Word: billing
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Dates: during 1950-1959
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...President Eisenhower's desk for signature this week: a bill providing the largest company health-insurance program in the country. Eligible: 2,000,000 federal employees and their families, who may choose just about any kind of medical plan they want, either Blue Cross-Blue Shield, insurance company indemnity plans, or a special group-practice plan with a contracted pool of doctors. Scheduled to go into effect July 1, 1960, the new program will cost $222 million annually, to be shared in most cases on a fifty-fifty basis by the Government and individual civil servants...
...student is what parents figure as the median annual cost, and 16% estimate their total family bill as more than...
...Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before, it easily jumped over the new 4% discount rate set by the Federal Reserve to stop banks from taking advantage of the lower discount rate...
Died. Howard Gould, 88, third and last surviving of the four sons of Railroad Baron Jay Gould, a yachtsman and globetrotting chum of European royalty who developed a weakness for actresses, married a jaunty member of Buffalo Bill's circus troupe named Katherine Clemmons who in 1909 enlivened a separation trial by complaining that it was hard to dress well on $40,000 a year; in Manhattan...
Much less successful at Harvard are Newsweek (a sixth read it), David Lawrence's conservative U.S. News and World Report (an eighth), Max Ascoli's Reporter (a tenth). Only a twentieth read either the liberal Nation or New Republic, and a mere handful look at Bill Buckley's infant National Review...