Word: owner
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Dates: during 1980-1989
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Spring 1984: Rolf Kiefer, owner of a small metal-construction firm in Wiesbaden, West Germany, receives a request to bid on the construction of a technology park in North Africa. The man soliciting the bids calls it a "big contract." Kiefer is intrigued, but as he says later, "when someone comes in with a suitcase full of money, you feel wary." When Kiefer learns that the "park" is to be built in Libya, he bows out. "I assumed from the outset that the man was talking about a weapons factory," recalls Kiefer, "and we didn't want to get involved...
...restaurateurs to monitor waiters' tips for the Internal Revenue Service, as well as pay federal unemployment and Social Security taxes on such income. "It's a lot of extra work. We have to spend time keeping records because the Government doesn't want to," said Don O'Neill, the owner of the Spring House restaurant in Pittsford...
...robs them of the performance-based pay they deserve, supporters of the policy feel that a salary elevates servers to a more professional status. "Our waiters have higher self-esteem, since they are no longer dependent on handouts from persons to whom they must be obsequious," says Barry Wine, owner of Manhattan's ultrapricey Quilted Giraffe, where there is a service charge. But in the competitive restaurant business, few owners are likely to pick up a hot potato like the service charge until they are sure their rivals are going to go along...
...story broke that he owned shares (worth $7 million in 1981 and an undisclosed amount today) in Chemical Bank New York Corp., which has huge loans to Third World nations, he announced that he would sell them. As Reagan's Secretary of Treasury, a qualified blind trust (whose owner knows what assets it contains, though he has no say in when they are bought and sold) was deemed sufficient. But after White House ethics chief C. Boyden Gray, who had also run afoul of the stricter rules, focused the zeal of the newly converted on the Baker portfolio (and conveniently...
Meanwhile, harsh sentiment against the refugees is growing. "Nobody knows who all these people are," says Brownsville trailer-court owner Bob White. "They could be terrorists, or bandits, or typhoid carriers." Harlingen Mayor Bill Card says his city decided to expel the INS from a registration post to send a signal to the Bush Administration that the area needs more help from Washington. Says he: "We have not been able to get the cooperation and attention of the Federal Government...