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...would lower guaranteed benefits to what could be financed out of the remaining 10.4%. Feldstein has an even better idea: keep present tax and benefit rates but have the government deposit into individual accounts an additional 2% of each worker's earnings, up to the prescribed annual taxable limit. On retirement the worker would repay Uncle Sam $3 of every $4 he or she had in the account. Taxpayers under this scheme might earn somewhat less, in total, than under Moynihan's plan--though that one-fourth share could add up over decades. On the other hand, they would...

Author: /time Magazine | Title: Finance: How We Can Fix Social Security | 5/10/1999 | See Source »

...even if e-mail is considered inviolate, there are tactics by which the alert parent can control it. America Online, the Internet service provider used by nearly 17 million households, allows parents to limit incoming e-mail to a finite list of correspondents. In any e-mail program, a scan of the senders' addresses can give you a good idea of the nature of your kid's correspondents. The proliferation of mailing lists being such a Web commonplace, what's coming in can sometimes tell you what's been going out: even unsolicited e-mail--from, say, a Ku Klux...

Author: /time Magazine | Title: Raising Kids Online | 5/10/1999 | See Source »

...jumbo if you can afford it. If you're just over the breakpoint, you could make a larger down payment to reduce your loan amount. But that money might be better spent in a stock fund. Another option is a piggyback structure, where you borrow just under the jumbo limit and take a second loan for the rest. That second mortgage comes at a hefty premium--maybe a couple of percentage points more than your first mortgage. But it may make sense if you retire the second loan quickly--say within five years. These options grow more valuable as rates...

Author: /time Magazine | Title: Jumbo Rip-Off | 5/10/1999 | See Source »

Though the U.S. military had imposed a minimum flight altitude limit of 2,000 feet for planes flying out of the Aviano air base, and though the plane flew much lower than that (the pilot said the altitude gauge had malfunctioned), ?one of the things that came out of this accident was the crew?s assertion that they had never heard of the 2,000-feet limit,? says Thompson. The Pentagon, which now relies heavily on Aviano for NATO's Kosovo campaign, has since redoubled its efforts to ensure that safety guidelines for pilots in Italy are made clear...

Author: /time Magazine | Title: Marines Clear the Decks Over Gondola Accident | 5/7/1999 | See Source »

...Harvard students are at least indirectly impacted by the decision because the alternative was to increase the loan limit," he said...

Author: By M. DOUGLAS Omalley, CRIMSON STAFF WRITER | Title: Harvard Unaffected By Grant Increase | 5/6/1999 | See Source »

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