Word: threeyear
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...price of bread 25% and milk 50%. In addition, the government has raised taxes and devalued the Zimbabwe dollar in order to qualify for $375 million in IMF and World Bank loans to improve railroads and roads. Before General Buhari's coup, Nigeria had hoped to receive a threeyear, $2 billion IMF loan. But like the Shagari government...
House Speaker Tip O'Neill made the first move. He proposed, "on the grounds of fairness," a $700 ceiling on individual savings from the final 10% installment (taking effect July 1) of President Reagan's threeyear, 25% tax cut. Such a "tax cap" would generate only about $6 billion in federal revenue savings. But the Democrats had more in mind than painting themselves as deficit fighters. "It is time that the burden of Reaganomics is shared by those in the upper-income groups," O'Neill declared. "This has been a program of the rich, by the rich...
...bring some focus to the problems and encourage reform on a national scale, the Association of American Medical Colleges, which represents all 127 medical schools in the U.S. and all 16 in Canada, is conducting a threeyear, $1 million survey, the first sweeping examination of medical education in a half-century. The aim, says A.A.M.C. President John Cooper, is to determine "what is the education that all physicians need," and how to make the process less "brutal...
Although board members were generally relieved that Congress had dented the federal budget deficit a bit by adopting a threeyear, $98.6 billion package of tax increases in mid-August, budgetary red ink remains a key concern. Alice Rivlin, director of the Congressional Budget Office, said that analyses done by her staff show a deficit climbing to $155 billion by next year and staying at about that level until 1985. This compares with an earlier forecast indicating that if no action were taken by Congress, the deficit would increase to more than $230 billion...
Prince Charles called the idea "mad but marvelous" when the explorers first set off. Last week, when Sir Ranulph Fiennes, 38, and Charles Burton, 40, returned to England after a threeyear, 35,000-mile trip around the world via the North and South Poles, the Prince hailed their "courage, endurance, will power and sheer bloodymindedness." To the cheers of the 10,000 people who thronged the dockside as their ship, the Benjamin Bowring, sailed up the Thames to Greenwich, Fiennes responded, "Some people would say that we have been lucky, but I would say God has been good...