Word: a-year
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JOHN L. Lewis' miners, unlike most other citizens, have never been forced to pay taxes on their $1,200-a-year pensions. Last week the Bureau of Internal Revenue ruled not only that the 60,000 pensioners must pay (retroactively to 1948) but that investment income ($768,967 last year) from the U.M.W.'s $90 million welfare fund will be taxable in fiscal...
...Fired Josiah Marvel Jr. and Raymond S. McKeough, Truman-appointed members of the International Claims Commission, which handles claims of U.S. investors whose property has been nationalized by foreign governments. Marvel and McKeough, who had refused to resign their $15,000-a-year jobs after the election, had settled only 132 claims in more than three years, still had 1,000 pending...
...determined to tell the unvarnished truth. He had worked for the Anaconda Copper Mining Co. and its subsidiaries for 34 years. The Truman Administration had brought him to Washington in late 1951 as minerals chief in the Defense Materials Procurement Agency. Lyon added that he draws a $5,000-a-year pension from Anaconda and that the pension is revocable at the will of the company. At that bit of information, Senators' eyebrows shot up. Washington's Democratic Senator Henry M. ("Scoop") Jackson said the fact that Anaconda could revoke the pension would put Lyon "at the mercy...
...After winning three Air Medals for flying 38 missions in Korea, Marine Captain Ted Williams, 35, on military leave from his $100,000-a-year job with the Boston Red Sox, was ordered back to the U.S. In order, Panther-Jet Pilot Williams is expected to receive 1) treatment for a stubborn ear-and-nose ailment, 2) his release from service. Baseball? Says Ted: "It [will] be one tough struggle to get back into shape...
...president of the First National Bank of Portland, was appointed chairman of California's Transamerica Corp., replacing James F. Cavagnaro, 69, who retired. Apparently because new Chairman Belgrano was given executive powers equal to his own, Transamerica President Sam H. Husbands, 62, promptly resigned his $75,000-a-year job in a huff. Belgrano, the son of the president of San Francisco's Banca Popolare Fugazi (one of the foundations of A. P. Giannini's Bank of America empire), was a $35-a-week messenger for the Bank of California in 1916, served as a 2nd lieutenant...