Word: paid
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Dates: during 1980-1989
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Buried in the budget bill passed by Congress last week was a provision that will have a profound impact on U.S. business ties with South Africa. On Jan. 1, American firms will no longer be able to deduct taxes paid to the South African government from their U.S. tax bill. That will be a costly blow to the 163 U.S. companies, including Mobil and Union Carbide, that still operate in South Africa. Taxes will consume an estimated 72% of the money that U.S. firms earn in South Africa, vs. 57.5% before the new law. The rise is likely to speed...
Bruce Babbitt always seemed a most unlikely politician, even at his tiny high school in the mountains of northern Arizona. An A student with thick glasses, he dressed plainly and paid no heed to the '50s fashion for ducktail haircuts. He took piano lessons, served as an altar boy, and was voted "most courteous" in his 1956 yearbook. A friend recalls that Babbitt was too small for football, so he worked as the team's equipment manager, "and you know what kind of turkey that...
...degree, the rhetorical outpouring of sympathy for the Palestinians is hypocritical; for nearly four decades, the Arab states have done next to nothing to resolve the Palestinian refugee problem. At the Arab summit in Amman last month, the leaders paid little attention to the Arab-Israeli conflict and virtually ignored the presence of Yasser Arafat, chairman of the Palestine Liberation Organization. Last week Arafat, ever the opportunist, gathered P.L.O. leaders for a meeting at their headquarters in Tunis to discuss the possibility of declaring a Palestinian government-in-exile...
...special pleading, particularly at the Reagan White House. A top Boeing executive told the court that his company chose Deaver to lobby for a lucrative contract to build a new Air Force One because of Deaver's familiarity with the "personal tastes and preferences of the President." Deaver was paid $250,000, and Boeing eventually landed the $200 million contract...
Former White House Chief of Staff Donald Regan testified about his efforts to prevent a Korean client of Deaver's from getting a two-minute meeting with , the President. Regan said he repeatedly vetoed the trade-related meeting, only to see it reappear on Reagan's schedule. Deaver was paid $475,000 for setting up the appointment and doing a few other errands for the Koreans. Philip Morris paid Deaver $250,000 to help win access to the South Korean tobacco market; company officials acknowledged they were overjoyed when Deaver obtained an hour-long meeting with South Korean President Chun...