That is why quite a few of the new elite feel like Van MacNair, 34, a Washington tennis shops manager. He insists that he would like to earn enough to give his wife Gretchen, 31, a chance not to work; but Gretchen, who works for a mortgage group, maintains that "a couple like us cannot get by without two incomes...