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Isidore and Joan Schwartz of East Lyme will celebrate their anniversary in New York at the Waldorf-Astoria, according to this report from the Associated Press, and they will pay the same rate they did on their honeymoon 60 years ago, $16.80, for a room that usually goes for more than $300. They still have the original bill. Turns out the hotel has a promotional rate for these situations.
Maybe some members of the Mashantucket Pequot tribe should look around for old Waldorf bills. Some of them could probably use a deal or discount these days. Brian Hallenbeck reports here that individual tribal subsidy payments are coming to an end.
The tribe then introduced the Transitional Income Supplemental Payments program in January 2011 as a way to offset the loss of income for the approximately 450 adult tribal members.
According to sources, the first transition payments amounted to about $1,500 a month and have progressively decreased over the past year.
The highest transitional payments were no more than one-fifth of what the incentive payments once were. In the summer of 2009, when news of the financial crisis broke, the incentive payments were said to range, on average, from $7,500 to $10,000 a month.
Now that's an end of an era.