Word: paying
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Dates: during 1970-1979
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...House staffers and members of the Energy Department have formed subcommittees to pursue 13 different goals, including winning approval of the synthetic fuels bill and the windfall profits tax. Last week Carter proposed using $1.6 billion of the projected revenue from the tax next winter to help poor people pay the rising costs of heating their homes...
Still, Chrysler's working capital -the difference between current assets and current liabilities, which is one measure of its ability to pay its bills from its own resources-has dropped from an acceptable $1.1 billion early this year to a weak $800 million in June. The figure now is still lower, and stock analysts predict that it could shortly fall below $600 million. That would violate the fine print of the company's 1977 revolving credit agreement with some 180 banks and could place it in technical default on $567 million in debt...
Congress can also consider that if Chrysler fails, the federal Pension Benefit Guaranty Corp. may have to assume responsibility for about $800 million in insured but unfunded pension obligations to the auto company's employees. "That would be catastrophic," warned one agency official. To pay the bill, the PBGC would have to get special congressional approval to raise the fees that it charges for insuring other companies' pension funds...
...catalyst made of iron and other substances. This catalyst transforms the gas into liquid oil. Production costs amount to $17 per bbl. That is well below the OPEC price of around $20 per bbl. and much less than the $31 per bbl. that South Africa would have to pay on the spot market...
...from trucks or stolen from warehouses. The rest is distress merchandise that has not moved on the store shelves and is dumped at large discounts to middlemen, who field it out to street hawkers. City governments are trying to collect sales taxes from the vendors, but the vast majority pay nothing...