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Word: exaction (lookup in dictionary) (lookup stats)
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...nearly 60% of Mutual's 1974 net income, the court said that the award was bloated by the "passion and prejudice" of the jury. A new trial must now be held to set a fairer award, but the decision left no doubt that courts could continue to exact punitive damages from insurance companies...

Author: /time Magazine | Title: Law: Big Bucks from Bad Faith | 9/10/1979 | See Source »

...turnover at the top in Jari has been higher than at lower levels. In the past dozen years, between 22 and 26 chief operating executives at the Jari project have been fired or shifted out (nobody seems to recall the exact number). Some moved on because they had fulfilled the phase of development that required their particular expertise. But many were shunted aside because they disagreed with Ludwig or failed to anticipate his wishes...

Author: /time Magazine | Title: Business: Billionaire Ludwig's Brazilian Gamble | 9/10/1979 | See Source »

...from Brixton is the East End's Brick Lane, where between 7,000 and 25,000 Bengalis - no one knows the exact number - work in garment industry sweatshops. A timorous, often illiterate people, for the past two years they have been subjected to vicious beatings and murders by white gangs. Listening to the sound of prayer coming from the local mosque, Gulam Mustafa, a leather goods manufacturer and local Bengali leader, says he has appealed repeatedly to the Home Office to help halt the attacks. The Bengalis' cause was taken up last year by the Anti-Nazi League...

Author: /time Magazine | Title: BRITAIN: Facing a Multiracial Future | 8/27/1979 | See Source »

...recorded sector of American business activity is thriving as never before. It is the underground economy, an illicit system of cash and barter in exchange for goods and services. Because it operates beyond the statistician's reach and the tax collector's grasp, no one knows its exact size and scope. But various learned economists, who find this fast-growing sector to be a fertile field for academic investigation, estimate that it runs to hundreds of billions of dollars a year...

Author: /time Magazine | Title: Business: Take Cash and Skip the Tax | 8/20/1979 | See Source »

...troublesome border was drawn in 1774 when British authorities ordered a surveyor to set the line between the colonies of Canada and Vermont at the 45th parallel, the exact midline between the equator and the North Pole. Local historians have cited records of liquor rations brought along on the trip. And these explain why, they say, when the survey was through, the border was set more than a quarter of a mile too far north. But for that British rum, Derby Line would have been firmly in Canada for the past 205 years, and the border in an unsettled...

Author: /time Magazine | Title: Partly in Vermont: A Borderline Case | 8/13/1979 | See Source »

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