Word: heir
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...avoid bracket creep, in which inflation edges taxpayers into a higher tax rate though they do not gain in buying power. Both chambers seem to agree that the estate tax should be nearly wiped out. They would raise the value of estates that can be passed to an heir tax-free from $175,625 to $600,000. Only .03% of all U.S. estates exceed...
...than planned, to make way for Brokaw. After discussions with NBC News President Bill Small, Nightly News Washington Co-Anchor Roger Mudd, who went to NBC in a huff after losing the CBS anchor spot to Rather less than two years ago, waived a contractual option to be sole heir to Chancellor's position...
...heir to Britain's role in world finance following World War I, the U.S. clung to the gold standard. Franklin D. Roosevelt partly revoked it in 1933, when he attempted to help banks by forbidding Americans to hold gold. During the international chaos surrounding the Depression and the beginning of World War II, gold flooded into the U.S. The American gold supply jumped from $4 billion at the beginning of 1934 to $17.6 billion by the end of 1939. The U.S. suddenly held 60% of all the gold reserves in the world, and Washington officials worried about the problem...
...Pissarro was a fervent anarchist, and his dot-crusted scenes of idyllic rural labor (as stylized and unreal, in some ways, as any 18th century pastoral) are attempts, not always successful, to convey an ideal vision of social dignity based on freely shared work. In this he was the heir of Millet as well-though he certainly did not know peasant life as Millet had. But by the mid-1890s, with his bustling market scenes and views of Rouen cathedral rising from a choppy, tiled sea of roofs, he had returned to a less schematic form of painting...
DIED. Prince Andrew of Russia, 84, a nephew of Tsar Nicholas II and the oldest known surviving member of the dynasty that ruled Russia for three centuries; in Teynham, England. An heir to the Russian crown, Andrew fled the Bolshevik Revolution in 1917 and finally settled in England, where he lived in a luxurious 13th century manor as the head of the exiled Romanovs...