Word: payoff
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...Minister Without Portfolio Yvon Dupuis. The youngest (38) man in the Cabinet, Dupuis was also one of the best campaigners and was extremely well connected to Quebec party bosses. Now Le Devoir and La Presse, two Montreal dailies, were full of stories that Dupuis had taken a $10,000 payoff to help some Quebec race-track promoters get a franchise in his home district. All Pearson will say publicly is that he asked Dupuis, who loudly proclaims his innocence, "to relinquish his position." Pearson is unwilling to say anything more, despite opposition demands for a full and immediate explanation...
Purchasing power is increasing most rapidly for two disparate groups: the oldsters and the youngsters. Thanks to the payoff from their pension plans, stock market investments and Social Security, older people have both the wherewithal to spend and the feeling of security that inspires spending. U.S. families headed by men 65 or older now have net assets averaging $30,718. They have become active, productive buyers of everything from retirement homes to baubles for the grandchildren, are purchasing expensive durable goods as if they had 50 years to live, and will undoubtedly step up their spending when the Medicare bill...
...hearings only last week, Jordan actually forgot that he was chairman of the committee, cleared his throat and began: "Er, Mr. Chairman ..." A further example of general ineptness came when the committee tried to pursue the charge that Democratic Wheelhorse Matt McCloskey had indirectly made a $35,000 payoff to Baker. They put McCloskey's auditor on the stand, only to discover that they had the wrong auditor...
Anyone who has followed the Bob by Baker case even vaguely knows of charges of a political payoff to help finance the 1960 presidential campaign and of reports that Baker used shapely party girls to help smooth the way for his shady deals. Last week the fact that there was indeed a lot of loose change floating around -$35,000, to be exact-was confirmed beyond a doubt, to whatever purpose it may have been used. And the Senate Rules Committee, reopening its hearings into the Baker affair, also began pinning down some of that party-girl talk...
...testified that in 1959 Baker arranged an insurance kickback from Philadephia Contractor Matthew McCloskey, 71, former Democratic National Committee treasurer and Ambassador to Ireland under John F. Kennedy, who was then angling for the contract to build Washington's $20 million municipal stadium. McCloskey, said Reynolds, made the payoff by handing over $35,000 more than he had to on the premium on a performance bond for stadium construction...