Word: payments
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Dates: during 1950-1959
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...week registered a new high for a Picasso by knocking down his pretty nude, entitled La Belle Hollandaise, to the Queensland Art Gallery of Brisbane, Australia for $154,000. Back in 1905, Picasso painted the picture on a trip to Holland, apparently gave it to a traveling companion in payment for his half of a hotel bill...
...continued growth." Long hired his own crew, used every known labor-saving device, estimated his costs to the penny. In his first development, he built 134 houses for $7,400 each, cleared only about $350 on each. Then, in 1953, to take advantage of the 10% down payment introduced by Congress for $7,000-or-under houses during the Korean War, he lowered his sights to a $7,000 house, contented himself with a $250 profit on each...
American Motors earned $2.10 for its second fiscal quarter, boosting first-half earnings to $5.66 per share v. $1.25 during the same period last year. For the first time since 1954, American returned to a quarterly cash dividend program, declared a 60? payment. With the peak sales season coming up, President George Romney said he "anticipates an even higher level" of production, sales and earnings...
...bill rejects the automatic-dole principle, tailors pension payments to fit the needs of individual veterans in an age of higher social security and private pensions. Key new principle: a "graduated scale" that turns the pension into a supplemental payment, brings each pensioner's annual income (including social security) from all sources to the $1,400 minimum, higher if he has dependents. A single veteran with an annual income of $1,300 would get only $10 a month in pension; a married veteran with two children and only $1,200 income would get $90 a month more...
...home to Lhasa. The Chinese warlord of Tsinghai demanded $30,000 before he would let the boy leave. Glumly, the lamas paid it and set out for Tibet. They were stopped at the border. The warlord wanted more money, and it took two years of negotiations and a further payment of $90,000 before the Dalai Lama, by then four years old, could go in triumph to the palace of Potala...