Word: premiums
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Sneaky Pete. Gallo has no use for his premium-wine competitors, who are chiefly concentrated in the Napa Valley. "The reason people think Napa Valley wine is better," snorts he, "is simply because it costs more. The wine snobs like it because it costs more. The so-called fine wineries' audience is composed of wine snobs. Well, let 'em have each other...
Another Layer. The Kennedy Administration's defense policies plainly put a life-or-death premium on Army abilities. Just how good is that Army? How ready is it to meet the critical responsibilities assigned...
...Pentagon official justifies cost-plus missile contracts by insisting: "We are not buying large quantities of anything except research, and that can't be done at a fixed price." But he concedes that guaranteeing industry a profit has the devastating result of putting no premium on success, no penalty on failure. "The guy who dumps ten missiles in a row in the drink shouldn't get the same profit as the man who has a successful flight on his first attempt. But the way things are now, he'd probably make more...
Last fall a government anti-speculation patrol visited Fedor and discovered why. For 25 years he had made each month some 50 pairs over his quota, peddled them on the side at premium prices. When he retired, he went into business on a big scale. He hired two workers, bought a stamping press (whose clang was drowned out by the nightly concerts). The police found hidden on his property 23 savings account books, gold and other valuables, discovered he owned two other houses, two motorcycles, two autos and a motorboat. Kuznetsov's total worth: some $200,000. His punishment...
Antiquated Tax. The hard core of unemployment these days is among the unskilled; and automation, besides eliminating jobs, puts more premium on skills in the jobs it provides. Yet one-third of the nation's brightest high school graduates do not go on to college; some 7,500,000 youths entering the labor force in the '60s will not have completed high school; 2,500,000 will not even have a full grade school education...