Word: copperizing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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. Example: the old silver quarters contained 240 worth of metal, but the new copper-core quarters have only 10 worth-which gives the Government a "profit...
...federal assets. It intends to market to private bankers billions of dollars worth of "paper assets," notably Government-backed mortgages held by the Federal National Mortgage Association. Expected income: $4.7 billion. It also will continue emptying out the federal stockpiles. In fiscal 1967, in addition to selling off copper and aluminum, the Government plans to dump onto the private market such fascinating commodities as 3,866,178 Ibs. of duck feathers, 129 million Ibs. of castor oil, 12 million carats of industrial diamonds, and 39,851 Ibs. of opium (used, respectively, for sleeping bags, paints, cutting tools and medical morphine...
...head off precipitate action by Africa's angry extremists. "We believe the policy we are following," Wilson said, "is right, appropriate, and will be effective." He could point to the fact that British sanctions have already cut Rhodesia's main exports 90% -including sugar, tobacco, copper, chrome, steel and meat. American importers are boycotting Rhodesian asbestos and lithium; Japan banned Rhodesian iron imports starting April 1. Even with strict gasoline rationing (one gallon a week for small cars, two gallons for large cars), the country has only an eight-to twelve-week supply left, and a few patriotic...
...note that observance of the guidelines is voluntary, he also always acts as though anyone breaking through the guidelines is somehow defying the law of the land. Within the past year he has invoked the guidelines to enforce price rollbacks or holdbacks not only on steel, autos, aluminum, copper, and wheat and corn products-but also on such lesser items as mechanical pencils and catchers' mitts. During that same period, the President and his aides have employed the guideline concept to restrain wage increases for workers in the steel and maritime industries-as well as for federal employees. Thus...
Died. Bryan Winslow Newkirk, 77, Canadian financier, a North Carolina-born wheeler-dealer who promoted Quebec copper and Saskatchewan oil into a network of 61 companies with assets of $30 million, all of which made him a big man in Canada but a fugitive to the U.S. Government for his refusal to pay an estimated $400,000 in taxes on his across-the-border stock operations; of a heart attack; in London, England. Said Newkirk: "They can go to hell. I'm a Canadian citizen, and they can't touch me." Nor could they...