Word: payments
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Dates: during 1950-1959
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...Republican Governor Payne Ratner, a nervous, nose-grooming witness, partly explained what had happened. As Hoffa's attorney, he had visited Smith, used the leverage built up when Smith was state highway department counsel under Governor Ratner. ¶ As chairman of the Teamsters' Central Conference, Hoffa approved payment of $114,719 in salaries for four Teamster officials serving prison sentences. Furthermore, over a four-year period he approved a staggering $625,726 in legal fees for the defense of arrested Teamsters. ¶ A bitter 72-day Teamster strike in 1953 and 1954 against four Wichita, Kans. taxicab companies...
...Youth Group Bureaucrat Yevgeni Bugrov, 35, the delegation's deputy chairman, reported that "a whole series of aspects of U.S. higher education did not make a favorable impression on our Soviet students. Payment for the privilege of studying seemed a very peculiar phenomenon to us." Tuition costs "of $150 to $450 a semester" make higher education hard to obtain for "children of workers and peasants...
...after the market hit a 1958 high of 510.33 on the Dow-Jones industrial average, the Federal Reserve Board joined the ranks of the worriers. Noting that customer credit had increased by $746 million in the first half of the year, it raised margin requirements (i.e., the minimum cash payment required on stock purchases) from 50% to 70%. While the Fed thought its action would act as a damper on speculation, changes in margins have usually had almost no effect on the market (see chart). After a brief dip last week, the market closed the week at 510.13, only...
...Furthermore," added the President, "this very evening, two hours ago, the Soviet ambassador brought me an offer from his government to sell Argentina $100 million worth of equipment, taking raw materials as payment...
Spin-Off. In Hillisburg, Ind., Mrs. Burl Carter, operator of a family-owned furniture store, accepted a used living-room set in part payment for a new set, sold the used furniture for three frogs' legs and a quart of gooseberries...