Word: payed
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Dates: during 1970-1979
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Letter Writer William N. Thompson [Oct. 15] says, quite insultingly, that "a healthy [worker] voluntarily living on a pension financed for the most part by today's productive workers is living on welfare ... If a person freely chooses leisure, he should not expect the productive working force to pay for it." I am going to voluntarily choose leisure next spring because there are other things I want to do, but it will be paid for by my money, the Social Security salary deductions I have been paying since the program started in the 1930s. How dare...
When the exchange was over, he drifted toward Hatch's desk and good-naturedly bantered with him for a few minutes.) This day, Kennedy merely cast his vote, for emergency financial aid to help the poor and elderly pay their energy bills. He then returned to his office for more work on pending legislation, until it was time to go home, at 7:30 p.m. As usual, he did not leave the Dirksen building for lunch. His fare: soup and a salad with low-calorie dressing, in keeping with the diet that holds his 6-ft. 1-in. frame down...
...specter of Big Oil wallowing in billions raised a number of policy issues that could change the structure of the nation's energy institutions. Talk rose in Washington of increasing the taxes that oilmen must pay, of putting limits on profits and keeping controls on prices, perhaps ultimately of breaking up the companies or moving toward partial nationalization. There was not much discussion that holding down profits might also reduce exploration and production, that holding down, prices would fire up demand for even more oil imports. At the same time, the U.S. may have to move toward more dependence...
...energy companies will need vast sums to pay for development projects, and much of it will have to come from profits or from the capital of investors attracted by profits. While Exxon, for example, has earned nearly $3 billion so far this year, it has also invested $7.5 billion in energy exploration and development, with 41% of it in the U.S. Partly because prices and profits are up, domestic drilling is booming. The number of oil rigs at work in the U.S. has jumped from 1,929 in April to 2,391 at present and is expected to reach...
...Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps 1% more interest on the dol lars deposited with it abroad than in the U.S., and it can offer loans at lower rates...