Word: millions
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Dates: during 1960-1969
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...Magnin (whom Alioto made city protocol chief), the balding, somber-suited mayor is the master of civic ceremony. Last week he redeemed a painful campaign promise to reduce city property taxes 20% by proposing a commuter tax-the first on the West Coast* which, if enacted, will net $14 million a year from San Francisco's 122,000 outside workers. They earn 50% of the city's $3 billion annual payroll, and heretofore have directly contributed not a penny toward the cost of city services...
Schools & Water Wells. Spam's oth er African colonies are also moving ahead, though at a slower pace. In the Spanish Sahara, a wind-blown waste populated by 40,000 nomads and 20,000 troops and government officials, Spain is pouring $28 million into the de velopment of vast underground phos phate reserves - the world's largest -and spending another $9,000,000 a year to put up schools, dig water wells for tribesmen and persuade the suspicious Saharans that the Spanish are really on their side. In a recent referendum, 14,000 out of 16,000 persons...
...this suggests that prisons are slowly absorbing a key lesson of modern psychology: desirable behavior is best induced by "positive reinforcement"-rewards rather than punishment. Thus, federal prisons and 24 states now use work-release schemes pioneered by North Carolina, where 12,000 select convicts have earned $10 million in ten years-even working as court reporters, while partly supporting their families, partly paying their prison keep and landing future jobs. At California's San Joaquin County Jail, one recent prisoner was an ex-airplane dealer who spent all day flying charter planes, duly landed for the night lockup...
...Considered hors concours are Leigh and Mary Block, whose gilt-edged collection, valued at $10 million, focuses conservatively on impressionists and postimpressionists. It is currently touring U.S. museums...
Electric Effect. Such innovations had an electric effect on company earnings, which had been under pressure during the early 1960s from some unprofitable acquisitions, as well as rising competition from Japanese camera makers. Since 1962, however, profits have more than tripled to last year's $ 11 million...