Word: generous
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...land-price explosion primarily is the result of simple scarcity: the best housing sites were built on long ago. Another important factor is restrictive zoning practices by communities that set aside less-than-generous land for new housing to begin with and then specify minimum lot sizes that force builders and home buyers to purchase more land than they may want or need. William Kennedy, president of the Homebuilders Association of Greater Chicago, traces the zoning restrictions to a "We've got ours, now close the door mentality" among people who already own houses. Their defense is that they want...
Bright Talents. Proponents of the Pepper bill argue that its impact on younger workers will be modest, partly because generous pension plans, early retirement programs and other inducements have been drawing people out of the work force at ever earlier ages. For instance, at GM, where an assembly-line worker can retire after 30 years' service, irrespective of age, only 2% of the company's 748,000 employees actually stay on the payroll until...
Rear Guard. Kennecott broke ranks with the industry and settled quickly with the unions on what other coppermen see as more than generous terms. Kennecott could well afford the settlement. The company is sitting on a comfortable cushion of $1.2 billion in cash and securities-the proceeds of an enforced sale of Peabody Coal, which Kennecott acquired in 1968, to a consortium led by Newmont Mining. The Federal Trade Commission ruled in 1971 that Kennecott's Peabody purchase violated antitrust rules barring concentration in any given industry, arguing that the company could have entered the coal business by investing...
Promotional Blitz. Finally, the President also agreed to redeem a campaign pledge to the maritime unions, whose members provided generous financial support (an estimated $6 million) for his campaign. Carter agreed to back legislation that would require at least 9.5% of all U.S. oil imports to be shipped in American-flag vessels by 1982. Greater use of the more expensively operated U.S. ships would eventually create jobs for 2.500 additional U.S. seafarers and. at the very least, add $110 million in increased transport costs to the nation's oil import bill...
Palestinians living outside the Middle East, including at least 150 multimillionaires in Europe and the Western Hemisphere, make regular and generous contributions to the cause. The movement also earns revenue by operating business enterprises, including a modern $8 million chicken farm in Syria. For a time Palestinians ran a popular and profitable discotheque in Rome. It was shut down by authorities, presumably because it might serve as a target for Israeli counterterrorist attacks...