Word: debt
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Dates: during 1950-1959
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...reasons both of principle and of practical budget problems. He felt that TVA, a billion-dollar federal power system originally planned to aid an underdeveloped section of the U.S., had served that purpose and was large enough. Building a new TVA plant would add $100 million to the national debt. Instead, the President ordered AEC to seek private power...
...Profit? Under the contract, the Government will pay the Mississippi Valley Generating Co. (formed by Dixon-Yates to build the proposed plant) $519 million for power in the next 25 years. Every penny has been calculated to represent estimated costs: $243 million for coal, $76 million for amortization of debt, $62 million for labor, maintenance, insurance and supplies, $61 million for taxes, $58 million for interest on debt, $12 million for return on the company's equity and $7,000,000 for replacements...
Castillo Armas' most pressing debt was back pay for the peasant irregulars in his liberation army, but he had also promised to indemnify the victims of the reign of terror that the Reds touched off in the weeks just before they fell. Right after he took power, he appealed to the wealthy to raise a voluntary fund of $1,000,000 toward these debts. Businessmen and landholders hedged, finally parried with a special tax plan theoretically designed to affect rich and poor alike...
...occurs to me that the best way to promote the giving of bodies by bequest would be for each physician to bequeath his own body to the school from which he graduated. In this way, he would be repaying a debt which he alone can fully pay. Furthermore, if the medical profession would lead the way, the general public would eventually follow...
Dear Time-Reader A bit of fiscal history in the form of an overdue debt came to light the other day in a letter from TIME Reader Don King of Dallas. He explained that he had been driving across the plains of Texas with an old newspaper friend, when they began talking about the thoroughness of TIME's worldwide news coverage. Wrote King...