Word: collected
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Dates: during 1970-1979
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...Collect. Companies from the largest steel manufacturers to the smallest clothing retailers are now slower to pay their bills. "Everyone is trying to live off everyone else's money," notes a Pittsburgh valve maker. Adds Irving Zeiger, owner of five manufacturing companies in Southern California: "No one, but no one, pays in 30 days. There is no money in the country-period." The squeeze is being felt all along the line. Big companies delay in paying their smaller suppliers, who in turn string out their payments to the two-and three-man shops that they buy from...
...result of massive production is massive filth. Every year, Americans junk seven million cars, 100 million tires, 20 million tons of paper, 28 billion bottles and 48 billion cans. Just to collect the garbage costs $2.8 billion a year. The U.S. also produces almost 50% of the world's industrial pollution. Every year, U.S. plants discard 165 million tons of solid waste and gush 172 million tons of smoke and fumes into the air. Moreover, chemicals have replaced manure as fertilizers, while vast cattle feedlots have moved closer to cities. Result: animal wastes now pollute drinking water and pose...
...coalition. At a time when hardliners within his government were urging a more ruthless prosecution of the war, Gowon told them: "We have no enemy, the Ibos are not our enemy." Looking to war's end and the problem of reintegrating the Ibos, he ordered his government to collect rent on Ibo-owned property outside the breakaway area and keep the money in trust for its owners. "I swear to you," he told reporters recently, "there will be no genocide, no settling of old scores, no punishments...
...advantage of a tariff system is that it would allow the Government rather than the oil refiners to collect the difference between the price of imported and domestic oil. On the other hand, a possible disadvantage of the current plan is that it would be discriminatory: the tax would be higher for Middle Eastern oil than for Venezuelan or Canadian oil, largely because the Government does not want the U.S. to become dependent upon Middle Eastern sources of supply...
...would be made primarily by the Government and not by companies simply seeking the cheapest oil with which to fill their quotas. "Every oil decision would become a foreign policy decision," says Levy. He also raises the prospect that oil-producing countries, rather than let the U.S. collect more in oil tariffs than they do in oil royalties and taxes, might raise their own share of the take. Such an increase would lead to higher prices and would be particularly costly to European and Japanese customers, who depend much more on Middle Eastern oil than the U.S. does. (Others argue...