Word: indirections
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Mollet's maneuver was timed to coincide with the National Assembly debate on the government's demand for 150 billion francs ($428 million) in new taxes. Last week, as the Assembly Finance Committee tore up Finance Minister Paul Ra-madier's tax plan (indirect levies which would fall heavily on upper-income brackets), there was a significant rise in the price of the gold Napoleon, a coin that Frenchmen traditionally buy when they become nervous about their country's currency. Suggestions that the franc be devalued* were described by Mollet as "crime and imbecility...
...Fall of this academic year, all members of the Arts and Sciences Faculty received an indirect increase of five percent; the increase was non-taxable because the University merely assumed the full cost of the pension fund payments...
Jack-Rabbit Start. Free piston engines are still full of bugs, but their seemingly indirect way of generating power has its points. Since the combustion gases start their work cycle at extremely high pressure and temperature, the thermal efficiency of the engine (the amount of mechanical energy that it gets out of the fuel) can be very good. It has no flywheel, crankshaft or connecting rods. It has many valves to shunt air through the various chambers, but they are all self-operating, and none are exposed to high temperature. The engine can be made to run on almost...
...Greatest Risk. What of the favorite tactic of Communists, indirect aggression or subversion? "Experience shows," said Ike, "that indirect aggression rarely if ever succeeds where there is reasonable security against direct aggression, where the government possesses loyal security forces, and where economic conditions are such as not to make Communism seem an attractive alternative. The program I suggest deals with all three aspects of this matter...
...million in 1956. Last week Washington's statisticians, tentatively casting up sums for the year, estimated the total investment to date at $7 billion-probably enough to keep Latin America the area most favored by U.S. investors.* Adding in U.S. Government loans of more than $1 billion and indirect private investments, e.g., bank loans, stocks and bonds, the experts put the grand total of all U.S. funds invested in Latin America up to now at $10 billion. Biggest contribution toward the year's fat increase: well over $300 million for oil concessions in Venezuela (TIME, Sept...