Word: payments
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Dates: during 1950-1959
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Standard has kept production high and costs down with the help of an incentive payment plan. The company, which pays its 12,000 workers a good (for England) minimum weekly wage ($14 for men, $10.50 for women), provides increases for any group of workers which lowers the man-hour cost per unit. Says he: "If all British industries would adopt such an incentive scheme, we'd clear up our economic troubles overnight...
Under the plan, the company and seller agree on a price for the old dwelling and put it on the market. Normally, the owner's equity in it is enough for the down payment on the new house. If the old house is sold within 30 days, the full price is turned over to the owner; if not, Liberty Building purchases the house at a prearranged, but lower price...
...billion, or for that matter, a $5 billion increase in our imports would not displace any workers in the total American labor force. If payment for these imports reduced the need for foreign aid by this amount, an offsetting reduction in taxes would permit the American consumer to buy an additional $2 billion worth of goods. If foreign-aid payments were not affected, such imports would permit foreign buyers to buy an additional $2 billion worth of our goods...
GOVERNMENT housing men hope to give the housing industry a new fillip by 1) cutting down-payment requirements on FHA loans (now 10% to 20%), and 2) raising the mortgage limit from $16,000 to about $20,000. With time running out on this session of Congress, the proposals face a race against the clock...
Liquid Assets. In El Monte, Calif., David Martz, needing cash for the down payment on a new car, drove his old one into a dealer's shop, told the mechanics to remove the gas tank, shake out $820 in half-dollars which he had accumulated in four years by tossing a 50? piece into the tank each time he bought...