Word: 1990s
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Dates: during 1990-1999
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...company planes--for business or pleasure. Though corporate jets pay a fuel tax, these revenues do not come close to covering their share of air-traffic-control costs. It works out to a subsidy of upwards of $350 million a year to corporate America. So far in the 1990s, this particular corporate-welfare program has cost taxpayers about $3 billion...
...Federal Government's corporate-welfare programs started out as welfare. Some began as foreign aid and turned into long-term annuities for corporate beneficiaries. Typical is Bechtel Group Inc. (1997 revenues: $11.3 billion), the global construction and engineering giant owned by the Bechtel family. So far in the 1990s, Bechtel has received more than $2 billion in corporate welfare in the form of government insurance, loans and grants, in addition to foreign-aid contracts, one of which is now nearly 10 years...
Thus far in the 1990s, the Overseas Private Investment Corporation has established 26 funds, which have invested $3.2 billion in businesses in Europe, Asia and Latin America. The U.S. Agency for International Development (AID) has established 11 other funds with 1.4 billion taxpayer dollars. President Clinton is OPIC's best friend. During his tenure, he has increased funds earmarked for OPIC ventures from less than $100 million to $3.2 billion...
Indeed, Bennahum describes how the social and familial element of computers took off in the early 1980s, a movement similar to how the Internet and email have revolutionized communication in the 1990s. Underground BBSes (bulletin board systems), which were most times run by people out of their homes, contained illegal software to download. The precious phone numbers of these BBSes were passed around among friends in a sort of Underground Railroad of computer users. His high school computer lab was a close-knit community where more experienced users shared their knowledge with younger users eager to soak up their expertise...
...rewards them handsomely. The Federal Government alone shells out $125 billion a year in corporate welfare, this in the midst of one of the more robust economic periods in the nation's history. Indeed, thus far in the 1990s, corporate profits have totaled $4.5 trillion--a sum equal to the cumulative paychecks of 50 million working Americans who earned less than $25,000 a year, for those eight years...