Word: reapings
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...government's tight money policy and crackdown on black marketeers, are down. Moreover, the government announced last week that the emergency had produced one windfall: voluntary disclosures of "black money" (undeclared and untaxed income) have so far amounted to $1.7 billion. Of that, the government will reap $350 million in taxes-which will just about wipe out the current budget deficit...
...months of delay, last week took up the emotional subject of how much gas prices should be allowed to rise in order to coax more gas out of the ground and into pipelines to consuming states. At stake were billions of dollars that gas producers and pipeline operators might reap in higher prices, the jobs of workers in industries dependent upon gas, and the comfort of millions of home dwellers. Oklahoma Republican Dewey F. Bartlett warned that if the Democrats succeeded in keeping prices under tight control, gas producers would sue "to seek redress of grievances for confiscation of private...
...their contention that the success of an ethnic group depends on its "socially established values," that groups end up at the bottom of the social ladder because their beliefs and attitudes are different from those of the leaders of society. The groups whose norms best approximate "normal" values reap the rewards; others suffer the punishments. So, if Chicanos happen to get put in the fields all the time, it must be because they perceive the world differently from the Gallo brothers. In a way it is their own fault for thinking like that. If this seems a conservative conclusion, remember...
...independents would suffer another penalty: the allocation program that forces the majors to share some domestic oil with them would expire along with the controls.) A delay in price boosts would be especially likely if Congress votes to tax away most of the "windfall" profits that oil companies would reap from the increases. President Ford proposed a windfall-profits tax as part of his program for gradual decontrol. Congress has not yet acted, but Al Ullman, Chairman of the House Ways and Means Committee, said last week that if all controls on oil prices lapse his panel would devote...
Series of Gestures. The reopening of the canal, after 13 months of debris-clearing and demolition by an international salvage team, was a significant event for the merchant fleets of the world as well as for Egypt, which hopes to reap about $450 million a year in canal tolls. More important, it was only one of a series of diplomatic and political gestures that together marked as auspicious a week for peace as the Middle East has witnessed since the end of the October war. Shortly before the canal reopened, Sadat spent two days in Salzburg, Austria, for his first...