Word: premiums
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...shift to fixed-price contracts alone could save 10? on each defense dollar, argues McNamara. In addition, the plan puts a premium on high quality workmanship and careful inspection procedures. The military officer watching each project will submit a top-secret report every six months evaluating the company's performance, and the report will figure heavily in whether a company gets future defense contracts...
...from an ancient battleship bell-one stroke for bad news, two for good. Last week Lloyd's had some bad news: it suffered one of its worst losses in Britain's great train robbery (see THE WORLD). This week, however, it will report some cheerier tidings: annual premium income has risen to a record high of $983 million...
...serving, v. 305). Taste, depending on the product, ranges from good to dreadful. Mott thins the fat off its meats, uses only white chicken meat instead of richer dark meat, says all this adds 10% to 12% to its costs. The products retail at a 1% to 200% premium, and sales are swelling to $2,000,000 this year. The company's next project will be small, 8-oz. portions for the bachelor, or for the wife who seeks girth control while her husband eats high...
...railroads. Says G. E. Leighty, chairman of the Railway Labor Executives Association and a member of the presidential panel that reported this week: "The truth is that the railroads, since they pay their train-service employees no Sunday or holiday pay, night differentials, away-from-home expenses or other premium payments . . . actually save under present work rules among their operating workers...
Apparently a well-coordinated ring of German, Austrian, and possibly Swiss and American grain dealers arranged to have the shipments moved from such ports as Hamburg and Bremen directly into West German and other European markets, where grain brings premium prices. It was months later that a U.S. embassy official in Vienna compared shipping records and realized that while 40 million bushels of feed had left U.S. ports, only 16 million had ever reached Austria. Six Austrian grain importers were arrested and released on bail ranging up to $200,000, one of the highest figures in the country...