Word: pay
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Dates: during 1950-1959
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...admitted last week, it swamped by 600 million bushels the previous all-time corn record set in 1958. Reason: farmers boosted production to make up for lower prices. Result: more corn to add to the $9 billion Government-stored crop surplus. In 1960 the taxpayers of the U.S. will pay out $1 billion for storage and interest alone...
...wheat and oil empire sprawling over six Texas counties, hired him away as general counsel. When the estate's general manager died in 1941, old Guy Waggoner called the clan together and said, "Let's let this boy run the business," meaning Robert Anderson, then 31. His pay as general manager: $60,000 a year, plus hefty bonuses...
Democrats, and some Republicans too, have charged Anderson with overstressing sound money at the expense of economic growth. A little inflation, the argument runs, is a cheap price to pay for rapid growth. But as Anderson sees it, price stability is the friend of economic growth, not its enemy. What counts, he holds, is "sustainable growth" (a favorite Anderson phrase), which requires capital investment out of savings. "A high rate of saving," he argues, "is indispensable in achieving a high rate of economic growth." And since inflation is the enemy of thrift, it is in the long run the enemy...
...missile mess, but many were worried over how and by whom he would be paid while on the job. Reason: at Defense Secretary Neil McElroy's urging, Critchfield was to be a "WOC," serve "without compensation" from the U.S. and keep on drawing his pay of about $40,000 a year from California's missile-making Convair Division of General Dynamics Corp...
...commentary on the Nazis' racial laws. Last week, when the Bundestag held its first foreign-policy debate in 18 months, Adenauer did not bother to speak. Members could only guess what lay behind his dark and ambiguous warning at Baden-Baden last month that Germany had still to "pay" for World...