Word: deferments
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...surprise boon for multinational companies, Treasury also proposed to continue allowing subsidiaries of American corporations to defer paying U.S. taxes on profits made abroad until those profits are remitted to the U.S. as dividends. Carter had been widely expected to recommend taxing overseas profits as soon as they are earned-and he may yet reject Treasury's proposal...
...college or trade school now and pay later, borrowing money from their schools, banks or other lending agencies while the Government guaranteed repayment. In 1972 the plan was even extended to students whose parents earned more than $15,000. The terms were easy: students were allowed to defer payment until ten years after graduation...
...Liberal Party leaders warned that they would withdraw their crucial 13 votes in the House of Commons from the Labor government unless it effectively restrains wages. Chancellor of the Exchequer Denis Healey and union leaders suggested the twelve-month rule as a compromise, since it would at least defer big wage increases until next year, when inflation is expected to ease...
...does not excuse one single act of looting or burning during New York's blackout [July 25] to insist that something more is required than calling the perpetrators animals or demanding longer jail sentences. By now we must know that there are problems we have deferred too long and will defer again, work that is too hard to do, sacrifices we find beyond our capacities, corrective action that must be sustained too long for a people too impatient to stay the course...
...Mafia is overseen nationally ?but loosely?by the Commission, a dozen or so dons who usually, but not always, defer to the dominant boss in New York because he controls the most men and rackets. He may not get his hand kissed as often as Marlon Brando and Al Pacino did in the Godfather films, but he is first among equals. Since Gambino's death, two New York dons have been competing for his crown as capo di tutti capi. They...