Word: payments
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Dates: during 1960-1969
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...John J. Williams, for one, ventured: "This bill will see us through the 1966 elections. After that, look out." On the other hand, many Washington observers believe that the President will be forced to ask for more taxes in early Mayafter the pain of the April 15 income tax payment has partially subsided. In any event, most economists last week were in agreement with Walter Heller that "the fine mist of incipient inflation may be turning into light rain." It was time to break out the umbrella...
Chamberlain, most valuable player of the season in the N.B.A., shouted during the victory celebration in the '76ers dressing room, "I want the big title. This is just a down payment on the big one." Commenting on the game. Wilt said, "I don't think of the win personally. All it does it put about $3000 in my rocket...
Austerity in Appliances. Trying to stem inflation and hence to defend the pound, Wilson's government also stiffened the terms for consumer installment buying-for the second time in seven months. Minimum down payments on most appliances went up from 15% to 25%; in deference to Britain's climate the minimum for stoves and water heaters remained at 10%. Maximum payment times were cut from 30 to 24 months for appliances, from 36 to 30 months for furniture, from 30 to 27 months for autos. Television sets, which most Britons lease rather than buy, will require 32 instead...
...catch was that to the Lebanese, business means bartering, and bartering is both an art and an adventure. So MEA's chairman, Sheik Najib Alamuddin, proposed to the British that his company would make partial payment for the jets in the form of surplus Lebanese apples; this would work out very nicely for the sheik, who is himself one of Lebanon's biggest apple-growers. The British, however, did not like them apples. Another idea-forming a British Aircraft Corp. subsidiary that would lease the planes to the Lebanese-was dashed last week when the British government revoked...
...offered Muscovites unaccustomed to blended tobaccos West German cigarettes at 33? to 38? a pack. The West Germans had accepted Bulgarian tobacco in exchange for cigarette-paper machinery, processed much of the tobacco into cigarettes that were sent back to Bulgaria; the Bulgarians shipped them on to Russia in payment for more machinery. Sometimes, the trade is not so simple. Lebanon, burdened by a glut of apples, managed to swap some to Jordan in exchange for 40 army tanks, and would like to trade more to Britain in payment for VC 10 jets. Although the British are anxious to sell...