Word: kronor
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Under the Swedish system, workers with average incomes get the most value from their tax kronor. A typical example is Paul Lundmark, who is married and the father of three children, ages 4 to 10. He lives in Orebro, a city of 275,000. Lundmark earns an average blue-collar salary of $6,500 a year by working in a paper mill. He pays more than one-third of this, $2,300, in direct local and national income taxes...
...neutral that always believes in being well armed, Sweden since World War II has poured billions of kronor into a potent 700-plane jet air force. Forgoing bombers, the Swedes have concentrated on interceptors, ground-attack and reconnaissance planes. But even to maintain three kinds of military aircraft is a heavy economic burden on so small a country. To cut costs, the Swedes have now designed a plane to do all three jobs: the all-weather, Mach 2-plus Viggen...
...Uruguay a large part of the $25.5 million World Bank loan was made in West German marks, and the rest in Swedish kronor, Swiss francs, and other currencies to allow the country's nationalized electric-power system to buy equipment from European bidders. The specific Uruguayan project: a hydroelectric power plant at Rincón de Biagorria on the Rio Negro complete with transmission and distribution facilities. The new plant will increase Uruguay's power production...
...years later Eero proudly walked off with first prize in a Swedish newspaper matchstick-design contest, collected 30 Swedish kronor ($8). The same week, his father received a telegram from Chicago announcing that he was runner-up in the international Chicago Tribune Tower contest, with a design that Skyscraper Architect Louis Sullivan hailed as "a voice, resonant and rich, ringing amidst the wealth and joy of life." Eliel Saarinen promptly dipped into the $20,000 prize to move his family to the U.S. When the family landed in Manhattan, Eero Saarinen was twelve...
Last week the judges pronounced their verdict: guilty. They sentenced Bishop Dick Helander to deposition from the Bishopric of Strangnas and waived the fine that might have been imposed, but ordered Helander to pay court costs of 14,500 kronor. The bishop heard the news by telephone in his episcopal residence. "I am innocent," he said. Later his lawyer announced that he would appeal...