Word: payes
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Dates: during 1980-1989
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Take the existing federal gasoline tax. Anyone can understand it. At a flat 9.1 cents per gal., it's easy to collect and reasonably fair, since the more you use the roads, the more you pay for them. It also discourages things we want to discourage: dependence on foreign oil, the trade deficit, pollution and traffic. As taxes go, this one's a winner...
...allow Viet Nam to win through political means what it failed to achieve militarily. Prime Minister Lee Kuan Yew of Singapore says that Hun Sen must legitimize his rule in a free election. "Any other way of leaving Hun Sen in charge," says Lee, "would mean that aggression does pay...
...Sony put a new twist on this Hollywood strategy by plunging into the movie business as a way of selling its expanding video technology. In the largest-ever Japanese takeover of a U.S. company, the electronics giant (fiscal 1989 sales: $16 billion) snapped up Columbia Pictures Entertainment, agreeing to pay $3.4 billion and assume $1.2 billion in debts. Coming less than two years after Sony's $2 billion purchase of CBS Records, the acquisition completes the transformation of the maker of Walkmans, televisions, stereos and videocassette players from gadgeteer to master showman. Sony now hopes to market American pop culture...
While outsiders often have trouble adapting to Hollywood's insular ways, Sony appeared decisive and savvy last week. Columbia CEO Victor Kaufman and chief operating officer Lewis Korman announced that they would be leaving once the deal was set. At the same time, Sony said it agreed to pay $200 million to buy Guber-Peters Productions. One of the hottest producer teams in Hollywood, Peter Guber, 47, a former Columbia production executive, and Jon Peters, 42, who got his start as a hairdresser to the stars, produced Rain Man for United Artists and Batman for Warner Bros...
...additional $250 million in Pentagon contracts was laundered through the Department of Energy and the Oak Ridge National Laboratory in Tennessee. The Energy Department's inspector general, John Layton, said contracts at DOE were drawn so loosely that the department was forced to pay fully even when contractors defrauded the Government. Since January, 22 people, mostly defense contractors and consultants, have pleaded guilty to or been convicted of a variety of charges in the so-called Ill Wind investigation into procurement abuses...