Word: importancies
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...interest, which Moon failed to report as income. It was taxable, the Government contends, because he used the funds for "personal and business purposes," not for church-related religious expenses. The indictment also states that Moon and Kamiyama in 1973 formed a company, Tong II Enterprises, to import ginseng tea and other items from Korea for sale in the U.S. Moon received $50,000 worth of stock in the corporation, claims the indictment, but he did not report the receipt of the stock as taxable income...
...penance, the Chinese agreed to pay some $40 million in compensation to Mitsubishi Heavy Industries for the cancellation of a $420 million hot-rolling steel mill that was to form part of a second phase at Baoshan. Peking also belatedly agreed to import and pay for all of the petrochemical equipment and technology that it had originally signed for with Japanese and West German firms, a commitment that could total as much as $1.5 billion. Industrial development in the People's Republic still faces serious obstacles. Not only must the country be able to train the millions of skilled...
...prevent a repetition or escalation of the food protests that reportedly erupted last year at the Gorky and Togliatti auto works, the Soviet leaders are expected to import a record 40 million tons of grain. Some Western experts believe that Soviet ports will have trouble handling such heavy traffic. Much of the grain will come from the U.S., where a bounteous harvest has depressed crop prices and made farmers anxious to sell their surplus abroad. A delegation from the U.S. Agriculture Department travels to Moscov this week with an offer to sell the Soviets 10 million more tons of grain...
...latest import spree will further strain Soviet finances. The country's trade deficit with the West-about $2.7 billion in the first quarter alone-is swelling at a record pace. Every dollar spent on grain is one less that can be used for badly needed high-technology goods, including computers and oil-drilling equipment...
...tribunals inferior to the Supreme Court," and legal experts generally agree that the power to create implies the power to regulate and even abolish. Moreover, the Constitution awards the Supreme Court complete appellate jurisdiction, "with such exceptions, and under such regulations as Congress shall make." Experts disagree on the import of this little-exercised grant of authority. Some agree with Northwestern Law Professor Martin Redish that "if Congress truly desires, it can do almost anything it wants to the jurisdiction of the lower courts or the appellate jurisdiction of the Supreme Court." Many other experts, among them Cardozo Law School...