Word: earners
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...from oil importer to oil exporter. China is not the Far East's Saudi Arabia. But with proven reserves in the 20 billion bbl. range (v. 132 billion for the Saudis, 35.3 billion for the U.S.), Peking expects oil eventually to become China's principal foreign exchange earner. Like other oil exporters, China will be able to benefit politically. In 1974 Peking exported some 30.5 million bbl. of crude (up 430% over 1973) to Japan, earning $442 million; the reason was not only to earn foreign currency but to dissuade Japan from its plans to exploit Siberian...
...players say they want to be treated like ordinary people. But they're not ordinary people. How can you compare a $100,000-a-year football player with an $8,000-a-year wage earner...
...JOSEPH EARNER...
...content with Bhutan as it is now, 95% medieval and 5% modern. In an effort to boost the economy and make life a little more comfortable, however, the government is planning to let in its first tourists-in moderation of course. Up to now, Bhutan's chief money earner abroad has been the sale of its colorful postage stamps, some of which are miniature LPs with the Bhutanese national anthem recorded on them...
While Healey did not soak the rich, he did get them a little wet. The basic corporate tax rate was raised from 50% to 52%, the basic income tax from 30% to 33%, with the burden falling heaviest on the biggest earners. Thus, a $25,000-a-year earner who had been paying roughly $8,000 a year in taxes will now pay about $500 more. Those earning $7,200 and under will pay marginally less. There will be heavier levies on luxuries such as liquor (48? more for a 26-oz. bottle of gin, to $6.24), cigarettes (12? more...