Word: parcelling
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...fact, the University even surrendered the lease on a valuable parcel of land nearby for the construction of a mixed-income housing project. This project would allow RTH residents to move from their homes to cheaper, modern housing. The housing project would thus clear the way for the hospital expansion Harvard wanted...
...commission's decision reverses a May ruling by its chief administrative law judge, Seymour Wenner. He favored lowering first-class postage to 8½? while sharply raising rates by 122% for second class (newspapers, magazines) and 67.6% for fourth class (parcel post, records, books). Wenner's reasoning: first-class users were assuming more than their share of postal costs, "subsidizing" other classes and turning the Postal Service into a "tax collection agency, collecting money from first-class mailers to distribute to other favored classes...
...Record Corp., the black pop-music giant, has given Megastar Stevie Wonder, 25, a new contract for a guaranteed minimum of $13 million. If the singer-songwriter delivers more than the single annual LP required by the seven-year agreement, he can earn up to $24 million. The largest parcel handed out yet by a record company, Wonder's contract is worth as much as the Elton John ($8 million) and Neil Diamond (about $5 million) deals combined. Motown's announcement is strategically timed. There were rumors that Stevie might skip, but he is loyal. He says...
Some public functions could be contracted out to private companies. For example, profit-making companies in the U.S. pick up garbage at a lower cost than city sanitation departments do, and United Parcel Service often delivers packages faster and cheaper than the U.S. Postal Service. Economist Walter Heller advocates a market approach to fighting pollution. His idea: levy stiff taxes on the discharge of effluents; the market would reward with high profits the companies that did the most to clean up the environment, and penalize polluters with skimpy earnings or actual losses...
Already the spiral is beginning. Since 1969, because of high rates and poor service, the Postal Service has lost about one-third of its parcel post business to private companies. This year, for the first time since the Depression, total mail volume-not just parcel post-is down. Reason: rising rates in a time of economic recession. Postmaster General Bailar, along with nearly everyone else who has studied the problem, warns that the vastly higher rates proposed by Wenner would shrink volume still further. Yet, adds Bailar, "the fixed costs of postal service would remain," and thus rates would have...