Word: portioning
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Dates: during 1980-1989
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Clifton C. Garvin, Jr., chairman of the Exxon Corporation, will chair the management portion of the group and Lane Kirkland, president of the AFL-CIO, will head the labor segment...
Lewis had his own way of processing tickets. He would fill out a ticket for, say, $100,000. The credit portion of the form would be deposited in a MAPS account in Beverly Hills, with the notation that the money was coming from a MAPS account at another branch, for example, the Wells Fargo Santa Monica office. But Lewis would hang on to the debit page of the ticket and not forward it to the Santa Monica branch at all. In this way, the funny money in the MAPS Beverly Hills account could go undetected for five days...
...identifies the shameful shortage of minority faculty, but offers no solution besides "vigorous" recruitment. He neglects to note that since 1972, the available number of qualified Black PhD's has doubled while Harvard has failed to double its tenured Black professors. And, in the most heavily-qualified and tentative portion of the letter, Bok says he "will advocate support" for the recently proposed Foundation, "modestly at the beginning" and only "if there is genuine interest in this project...
...fact, Kemp may have misunderstood what the President was proposing. (Said one White House aide: "There are worse things than having daylight between this Administration and Jack Kemp." Kemp is widely regarded as a tax-slashing zealot.) For a married couple, the 50% rate now applies only to that portion of taxable income above $60,000 a year. Under the President's plan, the 50% rate by 1984 would apply only to taxable income exceeding $215,000-a level of wealth claimed on only three-hundredths of 1% of all tax returns, according to Treasury Secretary Donald Regan...
...reaction that counts, of course, will come in Congress, and Administration officials were deep in plans to counter any foot dragging. David Stockman, Director of the Office of Management and Budget, plans to hold daily press conferences this week, flanked by Cabinet officers who will defend and explain their portion of the spending cuts. White House officials are making themselves available for a blitz of TV appearances, and their Cabinet colleagues are setting up to brief press and special-interest groups...