Word: annually
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Dates: during 1960-1969
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...site system the Administration has proposed, Laird estimates the price at $10.8 billion. Officials point out that annual review of the need for the program could cut the project off long before that much is spent. ABM critics argue, however, that the final cost will turn out to be much higher. They fear that Safeguard may be only the first segment of a greatly expanded "thick" deployment. Senator Stuart Symington of Missouri, a former Secretary of the Air Force, has put the cost of such a system as high as $400 billion, although even many of Safeguard's detractors...
...best news is the prospect of increasingly stable prices. Government economists figure that the rate of rise in living costs may go up in the next few months because of seasonal factors, but that the index will be advancing at a fairly steady 4% annual rate at year's end. They expect the Government's anti-inflationary moves to have worked their restraints on prices by then, if not earlier...
...Among other things, the consumer must be informed in advance of the exact amount of any loan or credit, including insurance premiums, any excess of an installment price over a cash price and the exact length of time he has to pay. He must also be told the precise annual interest charge. In most cases, creditors must also disclose how much total interest the consumer will have...
...Anaconda Co., the world's biggest copper producer, refused two years ago to sell Chile any portion of its huge Chuquicamata and El Salvador mines, the source of 61% of the company's annual production and half of its earnings. Since then, the Latin American political winds have shifted. Last week Anaconda management decided that paid-for nationalization of the two mines, offered by moderate President Eduardo Frei, was better than the outright expropriation that Chilean leftists were demanding...
...company agreed to sell Chile 51% of its mines on next Jan. 1 for about $200 million. The remainder is to be sold after 1972 for a price still to be determined. Anaconda will continue to manage the mines for an annual fee of approximately 1% of sales, or roughly $5 million...