Word: earners
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Confident that they had found a means of playing on the shortchanged feeling that many a $35-a-week British wage earner feels as he steers his motorbike among the Rolls Royces and Bentleys, Labor's orators claimed the Jasper scandal as certified proof that "the few" were skimming off the cream of Britain's prosperity. Tory Macmillan, a veteran campaigner with a shrewd feeling for the popular mood, was sufficiently discomfited to announce that the government intended to review Britain's companies act to see whether regulations against speculative operations such as Jasper's should...
...Argentina, intent on curing its economic ills, needs to cut beef consumption and restore it to its historic role as a foreign-exchange earner. One day Amalia Ferrer, wife of an insurance-company employee, said to her butcher: "Carlos, two kilos of beefsteak." Carlos cut the thick slices, said: "Seventysix pesos [the equivalent of 19? a pound]." Señora Ferrer protested: "But Don Carlos, only last Friday I paid 60." Sighed the butcher: "That was Friday. Today this is the price; soon it will be more." The housewife settled for stew beef...
...enormous social security fund (current reserves: $22 billion) really secure between the time the wage earner is nibbled and the time he begins to get his payments? Yes, reported a Congress-created advisory council on social security financing, a panel of 13 businessmen, labor leaders, university professors and insurance actuaries. Their summary: the financing of the Old Age and Survivors' Insurance system is "sound, practical and appropriate...
...have nearly $21 billion in the kitty, and from 1960 on, income is expected to exceed outgo "every year for many years into the future." The advisory council's real worry is that creeping inflation might make the payments worth disappointingly little by the time a young wage earner gets around to harvesting his share at age 65. "The social security system," warned the council, "has created for millions of Americans expectations regarding their future place in economic society. The defeat of beneficiaries' expectations through inflation would gravely imperil the stability of our social, political and economic institutions...
...safety precautions, including additional compartmenting of the hull. The Doria sank when three of its twelve compartments were flooded; the Da Vinci will float with three of its 15 compartments flooded. When the Leonardo goes into service in 1960, Italy expects to have a powerful new dollar earner as the flagship of her already prosperous fleet...