Word: coin
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...knowing how many) develop a preference for one of the houses. In the past, they were required to state their first, second, and third preferences, on their applications, and this led to choices that were sometimes based on little more than the flip of a coin. Once the choice had been formulated, it assumed increasing importance; and, for the 40 per cent who did not get their first choice, some sense of disappointment was inevitable. There were, on the other hand, some who had strong reasons for wanting to be in one House rather than another. However, because their "vote...
...good side: Negroes now find it much easier to land production-line jobs in the South, and unemployment has ceased to be the headache it was for all kinds of workers just a few months ago in Los Angeles, Seattle and Boston. Now, on the other side of the coin, the labor shortage poses major problems for businessmen who are struggling to keep costs down and production up. The factory work week has jumped to a postwar high of 41.1 hours, and the average U.S. worker is pulling down 3.6 hours of overtime a week. Employers are hiring younger...
...always, however, did Young gauge his audience so well. In the process of discounting China's military threat, he said the Chinese navy consisted of "nothing except thousands of junks." The type who laughs compulsively whenever he hears the word "junk" laughed, and Young--apparently encouraged--went on to coin a new phrase--"junks full of Chinks." It was an awkward moment all around. Some hissed; most were pointedly silent and the Ohio Senator had no easy time of it recovering...
...bickered over conversions, and some stores, having advertised in the new dollars, switched back to sterling when business fell off. Commuters, confused by small-change transactions on buses, tossed their odd pennies out of the windows while crossing Sydney Harbor Bridge. Most of the country's 500,000 coin-handling and tabulating machines, from pay telephones to cash registers, still have to be changed, a move that will be made over the next two years with about $60.5 million in aid from the government...
...speedup in income tax payments, which obliges corporations to pay earlier in the year and raises the withholding rates for high-income individuals. This will add $3.6 billion to Government revenues for fiscal 1967, but absolutely nothing in future years. The budget also profited from the great coin shuffle, though the shuffle was not primarily intended to aid the budget. By putting less silver in its coins to alleviate the silver shortage, the Government expects to collect a windfall of $1.6 billion from seigniorage, which is the difference between the face value of coins and the cost of making them...