Word: burdens
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Dates: during 1970-1979
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...Walter Reuther, have won their employees some of the best pensions in private industry. This year the union fought for another breakthrough that would tie pension benefits to the cost of living, a plum common to public employees but still almost unknown in the private sector. But the pension burden for even the giant automakers is heavy and growing. Total pension expenses for GM were $1.3 billion last year, up from $329 million...
Already, just about every employ with a pension plan is having to pay soaring retirement costs. At Atlantic Richfield, the eighth largest U.S. oil company, the pension payout jumped from $60 million in 1976 to $80 million last year. The pension burden has become heaviest in the older capital-intensive industries such as steel, rubber and farm equipment, often because tough unions have increasingly asked for fringe benefits instead of simple wage hikes. Among other firms carrying particularly weighty pension loads are Uniroyal, Wheeling-Pittsburgh Steel and the Budd Co. A great many other firms have not taken care...
China has not found it easy to absorb the refugees. Said a resettlement aide in Yunnan: "Grain, meat and edible oils - these are already rationed in our country - so you can imagine the burden on the farms imposed by this huge influx of new people." The Chinese claim that finding a home for each refugee costs $1,200, a figure that covers the purchase of transportation, agricultural tools, housing and food. As a result, Peking has taken the unprecedented step of asking the U.N. for financial help in resettling the refugees who are still in the camps and those...
Even so, the IRS seems reluctant to take strong action against the cheating. Americans are already complaining enough about the heavy burden of Government bureaucracy. Said one Treasury official: "There is no way you can win on this subject. It always looks like we are going after the baby-sitters to make them pay taxes." However, the IRS is trying to figure out ways of subjecting tips received by waiters and waitresses to withholding (they are supposed to be voluntarily reported). A more jarring proposal would require businesses to keep back 10% of the money owed on contracts and send...
...lack of a kicking game would put severe pressure on Harvard's defense by both reducing the team's point output and allowing opponents good field position on exchanges. And Restic doesn't want to burden the one part of his squad that can boast some success. "We have to find somebody...ANYBODY," he says...