Word: directed
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Dates: during 1990-1999
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...everyone is enamored of Morgan's plunge into direct investments. Some investment-banking clients have complained because Morgan holds stakes in their competitors, which means that any confidential information supplied to Morgan might somehow find its way into a rival's hands. Even so, Morgan's clients are devoted. "They trust the integrity of the firm," says Greenhill, now Morgan's vice chairman...
...most striking arrangements is a collection of evocative photographs by Aleen Keshishian. The innovative use of unusual angles and reflections makes these pictures of one woman more than a simple set of well-executed portraits. While Keshishian's "images of desire" are direct portrayals, the photographs of Matthew Bank are more symbolic representations. His works contain sumptuous shapes and clean lines that relate desire without representing any of the traditional symbols of sexual yearning. The freshness of this photographer's works makes them a valuable addition to the exhibit...
...most drastic approach comes from Congressman John Porter, an Illinois Republican. He suggests that the Federal Government each year refund the Social Security surplus into Individual Social Security Retirement Accounts. Every worker could direct his account, like an IRA, into an array of nonspeculative investments, including Government bonds or certain mutual funds. The result, says Porter, would be a system of "vested, fully funded, worker-owned retirement accounts" -- though one in which the more successful investors would reap the larger benefits...
...reforms. Georgi Arbatov, the country's best-known Americanologist, believes the new President should have veto powers, noting that "we should carefully study the American experience on this." For the present, the President would continue to be elected by the Congress of People's Deputies -- although the notion of direct popular election could be introduced into a new constitution...
...file by wire, a taxpayer must take a completed return -- on paper or personal-computer disk -- to one of the transmitters the IRS has approved for the program. For a fee, the information is entered into the company's computer and sent to the IRS, where it goes directly into the agency's mainframes. The electronic return bypasses time-consuming steps. It does not have to be sorted at an 18-bin station called a "tingle table," numbered and coded by hand and sent to a keypunch operator who enters the data into IRS computers. Instead, the return goes immediately...