Word: programing
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Dates: during 2000-2000
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From an unseen hallway, Sade's mournful voice floats into the TV studio like a ghost passing through a wall. She's singing these words, "I'm the king of sorrow..." The vocalist is backstage at HBO's comedy-interview program the Chris Rock Show. She's just wrapped up rehearsals for her appearance on the program to promote "Lovers Rock" (Epic), her first CD of new music in eight years. That's a lifetime in pop: time enough for the Seattle rock scene to have exploded like a supernova and to have collapsed like a white dwarf, time enough...
After three years without an alternative fund, the idea was revived in 2000, when Joshua A. Edelman '00 and Greg A. Novak '00 began collecting money to make a contribution to a charity of the class' choice. Novak and Edelman's program did not ask seniors to shun the traditional senior gift...
...IMPACT: Depends on the stock market. The $1 trillion price tag means the program may go bankrupt 10 years earlier; to cover the cost, Bush will have to cut benefits. If the market continues its historical rate of return of 7 percent a year (or even if it gains a more modest 5 percent a year), such cuts would be painless because the private-account nest egg for most future beneficiaries would more than equal the benefits they would receive under the current system. But there's no benefit floor to protect losers...
...IMPACT: Should extend the program's solvency through 2054, and will encourage private saving. But the plan exacerbates the long-term problem: an increasingly large share of tax dollars that must be spent on Social Security benefits. EDUCATION GEORGE W. BUSH AL GORE...
...hitting Bush for that allegedly overpromised trillion dollars of Social Security surplus - and draping the whole thing over a clip of the stumping Bush's flub/metaphor/incredible ignorance on Thursday about Gore's treating FDR's safety net "like it's some kind of federal program." (Which, by the way, Gore's surrogates have really latched onto, probably as a surrogate for the untouchable DUI story...