Word: payments
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Dates: during 1970-1979
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...proposal's only commitment was to the principle that the government make an annual payment to "every man, woman and child" in the country. This payment, the proposal stated, would replace the present welfare system and would serve to re-distribute income from the top to the bottom--and to many in the middle class...
...already too late. The proposal was permanently stained. From mid-June on, a task force of economists made an intensive computer study--the kind that should have been made before McGovern made a specific proposal--of a large variety of plans based on the "demogrant" or annual payment principle. But by early August, it was clear that the demogrant could not be made to fly; it was too expensive and raised too many technical questions which could not be satisfactorily resolved or explained in the campaign...
...indictments say that by October, as the presidential election neared, Vesco was threatening that he would disclose the secret payment unless stiffer action was taken to delay or halt the SEC inquiry. Sears phoned Mitchell to pass on the threat. In November, presumably just before the election, Vesco sent a memorandum to Donald Nixon, the President's brother.* In the memo, Vesco again warned that he would reveal the details of the contribution unless all the SEC charges were dropped...
...they will eventually employ some 90,000 Taiwanese workers in 150 enterprises. Foreign investors are also lured by cheap labor costs-one-third to one-fourth lower than in Japan-and velvet-glove treatment by the government. Foreign companies can buy factories built by the government on generous deferred-payment terms, and they encounter no red tape when they want to send their profits back home...
...Creditors of the old Rolls-Royce Ltd., which went bust in 1971, may be less pleased. They will get the proceeds from the stock sale, but those will fall far short of clearing the $300-odd million in debts that the company ran up building advanced-design aircraft engines. Payment of the rest will have to await a settlement from the British government, which nationalized the jet-engine operation...