Word: payments
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Dates: during 1970-1979
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...program is certainly also a major cause. Construction of warships has fallen a year or more behind schedule, and relations between the service and its major suppliers have sunk to their lowest point in many decades. The Navy, in fact, has been slapped with claims demanding $2.7 billion in payment for cost overruns by the nation's major shipbuilders?General Dynamics' Electric Boat Division, Tenneco's Newport News Shipbuilding and Dry Dock Co., and the Ingalls Shipbuilding Division of Litton Industries...
...been a problem, but increasing numbers of banks and mortgage lenders now offer solar loans. The New England Merchants National Bank of Boston recently introduced a maximum $10,000, low-interest Energy Saver's Loan, and the San Diego Federal Savings and Loan Association offers low down-payment mortgages for new houses that use some form of solar power. The Bank of America has made about 2,000 loans, totaling more than $3 million, on its solar financing program, almost all of them in California, where Governor Jerry Brown's ambitious program of state income tax credits...
...economy. The standout one is the field of health care; Carter noted that daily hospital charges have rocketed from $15 in 1950 to more than $200 now, and doctors' fees have risen much faster than other consumer prices. One big reason: Government and private health-insurance plans guarantee payment of "reasonable and customary" fees, which in practice has meant just about anything that a doctor or hospital can get away with. Carter last week pleaded with Congress to pass a bill he sent up last year setting a ceiling on the increase in revenues that any hospital could reap...
When McLean makes these modest pronouncements the most jaded students of high-stakes business sit up and listen, carefully. His record for earning money is awesome. Starting back home in North Carolina in 1934 with a down payment of $30 for a secondhand pickup truck, McLean built a substantial trucking concern and made millions. With additional backing from Ludwig, whose National Bulk Carriers operates supertankers, McLean founded Sea-Land Service, Inc., which grew into the nation's foremost containership operation. In 1969 he sold Sea-Land to Reynolds Tobacco for about $500 million. Then through his solely owned McLean...
...magazine called Argosy. His fee: $500. Talese went on to bigger things (a total of $1 million from The Kingdom and the Power and Honor Thy Father, a $600,000 advance for his major book on sex, due in 1981), but Argosy did not. It's stated top payment for an article, some 20 years later, was still...