Word: premium
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Dates: during 1960-1969
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...fallible humans who read the information, then punch it onto cards or tape for the computer. With the optical scanner, which can read up to 96,000 cards per day, the computer-and every paper-laden company-has found a powerful ally. Scanners already read and process insurance premium notices, gas station bills, travelers checks, dividend checks. The National Biscuit Co. has cut the time for tallying inventory from a month to three days with a scanner, and a scanner-sorter being tested for the Post Office Department can process letters five times faster than by hand...
...Premium Prices. The U.S. has traditionally bought the biggest chunk of its sugar from Cuba, about 3,000,000 tons of raw sugar a year. This is more than half of Cuba's total exports and about one-third of U.S. needs. The rest is supplied by domestic beet-and cane-sugar producers (53%) and by 15 other nations under annual quotas. To all of them...
...pays nearly 5? per lb.-or more than 2? above the world free market price. This premium is designed to keep the U.S. sugar price from fluctuating wildly with the world market price, and to eliminate both the very high prices that hurt the consumer and the very low prices that are disastrous to producers. The Secretary of Agriculture does not set an exact price, but controls it by increasing sugar quota allotments when prices are headed upward, decreasing them when prices are headed downward...
...about 200,000 tons, and Panama will increase its quota from 3,600 to 10,000 tons, providing a bonanza for the family of President-elect Roberto F. Chiari, which owns the country's biggest sugar plantations and refinery. All of these countries will be paid at the premium quota rate...
...strength in the South and was seeking none. (Coupled with a Washington endorsement of Negro sit-in strikes -"the American spirit is coming alive again"-this thoroughly sawed the limb off from under the few Southerners who had supported him.) In New Jersey, Kennedy again spent premium time polishing up Favorite Son Robert Meyner, who, as Governor, was already under stiff pressure by the Kennedy forces in his delegation; still, stubborn Bob Meyner refused to make any public endorsements. In California, Kennedy advance men helped fan reports that Governor Edmund ("Pat") Brown was now "leaning" Kennedyward, but Brown...