Word: one-twelfth
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...tight, well-managed squirearchy whose armament expenditures reach only one-twelfth of its balanced budget, Hungary never ceased to earmark money for the debt payment. Although its partial resumption leaves it a defaulter and thus still ineligible for further U. S. loans under the Johnson Act, consensus was that little Hungary, by stepping up alongside little Finland, had made a shrewd and timely move back toward the U. S. money market...
...poured on the cable at once, separated at the receiving end by quartz crystal wave filters. Last week an engineer in one room merely talked to a reporter in the adjoining room, but between speaker and hearer the message made 40 trips between Manhattan and Philadelphia (3,800 miles), the frequency being shifted to a different wave length after every round trip. Then 20 frequencies were poured on the cable at once- which taxed only one-twelfth of its maximum capacity. Even when voices were lowered almost to a whisper, practically no distortion was noticed...
...instead of two. One is their enormous pride in Texas' bigness-the superlatives they can use in describing its vast distances, the size of its ranches, the statistics of its cotton, oil and cattle production, even the dimensions of its world's record grapefruit (26-in. circumference) and world's record watermelon (183 lb.). Another reason is Texans' fierce pride in their past, in the heritage of Austin, Travis, Houston and other heroes who tore away from Mexico, a century ago this year, the land which was to become more than one-twelfth...
Last week, however, a big Manhattan bank made news that most bankers welcomed?secretly if not publicly. For the first time the constitutionality of Federal Deposit Insurance Corp. was challenged in Federal court. Under the permanent insurance plan in the new Banking Act, the FDIC assessment of one-twelfth of 1% per year is levied not just upon accounts of $5,000 or less, which are the only ones insured, but upon a bank's total deposits. That provision works to the advantage of small institutions most of whose deposits are in small accounts, and to the disadvantage...
Even the 55-year-old squabble between Bolivia and Paraguay over the Gran Chaco must end some day. Last week it looked as if Paraguay, with one-third the population, one-eighth the area and one-twelfth the wealth of big Bolivia, had a chance to win. A combination of dumb Bolivian politics and smart Paraguayan tactics had lured Bolivia into making a terrible mistake...