Word: payes
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Dates: during 1980-1989
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Members of Congress pocketed $7.5 million in honorariums last year, often for delivering speeches at luxurious resorts. Last week a presidential advisory commission recommended a ban on this lucrative sideline, but at a price: a 50% increase in the lawmaker's salaries, to $135,000, along with pay hikes for the judiciary and top Executive Branch officials...
Here's the latest holiday idea from New York, the city with the big heart: charging rent for beds in shelters for the homeless. Last week Mayor Edward I. Koch proposed that homeless persons who either have jobs or receive some kinds of welfare checks pay up to 30% of their income for a cot in one of the 24 city shelters. If the program gets under way at the beginning of next year, 2,400 of New York's estimated 10,000 shelter dwellers would be affected. Those with no income could continue to live in the shelters without...
...that could become a deterrent to corporate raiders. The firms will buy back as much as $5.6 billion worth of their shares with so-called unbundled stock units: packages that include a bond and two new types of securities. Partly because the new packages will allow the companies to pay less in taxes, investors might bid up the price of the new units. Raiders, Wall Streeters believe, might resist paying such a premium, thus foiling takeover bids...
...Seattle during 1985 found that of the $2.7 million they incurred in medical bills, 63% was paid for out of public funds. Says John Cook of the Insurance Institute for Highway Safety: "This is a social issue. When you have a seriously brain-injured person, all of us pay...
...mill's workers needed help developing proficiency in math and English. So, at a cost of $15,000, Gregory asked the nearby Umpqua Community College to provide , instruction. Says he: "We're spending millions of dollars to modernize the mill. It just didn't make sense to pay for that without providing training for basic skills as well...