Word: premiums
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...years, the average premium has soared 55%. Car owners who take out a standard 50/100/5 liability policy (on which the company will pay up to $50,000 to one injured person, a total of up to $100,000 to all persons injured in one accident, and up to $5,000 for property damage) are also likely to include comprehensive protection (fire, theft, etc.), plus a collision policy requiring them to pay the first $100 in repairs. In Los Angeles five years ago, that package cost $279 a year for a couple with an 18-year-old son, even though...
...banks were bought up by Reconstruction Finance Corporation examiners who had worked over their books and recognized their long-term potential. Those ex-examiners have now reached retirement age, and are ready to sell out. The Parsons group and its partnerships are attractive buyers, partly because they pay a premium on bank stocks, partly because they make a point of leaving local people in control of the banks they take over-at least at first...
...decided to build a new refinery at Teeside in Yorkshire, the government rebated 45% of the cost be cause it lay in a depressed region. On top of that, notes a Shell managing director, F. S. McFadzean, "the Selective Employment Tax and another scheme known as the Regional Employment Premium reward hiring more labor at the plant in spite of the subsidy it already has for laborsaving equipment-and somebody else pays for it in higher taxes." He adds: "Profit is still a dirty word with this government...
Though Part B of Medicare has worked just about as well as Part A, it is also hopelessly in the red. Under the original law, HEW Secretary John Gardner was required to announce this week what the premium rates would be for 1968 and 1969. Last week he begged off, and both houses of Congress scurried to pass a reprieve bill, giving the Administration until Jan. 1 to decide what rates will become effective next April 1-most likely $4, depending partly upon what services Congress decides to cover...
...maneuvering easier in small harbors and help with docking. A computer will solve navigational problems and monitor machinery, even keep tabs on the passengers' bar bills. From a traveler's point of view, the new vessel will be equally modern. Except for a few special rooms at premium rates for status seekers, most of the 2,025 passengers will travel single-class. Their restaurants and lounges will all be topside, instead of in the bowels, and 75% of the cabin space will be on the sunlit outside of the ship...