Word: bonus
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Housing for the Aged. To encourage cities to admit elderly persons to public housing units, the Public Housing Administration would pay local agencies a bonus of $120 a year for every apartment occupied by persons 60 years old or older. What is more, the House bill adds $100 million to the current fund of $50 million for 50-year, low-interest loans (present rate: 3½%) to nonprofit corporations that build units for the elderly...
...Seeking a fast return on their $125,000 investment, the Kansas City Athletics sent Bonus Baby Lew Krausse Jr., 18, to pitch against the Los Angeles Angels only one week after they signed him, decided their money had been well spent when he won a three-hit shutout...
...Philadelphia in the 1930s, kept close tab on an 18-year-old Chester, Pa., sensation who pitched 18 high school no-hitters. Last week Krausse and the A's landed the boy. His name: Lew Krausse Jr. His price: a $125,000 bonus...
...contractor, which ones have to be speeded up to keep the project on schedule, and what the effect of speedups or delays would be on costs. And in a contract recently signed with RCA for the SAINT satellite-inspection system, the Air Force stipulated that RCA gets a bonus if the system is completed on schedule, lower profits if failures mount...
...Spurning pro football offers, Ole Miss's All-America Quarterback and Third Baseman Jake Gibbs signed with the New York Yankees for a $100,000-plus bonus. It was the largest bonus ever paid by the Yankees, topping the old record of $75,000 paid to Pitcher Ed Cereghino in 1951. Cereghino was a flop...