Word: premiums
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...Mutual fire and casualty insurance companies must now pay taxes on their premium income as well as on their investment income. This is expected to increase their taxes by $42 million a year. $8 million less than the Administration had hoped...
...evening will get good grades. State Farm Mutual, biggest U.S. auto insurer, is willing to bet money on this sweeping proposition. Starting this week in California, it will use grades to sort out safe drivers from bad risks in the 1640-25 age group. Insurance companies normally raise premiums by some 200% to 400% on a car driven by a null single male (girls are considered more conservative drivers, pay no extra premium). Now State Farm Mutual will cut insurance premiums by $10 to $100 on cars driven by unmarried males in eleventh grade through college, provided that they rank...
will resume its purchases of Dominican sugar at the premium price of 5½? per pound, v. 2½? on the world market, and will assign the Dominican Republic a part of Cuba's former sugar quota. Sugar alone should add $55 million to the Dominican economy this year. Equally important, the misery-ridden land is now eligible to share in the Alliance for Progress. The day the OAS lifted its sanctions, the White House announced that an Alliance "task force" headed by Teodoro Moscoso, Latin American director of A.I.D., will speed to Santo Domingo (once Ciudad Trujillo...
Conditions for Departure. Once the Council is constituted and working smoothly. Balaguer promises to resign. But first two conditions must be met: 1) the Organization of American States must lift all diplomatic and economic sanctions, and 2) the Dominican Republic must be allowed to share again in the U.S. premium-price sugar market and in Alliance for Progress aid, both of which Washington has withheld as punishment for Trujillo's misdeeds...
...that comment on Ornette Coleman seemed to have abated, we can put him in some sort of perspective. The premium he has placed on freedom has led him to produce some extremely frantic, incoherent solos, which may or may not move you. They seem to be as far from true improvising on one side as the sterile change-running of the neo-boppers is on the other, and least there's a lesson in that. But almost without exception his short, dense lines mark him as one of the great jazz composers of all time. Atlantic 1317 is generally conceded...