Word: timebomb
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...boondoggle for the nation’s taxpayers. Bush and his allies on the Hill, with an eye to the 2004 election, are clearly hoping the $400 billion prescription-drug benefit will woo elderly voters, but the bill is of dubious value to senior citizens, and a fiscal timebomb for younger generations of Americans...
...under age 55. Don't pile into a traditional IRA, because these accounts require withdrawals starting at age 70 1/2. "That defeats the purpose of working longer to keep your capital invested and could throw you into a higher tax bracket," says Ed Slott, author of The Retirement Savings Timebomb and How to Defuse It. Instead, favor a Roth IRA--you'll never have to take a distribution in your lifetime--or a 401(k), with no distributions required as long as you work...
OUTTA HERE? Only 1% of people concerned about Y2K will relocate from the cities; most would have done it already (Edward Yourdon, co-author of Timebomb...
...Arvay (Bantam; $1.25 each) are the noisiest and most simple-minded of all the current Kalashnikov operas. The author is an Israeli billed as a ";former undercover agent." The cover of the Kuwait book, which is about an attack on a Black September training camp, exactly describes the product: "Timebomb excitement! Nonstop action! The crack Israeli Secret Service v. the International Sky Terrorists." These two wild Easterns are part of an Arvay series. At least three more such thunderations are threatened in fiscal...
...chamber, his long, sensitive hands clasped and unclasped in thought, to Cordell Hull's ears came only the muffled tick of the ancient grandfather clock that has been in the Department of State offices since 1777. But the tick may well have seemed like the tick of a timebomb. He had just received a blunt warning-a demand by Michigan's Senator Arthur Vandenberg that Mr. Hull's reciprocal trade agreements be investigated by the Senate...