Word: planned
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Dates: during 1970-1979
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Pretoria carries on its grand plan for apartheid...
Venda is the third member of that "constellation" of black states envisioned by the late Prime Minister Hendrik Verwoerd as the keystone to the edifice of apartheid. Enacted into law in 1959, the homelands plan calls for the establishment of ten purportedly independent black states divided along tribal lines and scattered across South Africa. When complete, the scheme would crowd all of the blacks, who make up more than 80% of the South African population, onto a mere 15% of the land. The rest of the country, including most of its mineral wealth and all of its industrial regions, would...
...amount of economic aid can mask the racial basis of the scheme, which strips millions of blacks of their South African nationality as their tribal homelands become independent. The logical result of the plan, in the candid analysis of the former Cabinet Minister in charge of black affairs, Cornelius Mulder, is that "there will not be one black man with South African citizenship...
Already, just about every employ with a pension plan is having to pay soaring retirement costs. At Atlantic Richfield, the eighth largest U.S. oil company, the pension payout jumped from $60 million in 1976 to $80 million last year. The pension burden has become heaviest in the older capital-intensive industries such as steel, rubber and farm equipment, often because tough unions have increasingly asked for fringe benefits instead of simple wage hikes. Among other firms carrying particularly weighty pension loads are Uniroyal, Wheeling-Pittsburgh Steel and the Budd Co. A great many other firms have not taken care...
...promises in the past were so generous while funding was so skimpy that 99% of the town's property tax income now must be funneled directly into the police and fire pension funds to keep them afloat. One former city employee who contributed only $35 to his retirement plan when he was on the payroll has collected $280,000 in benefits since he finished working. Says Chester Pierce, Hamtramck's acting director of urban renewal: "Within the next 20 years, pensions will rival energy as the major problem facing the United States...