Word: earn
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Dates: during 1970-1979
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...hardly a reason for postponing public debate over how to head off a crisis; in its quest for ways to spur more saving and investment, Government would do well to begin by devoting greater attention to increasing the rates of return that capital-short industries like utilities can earn. In the long run, perhaps nothing will channel needed capital into worthwhile investments any better than tax measures and other policies that make those investments profitable...
...think we have in our prisons the greatest captive student bodies anywhere in the U.S. I think a man should earn his way out of prison by education. If he wants to go to night school and learn more and learn faster, then his time should be cut down. I think there is a good correlation between good citizenship (if that is the antithesis of criminality) and education. I know there are a number of extreme opposite examples: Bill Sands, Caryl Chessman (both of whom I represented) and others who had high IQs and became criminals. But the usual criminal...
...higher top-base annual salaries, which are reached after varying years of service and without promotion: $18,000 for firemen and policemen in Chicago, $16,681 for teachers in Detroit with only a bachelor's degree, and $15,731 for sanitation men in New York. Naturally, people who earn promotions get more than that. Unions have also won pensions that range from generous to excessive and threaten to bust many a budget in the future. In New York, for example, sanitation men hired since 1973 can retire after 25 years of work, at age 55, on annual pensions...
Another criticism is that floating rates have not helped to solve international trade problems. Britain, for example, continues to run huge deficits despite a downward float of the pound. Its woes underscore perhaps the most basic charge against floating rates: that they encourage nations to spend more than they earn, in the false hope that a cheaper currency will correct major economic weaknesses by encouraging exports and holding down imports. In reality, says University of Chicago Economist Arthur Laffer, currency fluctuations "never solve fundamental problems...
...first month, Wheeler flew just 208 passengers; recently the line has been carrying more than 1,000 passengers a month, mostly commuting businessmen, and revenues are up to more than $20,000 a month. Wheeler, however, has yet to earn a profit. The federal subsidy (up to $140,000 this year) that the line receives to provide service to shore and rural areas does not quite cover losses on these routes, although Wheeler has been able to break even or better on its popular and completely unsubsidized intercity commuter schedules. Wheeler, who pays himself less than $10,000 a year...