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...Minister T. T. Krishnamachari, and one of Nehru's pet Socialist projects, the newly nationalized Life Insurance Corp. The scandal broke last November when Nehru's son-in-law, Feroze Gandhi,* rose in Parliament and asked the minister a pointed question: Had the new corporation used the premium payments of India's 5,500,000 life-insurance policyholders to buy up shares at above-market prices in companies controlled by a notorious stock speculator named Haridas Mundhra...

Author: /time Magazine | Title: INDIA: The People's Premiums | 3/3/1958 | See Source »

...oranges, grapefruit and tangerines has been cut back to 119,400,000 boxes. Federal and state laws prohibit selling as fresh any fruit that falls to the ground, but some growers hid damaged fruit under a layer of good fruit to smuggle it past inspectors and take advantage of premium prices farther north...

Author: /time Magazine | Title: DISASTERS: Singed to the Tip | 2/24/1958 | See Source »

...right-he does have to learn to get along, but does he need to lower his interests and his actions to the average? . . . We have taught well the ideas of cooperation. On the other side of the picture, are we developing the individual? Are we putting enough of a premium on the pupils who are different, who are exceptional? Are we developing our geniuses, or are we averaging them out? Are we encouraging some individual thinking, or are we making group decisions paramount? Are we afraid of being branded 'intellectual snobs' if we suggest that the gifted...

Author: /time Magazine | Title: Education: Report Card | 2/24/1958 | See Source »

...farm problem, since its aim is to increase the income of farmers by cutting their costs, improving their products and widening the market by lowering prices to the housewife. Under the contract, the packing company makes a deal with a farmer to buy all his hogs at a set premium (as much as 50? per cwt.) over the delivery day's average market price. The packer can pay this premium because under the contract the farmer follows expert advice on breeding and feeding, gets leaner pork, which brings higher retail prices and competes better with beef. With marketing risks...

Author: /time Magazine | Title: CONTRACT FARMING: Brings Higher Income, Lower Prices | 2/3/1958 | See Source »

...FOOTball, by changing the distance for conversion from two yards to three yards. At the same time, they rejected proposals to move the goalposts back to the goal line, as in professional football, or to authorize any changes in the construction of the goalposts which would put a premium on kicking ability...

Author: NO WRITER ATTRIBUTED | Title: NCAA Changes Both Substitution, Conversion Rules | 1/13/1958 | See Source »

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