Word: unpaid
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...made and cut into two-inch strips, then handed them out without comment to reporters who had lined up. The sentence read: "I do not choose to run for President in 1928." Strout resents the later advent of TV coverage of press conferences, which turned reporters into "reluctant, unpaid Hollywood actors, encouraging the exhibitionists...
...should be surprising: Harvard is notoriously good at calling on its alumni in times of need. What is surprising is that radio networks were moved to assist it so enthusiastically. Harvard paid for the original March 28 broadcast on CBS, but the NBC rebroadcast on April 29 was "an unpaid-public service program." The fundraising plea, so flimsily masked as an argument for American colleges in general, fooled a national radio network. Why? The $82.5 million drive was something of a news event. It was unprecedented for a college or for any public institution, explains Communications Director of Harvard...
...ways to borrow money, few are more expensive than running up a big bill on a credit card. In most areas of the U.S., the cards issued by banks, department stores and oil companies typically carry an annual Interest rate of 18% to 21% on unpaid balances. A few lenders at the high end of this range have now decided to give their customers a bit of relief. The Bank of New York, for example, said last week that starting May 1 the rate it charges Visa and MasterCard holders will drop from 19.8% to 18%. InterFirst Corp., a holding...
...number of states have started crackdowns. Illinois hired 240 auditors and collectors last year, and increased the penalties for evading taxes from six months in jail and a $500 fine to one year and $1,000 for first-time offenders. It was able to collect $119.5 million in unpaid taxes and identify another $137 million owed. So far this year, it is doing even better, collecting $86 million and finding $78 million more in arrears. After adding
...tempts many to cheat. Says a Finance Ministry official: "The imagination of the German taxpayer knows no bounds." One fertile field involves the 2 million foreign workers, who are often paid in cash for construction jobs. All told, the "shadow economy" costs the authorities an estimated $10 billion in unpaid taxes, but the less imaginative Germans dutifully pay far more: $156 billion...