Word: payments
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Dates: during 1970-1979
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...land cannot be returned to its original use. Farmer Harold Oberlander of New England, N. Dak., had an experience that has been repeated many times elsewhere. When he came home from his 2,000 acres of wheatland one day last year, a coal-leasing agent offered him a down payment of $10,000 cash, plus royalties on the coal eventually to be mined, if he would sign on the dotted line. It could have been the easiest money Oberlander had ever seen, but he refused it. "We've got some of the best land in the world," he says...
...magazines, describing Lockheed's Super-TriStar as "the most intelligent aircraft I've ever flown." But Cathay Pacific found that Smith was the official identified in Church subcommittee documents as receiving $80,000 in Lockheed money from an "unidentified British agent living in France." He got the payment for helping Lockheed sell planes to other lines...
...foreign as well as American markets help to keep down the prices that the Pentagon itself pays. But military officers cannot help knowing that in some of the countries in which they are pushing American weapons, bribery is routine. There is no evidence that the Pentagon has actually encouraged payment of bribes to expand exports of arms, but it has been tolerant of agents' fees...
Until the Lockheed revelations, the payoff with the most explosive consequences was United Brands' 1974 payment of a $1.25 million bribe to a high official in Honduras to reduce an export tax on bananas. The bribe was uncovered by an SEC investigation into the suicide of United Chairman Eli Black, who swung his briefcase to smash a hole in a window of his office on the 44th floor of New York City's Pan Am Building and then jumped to his death. The disclosure helped bring on a Honduran coup that overthrew the government of President Oswaldo...
...where houses sell for up to $150,000; the bestselling models now are priced between $30,900 and $34,900. The houses (1,085 sq. ft. to 1,275 sq. ft. in area) have three bedrooms and two baths and, their realtor boasts, "no unusable space." After a down payment of roughly $1,500, the owner pays about $300 a month on his mortgage. Fox & Jacobs, an aggressive building firm, sells its slightly bigger Dallas-area homes (1,230 sq. ft. to 1,407 sq. ft.) at prices ranging from $20,450 to $24,750; they also have three bedrooms...