Word: ployes
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When the U.S. Senate gave initial approval last week to a $1 trillion budget that includes an $18.3 billion tax increase, it did not specify precisely how those new levies might be raised. One ploy Congress is almost certain to consider, though, is a steeper "sin tax" on such items as alcohol and tobacco. A congressional study has estimated that raising the federal excise tax on each bottle of wine and six-pack of beer by around 50 cents could swell coffers by more than $4 billion, while a 16 cents increase on each pack of cigarettes could bring...
...scheme was known as Operation Pisces, and Attorney General Edwin Meese last week hailed it as "remarkable." So it was: the largest and most successful undercover ploy in federal drug law enforcement history. Acting simultaneously in Los Angeles, Miami and New York City, U.S. Drug Enforcement Administration officials reeled in some 80 smugglers, dealers and middlemen, and issued arrest warrants for about 35 more. An additional 351 people had already been nabbed on the basis of tips from the three-year operation. About $49 million in cash and property, along with 19,000 lbs. of cocaine with a street value...
...pilots' ploy obviously intrigued Wall Street. The price of the Elk Grove, Ill.-based company's stock rose from 59 on Monday to close out the week at 72 3/8. One of the main beneficiaries was New York City Developer Donald Trump, who had amassed just under 5% of the firm's shares, which may make him UAL's largest individual stockholder. Trump, 40, helped set the takeover rumors racing when he joined the pilots in criticizing Ferris' management approach. He also scorned the company's name change, which is expected to cost UAL about $7.3 million. Allegis, Trump said...
...many observers, the banks' decision to reclassify Brazilian loans is as much a negotiating ploy as a financial move. Brazil may have hoped that the prospect of forgone interest income and sharply reduced bank profits would force U.S. lenders to give in to its demands for easier terms. But now that several major banks no longer assume they will receive Brazilian interest anytime soon, the debtor's threat to withhold payment indefinitely is less menacing. Says one banker: "We are saying to Brazil, 'We can survive.' " New negotiations begin this week in Manhattan between representatives of U.S. banks and Brazilian...
...until there is a full accounting by the Administration of money, both public and private, generated on behalf of the rebels, including $27 million in humanitarian aid sent in 1985. The measure, which would withhold the $40 million remaining of the $100 million appropriated last year, was an artful ploy linking opposition to the contras with congressional disgust over the Tower commission's revelations about the Administration's inept and probably illegal efforts on behalf of the contras. "Before we send another dime to the contras," said the bill's chief sponsor, Democrat David Bonior of Michigan, "we must know...