Word: waging
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Dates: during 1980-1989
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Already embattled on its budget plans, the Reagan Administration seems determined to wage a simultaneous economic war on an equally contentious front: tax reform. The President is preparing to unveil "Treasury II," a watered-down version of the Treasury Department's reform proposals of last November. The idea is to produce a simpler and fairer system while raising about the same amount of revenue. The method: eliminate many deductions and reduce overall tax rates. Reagan intends to give the latest reforms a big send-off with a national TV speech, just as he did, with mixed results, when he unveiled...
...metalworking firm based in Cleveland. Many economists praise the theoretical elegance of Weitzman's plan, but doubt that it could be put into practice any time soon, if at all. Says David Glasner, a senior fellow at the Manhattan Institute for Policy Research: "Workers simply prefer having a known wage rate and do not want to take the risk of a variable income." Contends Melvin Reder, a professor of urban and labor economics at the University of Chicago's Graduate School of Business: "Weitzman's proposal is like the advice of a philosopher to a King, not to a President...
...economist acknowledges that his plan is unlikely to be used in its pure form, but says that even a modified version would be a strong tonic for the American economy. Companies, for example, could guarantee a base wage and then offer variable bonuses that would be a share of profits or revenues. More than 350,000 U.S. companies already offer limited profit sharing, though employees often do not receive the money until they leave the company. Some firms, including General Motors and Ford, have started to give out annual profit- sharing checks. GM last year gave a typical employee...
...picture is not without incident. As World War I flickers through the Texas consciousness in newsreels and letters from the front, the people of Harrison wage a losing battle against influenza. Horace Robedaux (William Converse-Roberts), a clothier who fell in love with a well-to-do girl, is anxious about being sent to the war; he sees conscription as desertion of his wife Lizzie (Hallie Foote), his infant daughter and the baby on the way. While Lizzie's winsome wastrel of a brother (Matthew Broderick) gets into trouble with gambling debts and a pregnant girlfriend, Horace falls victim...
...esteem and trust, can emerge as critical issues. Partners may even judge themselves and each other by the values of the workplace. Explains Kitty La Perriere of New York, president of the American Family Therapy Association: "What matters is production, output, competition, excellence." Since men are still the principal wage earners in most families, the women usually take second billing. Arnold Medvene, a University of Maryland psychologist, recalls a woman whose writing career was becoming increasingly successful. But her husband, a high-ranking civilian employee of the Navy, put little value on her work. Their children and the household tasks...