Word: wealthiest
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...baby boomers' parents, those members of the World War II cohort now in the twilight of their lives, are the wealthiest generation in American history. Blessed by the real estate boom of the 1970s and '80s, the stock- market surge of the '80s and lucrative pensions, Social Security payments and a high savings rate, older Americans as a group have amassed a nest egg that New York University economist Edward Wolff values at $5.3 trillion -- an average of $258,000 for each household headed by a person over 64. Those assets mean an unprecedented windfall for many otherwise struggling younger...
...education and job training; and physical infrastructure, from roads and bridges to high-speed railroads and fiber-optic communications. Such public investments, Reich argues, will encourage both U.S. and foreign firms to create jobs in America. How would Reich finance these expensive new investments? By raising taxes on the wealthiest Americans and cutting defense spending...
Rudenstine's comments came in response to a Crimson article stating that the Business School--one of Harvard's wealthiest schools--would not raise money for other parts of the University...
...fact, two deficits: a budget deficit and an investment deficit. During the campaign, he proposed addressing the second of these by investing billions in infrastructure and education, while somehow cutting the deficit in half by 1996 through defense cuts and an increase in the tax rate of the wealthiest 2 percent of the population...
...rule of thumb, says Bell Labs' Penzias, technology will provide for people of the future what only the wealthiest can buy today. Where the rich now hire chauffeurs to drive them to work, for example, the working stiff of the future will be transported to work in his robocar. None of these advances are without their costs and risks. Drexler's assemblers, for example, could create bounties of goods and services -- or they could unleash artificial pests of unimaginable destructiveness. One nightmare creature from Drexler's book: an omnivorous bacteria-size robot that spreads like blowing pollen, replicates swiftly...