Word: steeped
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Dates: during 1950-1959
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After refusing to write new life insurance for generations of heart-disease victims, the insurance industry is catching up with newer medical thinking: these patients are not necessarily such bad risks as they were once rated. But the penalty premiums are still steep: a man of 50 who has done well for 13 months after a heart attack must pay annually $100 to $125 per $1,000 of insurance as against $40 for a man in full health. The penalty drops with longevity: at 60, he may be paying only $15 to $20 additional. Last week, physicians for the Equitable...
...muleback across dusty roads, on rattletrap chartered buses, walking down steep mountain paths, the Greeks of Cyprus this week practiced what their forebears invented 2,500 years ago. In the first popular elections since 1931, Cyprus got ready to become a self-governing republic in February. Under the Anglo-Greek-Turkish truce to end the island's four-year civil war, the new republic of Cyprus is to have a President elected by the island's Greek community, a Vice President chosen by its smaller Turkish community. The Turkish Cypriots, by acclamation, had already chosen that Vice President...
...secretary, avoid written memos, and do most of their business in corridor conferences with staff members. Decisions by Leo, 46, who serves as treasurer and chairman, and David, 34, who is president, have equal power. To justify the price of Transitron's stock (now selling at a steep 45 times projected 1960 earnings) the company is expected to diversify, use the 2.1 million shares of Transitron's authorized but unissued stock to buy other companies...
...Museum. Last week city officials were debating the conditions of the gift: 1) a $3,000.000 addition to the museum, in the form of an Oriental wing, designed to meet Brundage's specifications, and 2) a Brundage-approved curator and staff for the collection. If the price is steep, the prize is nothing short of fabulous. Best of the lot are Brundage's bronzes, dating back 30 centuries to the almost mythical Shang-Yin dynasty in China. Among the finest is the "Holy Man" or Lohan (opposite), whose peaceful humility especially delights the fighting autocrat who bought...
...demand for American-style cocktail dresses and printed skirts, other readymade clothing of new, washable fabrics that are still high-priced in Britain. Novelties such as blue jeans, California apple juice, well-designed U.S. toys, and costume jewelry should also fare well. But Detroit automakers expect no gain, since steep British import duties and sales taxes, added to transport costs, double U.S. price tags. U.S. cars are considered too big, too flary, and too gas-thirsty compared to British makes. In fact, last year's 650-car U.S. import quota was not even filled...