Word: premiums
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...build up its nickel supply during World War II, the U.S. signed at least 28 long-term purchase contracts for nickel, now is trying to wiggle out of every one of them, because there is a nickel glut. The U.S. estimates that it has lost $31 million by paying premium prices for nickel, stands to lose $124 million if it honors all its contracts...
...recession only made chronic trouble acute. Memories of dead or departed auto companies-Hudson, Packard, Kaiser-Frazer-remind Detroiters that trouble in the auto industry can have something to do with bad management. "You know," says a businessman, "when we were the arsenal of democracy, there was a great premium put on inefficiency of operation. The more payroll a company had, the more profit it would make on the cost-plus arrangement. And when the war ended, there was tremendous pent-up demand for what Detroit could produce, and wartime business became even bigger." A University of Michigan economist recently...
...efforts," said Clayton, "is an understandable human impulse to choke off competition, and protect prices and profits. Nevertheless, such attempts should be understood for what they are, and defeated. The U.S. has always prospered by using the cheapest available fuels." In the future, such fuel will be at a premium, as consumption keeps rising. "We should never forget that the U.S. has only about 20% of the proven oil reserves of the world, whereas we are consuming over half of the present production of oil in the world...
...side and had talked to Mack about the bitterly fought case. ¶In 1953 Whiteside gave Mack, then a member of the Florida Railroad and Public Utilities Commission, a one-sixth interest in an insurance agency. Later, under the firm name Stembler-Shelden, it sold an insurance policy (premium: $20,000) to the National Airlines' TV subsidiary. There were no written records of Mack's interest in the agency, said Whiteside. It was all done by "orally declared trust . . . We in the firm understood that when Mr. Mack's public-service career was finished that he would...
...through 3.8 milligrams of nicotine, 22 milligrams of tar v. 3 milligrams of nicotine, 22 milligrams of tar for unfiltered king-size Chesterfield. The percentages are similar for Marlboro, Viceroy, Tareyton, Parliament and the rest of the popular filters. Net effect: "The public has paid premium prices of 2? to 6? per pack . . . for 'protection' they did not receive...