Word: payments
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Dates: during 1970-1979
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...Mennonites got their first crop in, but it was not much of a crop. For one, oil companies owned the water rights to the greater part of their land, and that limited their ability to irrigate. They could not meet a $225,000 mortgage payment. This month the ranch was put up at public auction, and former Owner Dennis Nix and his bank bought it back for $1,151,000. After losing most of their life savings, the Mennonites still face deportation, since it is considered doubtful that Bentsen's bill will pass...
...each of the next two years, bringing them up to $11.25 per hour in 1981. They will also get an additional $1.09 for benefits, like health insurance. Assuming an average inflation rate of 6% over the next three years, as the Administration optimistically does, the cost of living payment would add another 830 and bring the total wage and benefit increase for the contract to $3.42 an hour...
...main sticking point is the cost of living clause. The industry has offered the drivers a boost equal to 65% of the rise in the Consumer Price Index, to be paid on an annual basis. The final payment would not be made until the fourth year and would not be counted in the three-year package. The union insists on getting the increase twice a year, with the next-to-final payment falling due in the third year. That would lift the overall settlement two percentage points above what the Government is willing to accept...
...tough, sometimes prickly defense of CBS News against pressure not only from the network's own entertainment-first programmers, but also from White House officials who were outraged over coverage of Watergate and the Viet Nam War. One of his greatest regrets, says Salant, was authorizing payment of a reported $50,000 to ex-Nixon Aide H.R. (Bob) Haldeman in 1975 for two hour-long-and unilluminating-interviews...
...bill to give teachers a 9% raise this year, prompting protests from both Governor George Busbee and White House Inflation Fighter Alfred Kahn. So last week the state senate mounted an effort to deflect the anger but save the increase: it voted a 10% raise bul split the payment in two−a 7% boost beginning next September and 3% in January. Illinois legislators voted themselves both a 25% raise this year (to $25,000) and a further 12% increase for next year. The commissioners on the board of Cook County, which includes Chicago, voted themselves a 30% raise...