Word: cash
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Dates: during 1960-1969
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...order-though probably not as strong as the dose that Lester Pearson's Liberals last week readied for Canada. To "pace the prosperity" there, the government hopes to raise income taxes 8%, cut back government construction 10% and levy a 5% tax on industry's cash profits, refundable with interest 18 to 36 months after payment. In the U.S., Johnson's Republican opposition insists that the most effective medicine would be a cut in domestic spending. Accordingly, when a $2.5 billion money bill hit the House floor last week, G.O.P. Congressmen saw it as an issue...
Carbonless Paper. Microencapsulation was first used by the National Cash Register Co. in 1954 as a means of producing carbonless copying paper. One sheet of paper was coated on the back with a layer of microscopic capsules containing one chemical; the copy sheet was coated on the front with another chemical. When the two pieces were inserted in a typewriter or Teletype machine, the force of the keys hitting the top sheet broke the capsules, releasing the chemicals they contained. While the typewriter ribbon supplied ink for letters on the top sheet, the combined chemicals made an inklike copy...
...clearing up the debts remaining from its break-up with Russia. China has increased its trade with the West 44% in three years and earns $400 million annually as a basic supplier for Hong Kong. The Chinese pay for their imports, usually in hard cash, by selling what grows naturally: human hair for wigs, camel's hair for coats, pig bristles, soybeans and other vegetables, as well as pig iron and metal ores...
...financial markets last week, as the effort to borrow before interest rates went even higher turned into a scramble. Many of the new offerings paid interest rates higher than at any time since the 1920s. The Federal National Mortgage Association came in for a controversial $410 million. Cash-short corporations borrowed $226 million through bond issues, and municipalities tapped the market for another $112 million...
...Board of Directors voted Wednesday to keep paying members 10 cents on the dollar for cash purchases, and 8 cents for charge purchases through July, 1967. The refund is distributed each October...