Word: payes
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Dates: during 1980-1989
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...Seiji and Yoshiaki are the sons of the late Yasujiro Tsutsumi, a cantankerous millionaire who became speaker of the lower house of the Diet after making a fortune in railroads, hotels and department stores. Nicknamed "Pistol" for his buccaneering business methods, Yasujiro bought out impoverished aristocrats who could not pay inheritance taxes during the late '40s and early '50s, put up hotels on the newly acquired land and cockily called the hotel chain Prince. The 484-room Tokyo Prince, for example, is set on the former cemetery of the Tokugawas, the shoguns who ruled Japan for 265 years before...
...industry. Seiji's Seibu Saison Group is branching out into hotels and what he calls the "comprehensive life-style" business. He wants customers at his stores to be able to buy a traveling bag, put it to use by booking a package tour, and take out a loan to pay for the journey. Yoshiaki has his own growth plans: he is looking at the expanding market in cable television and optical-fiber communications, in addition to more familiar resort-development projects at home and abroad. As they cross each ^ other's lines, will one brother decline to book tours...
Bennett comes around to public service once again after only four months in the private sector. "I made more money in three months than I made in three years in Government ((U.S. pay: about $250,000))," he admitted recently, "and it wasn't very interesting...
NATION: Despite a budget squeeze, Congress prepares to grant itself a back- door raise in pay...
Many politicians and economists want to boost the levy to cut the budget deficit, but powerful opponents would rather fight than pay. -- Barred from using polygraphs, employers seek an integrity test...