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Word: instead (lookup in dictionary) (lookup stats)
Dates: during 1990-1990
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...idea was to avoid burdening the far smaller generation that will follow the baby boomers with huge tax increases or a mountain of new debt. But the intentions of the reform plan were thwarted by the explosive growth of the deficit. Instead of accumulating a stash of savings, the Government has borrowed each year the surplus to pay for the normal operations of the U.S. Government, with no plan for repaying the loans. "It is like an individual having a private pension fund consisting of his own IOUs," writes economist Paul Craig Roberts, a Treasury official during the Reagan Administration...

Author: /time Magazine | Title: Dirty Little Secret | 2/19/1990 | See Source »

Gorbachev also wants a new, streamlined Central Committee, "working on a permanent basis" with only 200 voting members, instead of the present 249 voting and 108 nonvoting members. He also spoke out against electing members simply because they held important posts, terming the practice an "expression of the party-and-state system of power." The proposed arithmetic had its critics, most notably Ambassador to Poland Vladimir Brovikov, who sarcastically wondered whether "democracy within the party will decline if there are 500 people in the hall instead of the 200 suggested in the document." But Victor Lomin, one of the visiting...

Author: /time Magazine | Title: Let The Parties Begin | 2/19/1990 | See Source »

...many words. Moscow party boss Yuri Prokofiyev, who was a member of the committee revising the platform, reported that the debate last week over property was so intense that "it took hours just to write one sentence." Sometimes the differences appeared to be more semantic than real. Instead of "private" property, for example, the document was amended to read property derived from "individual labor." The new easing of restrictions might allow for the emergence of small, privately owned businesses or permit factories to form their own private production units for the manufacture of, say, tools or farm implements...

Author: /time Magazine | Title: Let The Parties Begin | 2/19/1990 | See Source »

...University is considering installing experimental locks in Canaday Hall which would use electronic access cards instead of keys, officials said this week...

Author: By David G. Zermino, | Title: Canaday Hall Targeted For Experimental Locks | 2/17/1990 | See Source »

...funds were donated by the International Exhibitions Foundations (IEF), which organizes traveling art shows and special exhibits through America and Europe. IEF announced in 1986 that it could no longer continue to fund exhibits on its own, beyond those it had already planned through 1989. Instead, the IEF trustees decided to allocate its remaining funds to various organizations and museums, Walsh said...

Author: By Kelly A.E. Mason, | Title: Gift Given To Museums | 2/16/1990 | See Source »

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