Word: prepaid
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...Government last week corrected two errors. The Senate followed the House in repealing Sections 452 and 462 of the 1954 tax law, better known as "Humphrey's Bloopers." The two sections, sponsored by Treasury Secretary George Humphrey, had allowed corporations to postpone paying taxes on prepaid income or reserves needed for future expenses until they were actually used, and to defer taxes on income paid in advance for services or rents (TIME, April 4). The Treasury reckoned that the immediate drop in 1955 revenues would run a mere $50 million. Instead, revenue began dropping at the rate of nearly...
...notion of prepaid medical care by physicians practicing in groups has no stronger advocate than Shipbuilder Henry Kaiser. He has built the Kaiser Foundation Health Plan into a 475,000-member concern with 507 doctors and twelve hospitals (TIME, June 29, 1953). And for a long time the Kaiser plan had no more high-pressure booster than Author Paul (Microbe Hunters) de Kruif, the nation's best-known writer on medical subjects. Twelve years ago, no superlative was too sweeping for De Kruif's praise of scientific and efficient group practice as against individual care...
Tourist lucky enough not to be on fixed!, prepaid tours fled northern France and England to find the sun in Spain, Italy and the CÔte d'Azur. "From Menton to Marseille, hotels were hanging out the "Complet" (full up) signs, often socking the dollar-heavy tourist as much as $9 a day for back rooms without running water. Nice and Cannes, sunny as usual, were so solidly booked that many late arrivals had to go 20 miles into the mountains to find a bed. Budget-minded travelers discovered a more economical sun-drenched paradise in Spain, where...
HOLLAND is forging ahead with its postwar financial recovery, has just prepaid $52.5 million of a $195 million World Bank loan that is not due until 1970. The thrifty Dutch have thereby saved millions in interest, made it possible for the World Bank to cancel its plan to float a $100 million loan this fall...
...beginning, tempers were running as high as temperatures: hotel space was all mixed up, a fight was brewing over prepaid medical care plans, an uncomfortably hot issue had been added to the program at the last moment (see below). It took the best bedside manner of some of the nation's canniest practitioners to keep things under control...