Word: weekes
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Dates: during 1980-1989
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George Bush has decided that, for a while at least, he can live without a capital-gains tax cut. After failing to force the Senate to include such a reduction in next year's budget bill, Bush abandoned the idea last week. The President's backdown could provide the basis for a compromise that would undo $16 billion in across-the-board spending cutbacks that went into effect last month. If no agreement can be reached, $8.1 billion will be slashed from popular programs such as Medicare and college loans...
...Navy, says retired Rear Admiral Eugene Carroll, "is a pretty tough place to earn a living." No kidding. During one four-day period last week...
Cigarette ads were banned from TV in 1971, but tobacco companies are finding new ways to get their names on the screen. Last week consumer-products giant Philip Morris, the world's largest cigarette maker, for the first time broadcast commercials designed to boost its corporate image. The ad, a tribute to the Bill of Rights, makes no overt reference to smoking. Even so, the Philip Morris name is almost synonymous with cigarettes, which bring in about 65% of the company's total profits...
Fujitsu, Japan's largest computer firm, has often come under attack in the West for its trade practices. U.S. rivals have accused Fujitsu of a lowball pricing policy that keeps foreign firms out of the Japanese market. But last week a howl of protest went up in Japan when Fujitsu tried to carry out such pricing at home. The uproar occurred after Hiroshima's city government sought bids to design a new computer system. Seven firms offered to do the work at prices ranging from $2,000 to $201,000. But the winner was Fujitsu, which submitted...
...Last week another eminent employee was cleaning out his desk. Robert Bernstein, who in 23 years as head of Random House helped build it into the largest trade-book publisher in the U.S., abruptly announced his resignation. It was only three years ago that he said, "I want to be a publisher until I'm carried out." Bernstein, 66, insists he had no falling out with Newhouse. But to industry insiders the decision seemed all the more sudden because no replacement was named for the high-powered position...