Word: 80s
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...true that if the Social Security system can somehow stay afloat through the '80s, it will sail into calmer waters for a long period beginning around 1990. For one thing, a 1% tax increase-half a point each on workers and employers-goes into effect that year. For another, the number of people retiring from 1990 through the rest of the century will be held down by the low birth rates of the Depression and World War II years. Meanwhile, members of the 1946-64 baby-boom generation will be hard at work, presumably earning rising incomes and paying...
...General Revenues. Liberals, and others opposed to any reduction in benefits, argue for using income tax and other revenues to make any payments that cannot be financed by the payroll tax. Former Social Security Commissioner Robert M. Ball contends that the system could get through the '80s with relatively small "borrowings," which could be repaid, with interest, out of the reserves that the pension fund will again begin to accumulate...
...years ago, when the oil giant was deciding to get into the Colony development, oil was shooting toward $40 per bbl. and experts were predicting $50 oil by the mid-'80s. What has happened, of course, is that the price of crude has declined an average of $3 per bbl. during the past year. The shale-oil development that made sense economically with $50-per-bbl. oil was not a good business proposition in a world of $33 petroleum...
...collectors here and abroad. One can see why Chia, 36, has a following. It is hard either to dislike his work (it is too educated and, often, too funny for that) or be really moved by it (for the same reasons). It is ideal decor for the early '80s, revivalism tempered by well-placed clues of irony. It is chic, like a Fendi fur with metaphysical yearnings. Chia can run up a good-looking, hyperactive surface-all those squiggles out of Cy Twombly and the flecks of color applied in an ornamental parody of futurist "divisionism" are cute...
...collaboration in and out of bed with Author Irene Kassorla during a passionate romance that cooled in June 1978. Kassorla, a fiftyish Bel Air psychologist, admits the affair but denies working with Margolis. Says Margolis plaintively: "She wanted us to become the Masters and Johnson of the '80s." Nonsense, replies Kassorla: "I am a distinguished scientist with impeccable credentials. Mr. Margolis has made no contribution to my book...