Word: payment
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...have read your article on "Ponzi Payment." Found it interesting, but none too accurate. My hair is neither chestnut nor grey. It's gone. Have never worn lavender pajamas nor pink ribbons on my night shirt. Fur coat and overshoes on cold nights have been my limit...
Some inflationary pressure, though, could begin coming from food prices. The worst drought since the 1930s has devastated many crops, while at the same time the Government's Payment-in-Kind program has encouraged farmers to leave some fields idle. The Agriculture Department said last week that this year's corn crop would be 48% smaller than last year's. The price of corn has already gone up about 60% since January, a surge that will eventually boost the cost of meat from corn-fed livestock. Schultze said that food prices would rise more than 5% next...
...million payment for the warrants was only one of several to come out of Chrysler's smoking checkbook these days. During the past two weeks, the company promised to pay $117 million in back dividends on preferred stock, scheduled a $250 million payment to its pension fund and reached a $1 billion wage deal with the United Auto Workers. That settlement returns to Chrysler workers the bulk of the paybacks the union employees had given to keep the company afloat...
...billion bu. of corn that are expected to be lost to the drought are in addition to the 2.2 billion bu. not planted as part of the Government's payment-in-kind (PIK) program, which provides subsidies to farmers for keeping their fields fallow. Analysts estimate that the corn yield will be down by 25%, or $4.5 billion worth. In the short term this may mean lower prices for meat as ranchers rush their herds to slaughter rather than continuing to fatten them. But in the long run it could mean significantly higher prices for both meat and grain...
...diminished corn prospects are largely due to the Agriculture Department's payment in kind (PIK) program, which began with this year's crop. PIK is designed to ease the buildup of farm surpluses by giving surplus grain to farmers who idle their land. The program, which some critics label a windfall, brought about a planned 27% drop in the corn acreage planted this year. In July the Government estimated that the reduction would trim the 1983 corn harvest to 6.2 billion...