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Last week I attended the "$40,000 Question" council meeting, presumably called so that the student body could voice its opinion about what to do with the $40,000 surplus the council found earlier this year. I was one of a whopping 30 students assembled. If you subtract the 20 council members and four Crimson executives present, the net student body turnout was an astounding six. When one such student criticized the council for its shoddy publicity and lack of communication with the general student body, council president Noah Z. Seton '00 responded that it probably would be a good...

Author: By Lauren E. Baer, | Title: A Disillusioned Constituent Speaks | 2/16/1999 | See Source »

...California real estate in the stock market. A former software executive who dabbles in patent law, he has watched his retirement stock portfolio grow by an average annual return of 20% over the past 10 years. "I'm pretty dedicated to the idea of trying to get a surplus on my money," says Cavanaugh. "If I had money I wanted to salt away, I might think about putting it in bonds, but this is money I want to give to my kids...

Author: /time Magazine | Title: Finance: Retiring Well | 2/15/1999 | See Source »

...plan is both bolder and more detailed than anyone expected, even at the expense of alarming some of his liberal allies with a plan for partial privatization. But it is also designed to trap Republicans on the losing side of the political debate over how to spend the budget surplus. Clinton has framed the debate as a choice between saving Social Security and Medicare and cutting taxes for the rich. A New York Times/CBS News poll last week found that 64% of the public said they would prefer the surplus be spent on Social Security...

Author: /time Magazine | Title: What's Next For Bill and Hillary Clinton? | 2/15/1999 | See Source »

Like an automobile dealer trying to sell you the same car twice, Clinton will spend more time highlighting what he has already done than he will trying much that is new. His willingness to use some of the surplus to pay down the debt speaks to a kind of long-term focus that is the luxury of a lame-duck President. The plan for the next two years seems to be, Trumpet the past; give Gore the future...

Author: /time Magazine | Title: What's Next For Bill and Hillary Clinton? | 2/15/1999 | See Source »

...called the U.S. economy. The current boom is as much a part of the committee's legacy as is its battle to stem global turmoil. It was Rubin--via the 1993 deficit-reduction plan--who navigated the Clinton Administration into budgetary agreements that helped create the first surplus in 29 years. This fiscal responsibility helped lower interest rates, which kicked off a surge in business spending. Greenspan, who dovetailed his own monetary policy with those goals, let the economy build up its present head of steam. The men don't get all the credit for the boom--they...

Author: /time Magazine | Title: The Three Marketeers | 2/15/1999 | See Source »

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