Word: high
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Dates: during 1980-1989
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...White House years, the IRS's Los Angeles field office is considering information provided by M. Chris Blazakis, former executive vice president for James Galanos, one of the designers who provided Mrs. Reagan dresses on a need-to-wear basis. Under the tax laws, a celebrity receives income for high-visibility use of a product in an amount equal to the value of that product. The defense that some of the dresses were loans, not gifts, or that they are no longer worth very much once they have been worn, may not impress the IRS. A gown, even one that...
...swelled in 1977, when a study showed that men who climbed more than five flights a day had 25% fewer heart attacks than those who stuck to elevators and escalators. But most people found it inconvenient or boring to climb stairs regularly. Many lived in ranch-style houses, and high-rise-apartment dwellers were leery of trudging up and down deserted stairwells...
...despite all their high-tech wizardry, stepping machines offer little that a staircase cannot provide. "There is nothing magical about the machines," says Steve Farrell of the Institute for Aerobic Research in Dallas. "You can get the exact same benefit from just climbing stairs in the home or office." And going between floors on foot can be healthier for the bank account...
...sold in the U.S. The Japanese carmaker made the decision after it received some customer complaints about loose wiring, a faulty cruise control and a malfunctioning brake light. The defects have caused no accidents or injuries, but the episode is an embarrassment for Toyota because of the high expectations surrounding the top-of-the-line model...
...corporate customers, computers once meant IBM mainframes. But that has changed as high-powered workstations and personal computers from such companies as Compaq, Apple and Sun Microsystems have won over legions of business users. As a result, IBM's earnings have slipped from $6.6 billion in 1984 on total sales of $46 billion to an estimated $5.5 billion last year on total sales of $60 billion. In an attempt to cut its costs and become a more nimble competitor, IBM last week announced its fourth belt-tightening program in three years...