Word: cashing
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Dates: during 1950-1959
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...Business. But if Jim Patton's N.F.U. is big political business, it is also big money business, with a vested interest in high farm subsidies-the higher the better. The N.F.U.-founded Farmers Union Grain Terminal Association is worth $33 million, reaps about a $3.5 million cash harvest each year in Government payments for storing grain surpluses stimulated by N.F.U. high-subsidy policies. Among other N.F.U. interests...
...front runners reap reasonable rewards. Such pros as Patty Berg and Louise Suggs have profitable contracts with sporting-goods manufacturers, and their tournament winnings (as much as $20,000 a year) more than cover their expenses. But once they start losing, they, too, will have to start scrambling for cash...
...within a year, as the tax cut helped push the boom forward once more, revenue was up $7.8 billion. Those in favor of a tax cut contend that it is a more effective spur than a public-works program. A tax cut can be made fast, putting cash directly into pockets for spending on consumer goods in about two months, thus quickly affecting production. A public-works program takes time to get started, may have no effect until the economy has turned up again-and then contributes to inflation...
SOIL-BANK HANDOUTS will be boosted from $500 million to $750 million this year because so many farmers rushed to cash in on acreage reserve program, scheduled to expire in 1959. Boost will cut market for farm labor and supplies, pinch many rural merchants. Example: in Georgia each dollar paid by soil bank will take an estimated $3 to $5 out of circulation in farm towns...
...Turkey last week U.S. buyers of the new tobacco crop found their hard-cash deals being squeezed by satellite countries. Americans buy at the official rate of 2.8 liras to the dollar. The Communists pay in barter deals at a rate of 14 to 15 liras to the dollar-covering the cost by boosting prices of their goods. Much of the Red-bought tobacco does not go to satellite citizens, but is eventually sold in the U.S. for dollars. Since U.S. companies have recently found a better, cheaper tobacco in Greece, they are not worried by Red competition in Turkey...