Word: payoff
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Dates: during 1980-1989
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...typical major case of bribery involves a large project in an industry that is highly competitive, but with little significant difference among the products. The size of the project allows both parties to hide the payoff in the price without undue notice. The number of competitors means that the seller and the buyer can more easily bargain for deals. These conditions, for example, are found in contracts for the sale of telecommunications equipment or aircraft and for most construction programs. Says Jules Kroll, a New York-based consultant on white-collar crime: "If there's only...
Nevertheless, foreign officials usually design schemes to hide the transactions as much as possible, since few, if any, are willing publicly to admit taking the payoff. Likewise, foreign businessmen are equally queasy about being discovered offering the gift in the first place...
White House economists concede-and the President duly warned the nation-that even if Congress passes Reagan's program intact, the payoff would not come overnight. The budget would not be balanced until fiscal 1984, a year later than the President originally hoped. In fiscal 1982 the deficit would be $45 billion, some $17 billion more than might have been expected under Jimmy Carter's tax and spending plans. (Reason: Reagan's tax cuts would temporarily lower revenues faster than his budget reductions would hold down spending.) The inflation rate would drop only from...
What in the end makes every Pudding Show a crowd-pleaser is the curtain-dropping kick-line. About halfway through the second act plot-lines begin to dissolve into a haze of anticipation; the audience gets restless waiting for the show's payoff. You forget about which actor played what part; they all don the same costumes, line up downstage, and dance. They kick, tap, waltz, jump, charleston--in Serfs Up! they even roll over and kick their feet in the air. This year's kick-line has excitement, surprises, and laughs, and even if the rest of the show...
...telescope will cost about $30 million a year to operate, more than any ground observatory. But the payoff should be enormous. Because of its power, as well as its ability to "see" frequencies of light obscured by the atmosphere, the space telescope will open whole new worlds to human experience. It may spot planets in orbit around other stars, something no current instrument has done. It should measure more accurately than ever before the distance to far-off galaxies-great islands of stars like our Milky Way. By glimpsing objects as far off as 14 billion light years, it will...