Word: payment
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Prosperity has come less sweepingly to the main cities. A few individuals have managed to form their own lucrative businesses (see box). But Chinese industries, thanks to their system of guaranteed payment and employment?the absence, in effect, of incentives?remain largely paralyzed by their traditions of featherbedding and low productivity. One possible solution is represented by the four coastal enclaves, including Shenzhen, that the government has designated as "special economic zones." These areas, set up to be thoroughfares for the free passage of foreign investment and ideas, have flourished so vigorously that the government plans to create 14 more...
...Argentina $37 billion or $43 billion in debt? Last week Argentine leaders were asking that billion-dollar question. Only three weeks after an international rescue squad of public and private lenders had saved Argentina from missing the deadline for a $500 million interest payment, that country's finances appeared to be a more confusing mess than ever...
...federal jobs. Another issue arose last week. Since taking office Meese has made 47 trips at the expense of nongovernmental groups, but declared only eight similar trips on his financial disclosure form. The Justice Department has asked Congress for $300,000 for the probe, including a per diem payment for Stein based on an annual $69,600 salary. While Meese's case awaits resolution, Attorney General William French Smith will stay on the job. He had wanted to leave but changed his mind after a 15-minute Oval Office plea, thus sparing Reagan something of a political embarrassment...
Ohana spent about an hour in jail at the Central Square police station before he was released after payment of a $15 bail charge...
...that Argentina be given 15 years to pay off its debt, nearly half of which comes due this year. "I must declare very clearly to you," the Minister warned, "that Argentina cannot continue to devote two-thirds of its export earnings and 8% of its national production to the payment of interest under existing terms and conditions...