Word: refundings
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...value, usually 5? or 10?, but also a handling fee that may be as high as 5? and is mostly profit for the store. Most shoppers would probably find the supershopping routine very exhausting. Samtur spends five hours a week clipping coupons, filing cents-off labels and mailing out refund requests, which average 100 a month. She tears labels while watching TV; when she takes her children to the doctor, she cuts coupons from the magazines in the waiting room...
...headquarters of NIH, Cohen got a more sympathetic response. After an NIH audit, the agency hit Harvard for a refund of $132,000. "Most of Cohen's allegations had substance," says NIH Division Manager James Shriver. "When we completed our investigation of his activities, Harvard made restitution almost immediately." But NIH was sufficiently aroused to ask for a broader investigation by the Department of Health, Education and Welfare. HEW's preliminary findings, released earlier this year, hit Cambridge like a ton of red tape: HEW auditors questioned the way Harvard accounted for 40% of $37 million in federal...
...Summer School student is threatening to sue the University because the Summer School will not refund $775 in tuition although he attended only three days of the one full course he planned to take. The student, William M. Vazquez '81, decided not to take Latin S-Aab when he did not get enough money from relatives and financial aid sources...
However, Vazquez gives a different account of his conversation with Shinagel. He said, "I submitted two written complaints. One to the ad hoc committee (in the Summer School to review refund cases) and one to the Administrative Board. When he told me to do that (submit a written complaint), I told him that I had in fact already submitted those letters. He then said, 'Well I stand by the decision of my colleagues...
Congress might place limitations on the refund, but if Chrysler really loses $400 million this year, it could collect as much as $186 million. That is the amount it might have had to pay on a $400 million profit, assuming the usual 46% corporate tax rate. If Chrysler makes money again, it would not be able to offset those earnings with this year's loss, and the Treasury would start to get its money back from Chrysler's higher taxes. A dispensation from the loss carry-forward provisions stands a fair chance in Congress...