Word: payouts
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Dates: during 2000-2009
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...citizens had tried to secure a judicial order to halt demolition. But under pressure from the city government, the court allowed the wrecking balls to continue swinging. "Today, everyone's so concerned with making money that we think it's fine to tear down historic buildings for a quick payout," says Liu Bingkun, a lecturer at the China State Academy of Fine Arts. "But if we lose our history, what are we left with...
...fees paid as a result of the nationwide tobacco settlement between a number of states and the tobacco industry. The settlement compensates the states for the damage caused by cigarettes to their citizens' health to the tune of $200 billion over 25 years. As a result of the huge payout, the lawyers who represented the states in these cases and who negotiated the settlement stand to collect fees of more than $10 billion over the next 20 years. Bush's proposal, which has not yet been introduced in Congress, aims to take a substantial portion of those fees and give...
...more money than I did on the Super Bowl, none lost theirs as stupidly. On Nov. 10, I overheard my co-worker Josh Tyrangiel, who is from Baltimore, say he was going to put $10 down in Vegas on the Ravens' winning the Super Bowl, for a 20-1 payout of $200. Despite the fact that I knew nothing about the Ravens, oddsmaking, or, sadly, something called "the vig," I was convinced he was wrong and offered to be his bookie. Turns out accepting one bet isn't how most bookies make their living. Oddly, collecting garbage...
...situation looked even worse. The company says pension income may decline $238 million or more in 2001. Most investors probably aren't aware that Northrop--like a host of other companies--has been relying on proceeds from its pension funds (which retirees count on for a defined benefit payout) to contribute to more than half of the company's bottom line...
...really didn't begin until he gave up drinking in his 40s, took off suddenly when he got control of the Texas Rangers. Party elders started urging him to run for Governor. Jeb had already decided to run again, having made his millions (although W.'s $14.9 million sweetheart payout for his share of the baseball team gave him more, faster). Jeb told the New York Times--when his jokes turned up in W.'s speeches and when odious comparisons (like this one) became commonplace--how he feared that the brother thing could turn into a PEOPLE magazine story...