Word: generous
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...Congressman Bob Eckhardt (D-Tex.), having just emerged from a meeting in which House members had discussed their reactions to and interpretations of the Senate "compromise," estimates that their bill would unjustifiably cost the consumer an additional $3.5 billion. Eckhardt attributed this "bonanza" for the gas industry to "more generous treatment in connection with drilling in closer proximity to existing wells," and to the fact that the Senate would allow new reservoirs found on old OCS leases to qualify for higher prices...
Adds TIME'S Aikman: "In Rumania, senior officials have their own villas and even relatively low party functionaries drive automobiles and receive a generous gasoline allowance. The son of Communist Party Boss Nicolae Ceau?escu races around Bucharest in a sleek Mercedes sports coupé. The perks for the Polish elite include special schools for their children and access to luxurious vacation camps and ski resorts. Traffic literally stops for East Germany's new class; at the approach of the imported Volvo limousines carrying the party's top brass, police halt all other movement on the streets...
Egypt's President Anwar Sadat still pays lip service to the economically crippling Arab socialism of Gamal Abdel Nasser. Sadat, however, has been edging toward a mixed economy by offering generous tax breaks to encourage investment by individual Egyptians and foreigners. Even Guinea's Sekou Touré, the self-styled
Yugoslavia seems to have the fewest economic problems among Marxist-Leninist states. It also has the least rigidly controlled economy in Eastern Europe, although Hungary is also testing innovative ways. Much Yugoslav economic planning and management has been decentralized. Initiative, hard work and quality output have been rewarded with generous bonuses and wage hikes. As a result, Yugoslav plants vastly outperform the state-owned enterprises in most other Communist-ruled countries. They also turn out an abundance of consumer products that make Belgrade, Zagreb and other large Yugoslav cities look more West European than Balkan...
would make matters worse by penalizing efficient and innovative enterprises. High taxes discourage overtime work, while generous sick pay spurs absenteeism, which has doubled in recent years. On the average, 10% of the work force now stay away from the job daily, and in some plants the figure reaches...