Word: premiums
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...reserved long in advance nearly all of Vienna's chauffeured limousines. The summit principals had brought their own transportation: a black Cadillac and Lincoln Continental for the Americans, a black Rolls-Royce and Zil limousine for the Soviets. They were gas-guzzlers all, in a country where premium fuel costs...
...much more of such treatment the world economy can endure. Since last December, official, cartel-wide increases have pushed up the basic cost of mankind's most important energy resource by 14.5%, gravely inflaming global inflation. Worse, surging demand has enabled the OPEC nations to tack on one premium and surcharge after another, raising the actual price for most grades by as much as 30%, to $17 or more per bbl. Next week such cartel militants as Iran, Algeria and Libya will press for an additional jump of at least 40%. To make the extortionate price stick, Iran...
...squeeze is being aggravated by competition from Western European importers, who are paying premium prices to buy up heating oil that is refined in offshore Caribbean refineries and normally goes to the U.S. market. To ease the pinch, the Administration is now providing a temporary $5-per-bbl. subsidy for U.S. importers to match the European price. This has infuriated Europeans, who rightly argue that U.S. policy is fueling a price war that will hurt everyone...
...insurer. Instead, he would inject competition into the scheme by letting people choose whether they wanted to be protected by a consortium of commercial insurance companies, by Blue Cross-Blue Shield, or by joining independent group health plans or health maintenance organizations (H.M.O.s). Employers would be liable for the premium payments, estimated at $11.4 billion a year more than they pay now, but they could require workers to provide up to 35% of that amount. The workers' share would be related to their salaries. The Federal Government, as it does now, would pay the bills for most elderly and poor...
...began selling the stamps to neighborhood grocers until 1952, then advanced to supermarkets. The seven-to eight-month "float" between the time that he sold the stamps to the grocer and the time the customers cashed them in gave Carlson the money needed to buy the premium gifts and print stamps. Long before the market in trading stamps slumped in the late 1960s, Carlson began to diversify. His first major move came in 1961, when he bought the venerable Radisson Hotel in Minneapolis, using the convenient float. In subsequent acquisitions, he had generous lines of credit from many banks...