Word: low-cost
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...after launching its own First Fund of Virginia, its agents sold $900,000 worth of shares. Besides opening new markets, Michigan-based Federal Life & Casualty Co., a Channing subsidiary, has found that the mutual fund helps agents sell more insurance. Much of it, to be sure, is of the low-cost term variety that expires when the policyholder reaches a specified age. The fact that such insurance has no cash value, notes Federal Vice President H. Curtis Reed, does not bother investors "who expect to accumulate $50,000 in mutual funds at the end of 20 years...
...total exhaust from a car equipped with the reactor. Both figures are well within the 1970 standards proposed last week. Nonetheless, said one Du Pont official, the unit is far from commercially feasible. Yet to come: additional testing, reduction of the reactor's size, and selection of low-cost durable materials...
...replacement for the old, Gothic St. Mary's Cathedral, which burned to the ground in 1962. Much to his surprise, a group of priests and laymen objected to his plans for the cathedral, on the grounds that the money should be used instead for humanitarian projects such as low-cost housing for the poor. The protesters cited Pope Paul's encyclical Populorum Progressio and the Vatican Council's Constitution on the Church in the Modern World in arguing against any ostentatious display of churchly wealth so long as men are starving. McGucken retorted that his archdiocese already...
...producing France, for example, puts a crimp on bourbon and Scotch imports by prohibiting all whisky advertising. In Italy, foreign automakers find it difficult to buy prime time on the state-owned television. Switzerland not only restricts imports of milk products but gives special help-including price supports and low-cost feed-to Swiss dairymen whose cows graze in remote areas or on mountain slopes...
...store and a company-wide central council, a dialogue is kept going between management and "partners." The company also spends some $500,000 a year on cultural subsidies (half-price tickets to Covent Garden and the Old Vic) and such perks as clubs (30, from gardening to judo) and low-cost holidays in the company-owned Brownsea Castle at Poole Harbor...