Word: fractionization
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...Louis, heavyweight boxing champion from 1937 to 1949, frittered away most of his $4.6 million earnings, then was hit in 1956 for back taxes, penalties and interest totaling more than $1 million. The IRS was able to collect only a fraction of the amount before quietly abandoning the effort...
...lowest number that could be monitored; that is, at a level where a violation significant enough to overturn it could not be hidden. The permitted number of missiles may be as low as 500; at any rate, the number of warheads in this scheme would be only a small fraction of current totals, probably 20% or less of the Eureka scheme. Each side would be free to choose whether the permitted missiles would be mobile or in silos. Mobility would reduce the incentive of surprise attack, but equivalence at low numbers of single-warhead missiles would, in any event, assure...
...balance between work and recreation." With a monarch, it is not always easy to know which is which. More than 6,000 San Diego citizens (and transplanted subjects) cheered and sang onshore at her arrival, but the visitor got on with business straightaway. She walked among 200 reporters (a fraction of those covering her) who had been invited aboard the comfortably staid Britannia to drink brandy and warm whisky. Mid-mingle, she had one American describe for her Mark Twain's The Prince and the Pauper, in which a servant is cursed for manhandling the disguised English monarch...
...drug bust last week between the Khyber Pass and Peshawar in northwest Pakistan was one of the biggest in history. Yet it represented just a fraction of the exports from the so-called Golden Crescent, an area spanning parts of Pakistan, Afghanistan and Iran that produces the lion's share of the world's heroin. The raw material for the drug is grown in 100,000 acres of opium-poppy fields, processed in local laboratories and smuggled out through Pakistan. The Golden Crescent accounts for as much as 90% of the heroin sold in Western Europe and more...
...bookkeeping costs. New York's Manufacturers Hanover, for instance, figures the initial expense at $3 million. Smaller banks, which have fought the hardest for repeal, say their cost per account would be higher because they have fewer depositors to share the expenses. Bankers contend that only a fraction of the outlay can be recovered on the "float," the interest banks can collect on withheld funds before the money is passed along...