Word: amounting
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Dates: during 1980-1989
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...heart of what is so troubling about anointing legislators for life. "The issue is not that we need to defeat incumbents," contends Fred Wertheimer, president of Common Cause. "It's just that competitive elections are what democracy is all about." What matters, in short, is not the amount that Congressmen are paid, but whether the nation can again create a political system in which they earn...
...total amount of cash that the Federal Savings and Loan Insurance Corporation will pump into the thrift to make it lucrative for the new owners is estimated at $1.7 billion to $2.5 billion. The arrangement clearly adds up to a sure-thing profit for Bass. American Savings will be split into two entities: a "good" S & L to hold $15.4 billion in healthy assets and a "bad" one that will liquidate $14.4 billion in sour loans and other assets. For a total investment of only $500 million, the Bass Group gets 70% ownership of the good thrift. FSLIC controls...
Bass has thus managed to buy a huge, healthy S & L, complete with a network of 186 branches, for a relatively tiny amount of capital. More than half of his thrift's assets consist of another sure thing: a $7.8 billion loan to the "bad" S & L that is fully guaranteed by FSLIC to pay a handsome 2% more than the going cost of funds. That will pump some $160 million in annual interest into the Bass thrift, no matter how much trouble FSLIC has in getting rid of the bad assets...
...total ban on the ivory trade. But that would be no easier to enforce than the laws against selling cocaine and heroin. Dealers bold enough to defy the embargo could anticipate higher | profits than ever. Moreover, poor African countries need the revenue from at least a limited amount of legal trading...
With a certain amount of brio, Bush actually claims that his budget will produce a $92 billion deficit, $8 billion lower than the target. Were these numbers not so conspicuously off base, some economists would fear that slashing the current $170 billion deficit by $78 billion might send the economy into a tailspin...