Word: payment
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Dates: during 1990-1999
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...reacted to this news by slashing all its transatlantic fares 15%. For its part, Pan Am gets to stay in business, at least for now. Already in Chapter 11 proceedings, the carrier might have been grounded without the cash that will enable it to meet a $100 million debt payment...
...that he can no longer threaten neighboring countries. The gulf states have an interest in maintaining Baghdad's sovereignty: a fragmented Iraq could give a resurgent Iran the chance to dominate the region. For the allies, the issues of putting Saddam on trial for war crimes and of Iraqi payment of reparations to Kuwait still need to be settled. Although he remains a hero to many of his followers, Saddam has probably ceased playing an effective role in Arab politics. Even such supporters as Jordan and the Palestine Liberation Organization are distancing themselves from Saddam in defeat...
Like it or not, Iran will insist on a role in the region as payment for its restraint. Iraq's weakness makes Iran stronger, threatening the old balance of power among the big Middle Eastern states. A more confident Tehran could clash with Saudi Arabia over oil-pricing policy. But the country needs Western cooperation to resuscitate its economy, and the U.S. hopes that will encourage continued good behavior...
...Willie Nelson is on the road again, it may be because he has no place else to go. Last week the Internal Revenue Service auctioned off two of the country singer's homes, taken as partial payment of back taxes and penalties. The agency sold Nelson's Evergreen, Colo., retreat for $650,000, and his ranch in Dripping Springs, Texas, went to Nelson supporter John Arens for $203,000. The IRS claims that Nelson owes the government a total of $16.7 million for failing to file tax returns from 1975 to 1977 and for taking invalid deductions. The singer...
Cabs and medallions are usualy viewed by drivers and banks as a good investment, Lahaie says. Once an owner finishes payment on a cab he or she can operate at a significantly greater profit, Lahaie exlains...