Word: forded
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Dates: during 1980-1989
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...supposed to stimulate investment that the nation needs. But most economists now agree that the effect of dumping them all into the tax code at once, on top of a 23% three-year slash in individual income tax rates, is potentially disastrous. James Schlesinger, a veteran of the Nixon, Ford and Carter Cabinets and a Ph.D. in economics, calls it "the most irresponsible fiscal action of modern times...
...taxes to reduce. So the legislators allowed such companies, in effect, to sell their tax breaks to wealthier businesses, which would buy the machinery on paper, take the tax credits and lease the equipment back to the poorer companies, which would then use it. Alan Greenspan, who was President Ford's chief economic adviser, calls the idea "the equivalent of food stamps for undernourished corporations." And well-fed ones too. Highly profitable IBM bought $100 million to $200 million of future tax benefits from money-losing Ford last year. Occidental Petroleum, which pays little U.S. tax on its large...
...blah." All through the sweltering summer of 1933, bands of lobbyists and executives wandered in and out of Washington offices, trying to figure out which code covered them and what it was supposed to say. Johnson managed to get the entire cotton textile industry organized in June. But Henry Ford, who accounted for 21% of all auto sales, refused to have anything to do with such Government interference, and Johnson had no power to coerce anyone except by threatening "a punch in the nose." What Johnson did have was an instinctive genius for what came to be known...
...Ford was not part of the initial secret negotiations between the auto-workers and GM, and refused to accept their agreement. Ford in separate talks is said to be willing to bargain on the issue of subcontracted work that it gives to non-U.A.W. or foreign suppliers, which is one of the union's chief worries. It also put forward what the company touts as an attractive profit-sharing plan. Said one leading U.A.W. official: "There are some totally new concepts relating to job security." In return, Ford wants reductions in the number of paid days...
...story so far: daredevil film maker (Apocalypse Now, the Godfather films) and presumptive bankrupt Francis Ford Coppola had just fired himself out of a cannon wearing a fine black beard and a jaunty smile but perhaps (there was a lot of public relations smoke) no leotard. Would he land in a bed of rose petals thrown by critics enraptured by his new film One from the Heart? Would his feud with Paramount Pictures, which had rescued his Zoetrope Studios from financial disaster a year ago, bring down ruin on his head? Or would he succeed in his cheeky gamble...