Word: payment
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...money had been the last big hurdle to an agreement. Torrijos had initially demanded a more than $5 billion package?$1 billion as "reparations" for the years of U.S. control of the canal, then an annual $200 million payment. But President Carter wrote him a letter pointing out that there were political and other constraints on the amount he could get if he wanted a treaty?in other words, the higher the price tag, the lower the chances of Senate ratification. Torrijos got the message. Declaring a national holiday to commemorate the signing, Torrijos mingled regret with relief. "In truth...
Anderson himself raises one thorny problem about Lockheed's new code of conduct. Says he: "One thing that still has to be considered is the question of what advantage this may give to foreign companies" if they are less scrupulous about making under-the-table payments to aircraft buyers. Investors obviously are not worried. Although payment of a dividend is a long way off, Lockheed's stock has about doubled in price this year, to around $ 18 a share...
...country. Its basic philosophy is clear and commendable: to get people off welfare rather than encourage them to stay on. Single cash grants will replace three of the largest welfare programs: aid to families with dependent children, food stamps and assistance to the aged, blind and disabled. The cash payment will amount to a guaranteed annual income; for a family of four with no other income, it would be $4,200 a year, or 65% of the poverty threshold of $6,440 for that family...
Unlike the current system, there will be no penalties for working. Benefits will be paid to the so-called working poor, even though the father remains in the home. A working four-member family will receive an annual $2,300 payment if it earns no more than $3,800 a year. Beyond that, benefits will be cut by 50? on every dollar up to $8,400, when they will be eliminated altogether. If a wage earner cannot find a job after eight weeks of search, his family will receive the standard welfare payment of $4,200 a year. When...
...Volunteer" [July 4]: Mr. Carter has every right to give the Government $6,000 if he so chooses, but he does not have the right to call the gift a tax payment if he owes no taxes...