Word: premiums
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Dates: during 1950-1959
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...replaced vacuum tubes in consumer devices-hearing aids, portable radios, etc. Now transistors and other semiconductor cousins are manufactured with such precision and close tolerances that a new generation of computers is being designed for them. The circuitry of new missile systems, where space and weight are at a premium, calls for millions of semiconductors. Industrial and military uses account for only one-third of semiconductor units manufactured, but two-thirds of dollar volume. Computer builders are expected to increase their purchase of semiconductors tenfold within the next two years...
...Premium pay for teachers in difficult schools and "adjustment" classes...
...course, one can't do it par excellence on every occasion. What hurts is that the best of Shimizu's work is weakened by the same deficiency. The poetic gift, is at a premium these days. It would be a shame to see Shimizu's very real talents stray along a path of lesser resistance...
Since 1921 both mutual and stock life insurance companies have been taxed on their investment income (the money they earn from investing policyholders' premiums in bonds and mortgages), not on their underwriting income (the money received from premium payments that does not go into reserves). The 1942 tax law still on the books follows the investment-income principle of taxation. It was suspended and stopgap taxes levied because it allowed such high reserve requirements out of investment income, at a time when interest rates were declining, that in some years the industry was paying no tax at all. Taxing...
Financing state insurance would not be excessively expensive. To cover about the same scope as the Social Security System one would probably require an additional payroll tax of about four per cent. Split between employer and employee this is a moderate premium. Present private or factory medical policies, just like current private retirement policies, could continue to exist collaterally...