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Over the next 75 years, according to commission estimates, Social Security faces a deficit of $1.6 trillion, a byproduct of the "baby boom" generation's reaching its retirement years. One long-term recommendation included in the compromise package would slowly increase the bonus for delaying retirement over a 20-year period, starting...
...Wednesday morning, Sanders had permitted Officer Hester to shout from a window that he was all right. Police, meanwhile, began monitoring sounds in the house with boom microphones. Later that night they also moved a TACT force (a local SWAT team) into the area. Early Thursday morning, police at the listening devices heard Sanders say, "My daddy's dead, my brother's dead, and the devil's dead." Assuming that the "devil" meant Hester, police stormed the house with tear gas and gunfire. Within minutes the firefight was over. Hester's battered body was found just...
...today. (Other countries' rates are, by U.S. standards, amazingly low: England, 1.1, and Japan, 1.0, are typical.) No more precipitous increases are expected this century: criminologists believe that the murder spree of the '60s and early '70s was mostly the doing of World War II baby-boom children passing through their crime-prone years of adolescence and young adulthood. As it happened, the number of young people and cheap, readily available handguns
Those factory closings--and their dire costs in human suffering and economic productivity--have, however, sparked a boom in one sector of the economy: Economists have been churning out new explanations for America's "deindustrialization" and prescribing solutions to it about as fast as companies have been laying off workers. With The Deindustrialization of America, Boston College's Barry Bluestone and MIT's Bennett Karrison add to this growing literature, which includes everything from Lester Thurow's baleful Zero-Sum Society to the corporatist musings of Felix Rohatyn in the New York Review of Books to Ezra Vogel's jealous...
...budget cuts may swing the boom-bust pendulum a little bit one way or the other, but the fact remains that disinvestment began to gather momentum long before Reagan ever reared his Brylcreemed head. Bluestone and Harrison's book demands that readers of all political stripes face the fact that investment, and how to increase it--not this budget plan or that--is the economic issue for the '80s. Deindustrialization is a problem that has been brewing for a long time, and it will require a fundamental and far-reaching solution...