Word: payoff
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...payoff, Filion's operation is relatively small-time. The vast majority of the 125 standardbreds he partially or wholly owns are inexpensive horses that he has picked up in claiming races.* In fact, Filion's admirers say, the "Little Iron Man"-as the cocky, compact (5 ft. 6 in., 150 lbs.) French Canadian is known-will race any combination of two wheels and four legs. One of Filion's alltime favorites was a horse called Rabbit, an equine outpatient that, as one railbird recalls, had "four lame legs and so many bone chips he sounded like...
...terms of its scientific payoff, the last Apollo mission will probably turn out to be the best. During their record 22 hours outside their moonship, Cernan and Schmitt collected some 250 lbs. of lunar rocks, more than any of the ten moonwalkers before them. They set up the moon's fifth scientific station and drove their battery-powered rover across 22.5 miles of the cratered valley. They took more than 2,000 photographs, and turned up what may well be the first positive evidence of relatively recent volcanic activity on the moon. Said Schmitt, the first scientist to walk...
...undergoing a radical transformation. Workers, particularly younger ones, are taking work more seriously, not less. Many may have abandoned the success ethic of their elders, but they still believe in work. Young and old are willing to invest more effort in their work, but are demanding a bigger payoff in satisfaction. The University of Michigan Survey Research Center asked 1,533 working people to rank various aspects of work in order of importance. "Good pay" came in a distant fifth, behind "interesting work," "enough help and equipment to get the job done," "enough information to do the job," and "enough...
...open bureaucratic doors, however, when a donor wants to be sure his case gets a fair hearing before some arm of Government. That feeling, more than any outright payoff for a proffered gift, probably was behind the Nixon Administration's error in the ITT controversy. Top ITT executives got to talk with officials in the Justice Department?an opportunity the small businessman, or the noncontributor, rarely gets...
Ability to Pay. But is the capital gains preference really a loophole? One reason capital gains get special tax treatment is that they often represent the payoff from investments made at considerable risk of loss. They may take generations to accumulate-and, says Treasury Secretary George Shultz, over any long period inflation is likely to make the true value of a capital gain much smaller than the gross sum that seems impressive on paper. Such gains are usually reinvested to build up more capital. Supporters of the present capital gains tax rule argue in addition that the levy should...