Word: payout
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Although the endowment has decreased over the past two years, its payout has increased in recent years, with endowment spending rising annually in the last decade. In FY97, pay-outs added up to only $328 million compared to last year’s total of more than twice that amount...
From a practical point of view, Feinberg's ability to help claimants is limited. A few of the fund's more controversial regulations--the litigation waiver; life insurance must be deducted from any potential payout--were designed by Congress. But how much each family receives is at Feinberg's discretion. Claimants can appeal Feinberg's decision--to Feinberg or to one of 30 specially appointed hearing examiners--or they can reject it and sue, although Congress has stacked the deck against any lawsuit's succeeding. Congress also neglected to put a cap on how much Feinberg can give the families...
...lone child-care provider and have yet to return to work. In the days before the first awards were handed out, Feinberg, who usually sleeps four hours a night, was down to just three, fretting over the fact that the families will receive his judgments not just as a payout but as an epitaph for their loved ones. "It's very, very important that I be fair," he says. "If I am--and I think I will be--I think 90% will come to the fund...
...billion to $6 billion Expected total payout of government compensation to victims' families...
...magazine made a pact with ROSIE O'DONNELL to become Rosie, it was as if Enron got the right to change its name to John Wayne Energy: a really sweet rebranding opportunity. But Rosie's publishers are fighting with the ex-talk show host, who gets a big payout if the magazine is a success, over how much say she should have in matters of content. Angry notes and behind-the-scenes sniping from both sides have turned up in the press, as have some unusual story proposals attributed to O'Donnell. Among the contested ideas: printing photos...