Word: payes
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Dates: during 1980-1989
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...industry's response was reluctant and myopic, chacterized by stalling techniques, disinformation, and a refusal to pay real attention to damage outside of Prince William Sound," Kelso told the five-member subcommittee of the House Interior Committee...
...peculiarly American idea that the social injustices of the past can be mollified with cash and property payments. In 1980 the U.S. Supreme Court ordered the Federal Government to pay some $122 million to eight tribes of Sioux Indians to make up for the illegal seizure of their tribal lands in 1877. Two years ago, Japanese Americans forced into internment camps during World War II were awarded checks for $20,000. Now some African Americans want cash compensation for the slavery their ancestors endured. "We call for reparations," declared a resolution passed at the African-American summit in New Orleans...
Mobil's decision was prompted by a change in U.S. tax law that was intended to drive American companies out of South Africa. Since last year U.S. companies can no longer deduct from their American tax bills the taxes they pay to the South African government. That change, which cost Mobil millions in 1988, finally broke its stubborn resolve to stay. Said Mobil Chairman Allen Murray: "This was a difficult decision because we continue to believe that our presence and our actions have contributed greatly to economic and social progress for nonwhites in South Africa...
...leaders, Takeshita indirectly received shares of cut-rate stock in Recruit, an aggressive information and real estate conglomerate. In all, Takeshita received more than $1 million in campaign contributions, stocks and secret loans from the company. The money went not to a personal account but to fund campaigns and pay staff salaries...
...cannot afford to go too slow in selling off the real estate, because the Government needs the proceeds to pay off S & L depositors and carry out the bailout, which is expected to cost more than $150 billion in the next ten years. Moreover, the Government has never proved to be an entrepreneurial manager of property, so the real estate it owns is likely to keep diminishing in value. Says thrift consultant William Ferguson: "Bad assets don't usually get better, they get worse. Buildings and sites deteriorate...