Word: withdrawnness
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...newly expanded Individual Retirement Account program has been eager in some sections but chilly in many others. Created by Congress in 1974, IRAs now allow wage earners to save up to $2,000 a year in special accounts, where the money earns interest tax free until it is withdrawn during retirement years. Before Jan. 1, only people not covered by company pension plans were eligible, but now virtually all workers can open IRAS. Administration officials predicted that $20 billion would pour into IRAS this year. So far investors have put an estimated $6 billion into the accounts...
...grand master of surreptitious sophistication who is portrayed in the Italian press as brooding, moody, uncommunicative and withdrawn-a Heathcliff with Magic Markers-Armani sets a fast pace and a high level of good humor and good will with his 26 employees. A trim, quick figure of medium height, with cobalt eyes, he is all compacted energy, like a jack just popping from his box, as he shows up for work around 9. He may begin his twelve-hour day by doing sketches, while his staff sorts out a regimen that, typically, has no rigid schedules or fixed appointments. Buyers...
...million paid for his Ragtime in 1975. Colleen McCullough's 1977 blockbuster, The Thorn Birds, sold for $1.9 million. But An Indecent Obsession (1981) managed much less. Watergate Conspirator John Ehrlichman and bestselling Feminist Author Betty Friedan recently shared the same fate: their books were withdrawn from paperback auction because the five-figure bids were insultingly low. There was only one bidder for Gael Greene's Doctor Love; and although Diana Trilling's Mrs. Harris went for $125,000, her publisher, William Jovanovich, says, "Two years ago, it would have brought over...
...nomination of another black, William Bell, to head the Equal Employment Opportunity Commission, was withdrawn late last week by an embarrassed White House. Bell, who runs a one-man minority recruiting operation in Detroit that has failed to place anyone in the past year, had been roundly criticized as being unqualified to lead the agency. In his place, the Administration named Clarence Thomas, a black Republican and graduate of Yale Law School who now serves as Assistant Secretary of Education for Civil Rights...
...Cuban presence has long discouraged the South Africans from considering a cease-fire along the Namibia-Angola border, a precondition for Namibian independence. Earlier this month, President Dos Santos met with Cuban Foreign Minister Isidore Malmierca Peoli in the Angolan capital. They agreed that Cuban troops would be withdrawn from Angola "as soon as all signs of possible invasion" from South Africa have stopped. U.S. Assistant Secretary of State for African Affairs Chester Crocker had previously met with a high Angolan official to discuss the Cuban forces...