Word: ten-year
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...whole fleet modernized while American President was more immediately interested in getting a Government subsidy for operating over Trade Route 17 (Atlantic Coast through the Panama Canal to Malaya and Indonesia). Finally a bargain was struck. If American President would agree to replace its entire fleet over a ten-year period, the Maritime Board would subsidize American President's operations on Route...
...beginning. Budget Minister Ezio Vanoni addressed himself to Italy's very real problem: 2,000,000 unemployed, another 2,000,000 underemployed, a housing shortage of 15 million rooms. His solution, which Scelba's cabinet discussed until 2 o'clock one night last week, is a ten-year plan to invest $8 billion worth of private and public capital in building productive enterprises. The intention was laudatory, but the details vague. Particularly vague was where the money would come from; Signor Vanoni apparently counted on the U.S. Treasury...
...ambitious, ten-year highway building program...
Public Works: The President's ambitious, $101 billion, ten-year program for highway construction is likely to get Democratic support and thus be approved...
...payroll on his railroad. Result: a net profit of $1,100,000 for September. Last week Bob Young laid aside the stick in favor of the carrot. To the Central's $100,000-a-year President Alfred Perlman, Chairman Young offered a stock option deal. Under the ten-year deal, President Perlman will be able to buy 32,000 shares of Central stock at $19.87½ per share, 75? above the current market price; he can buy 20% in two years, another 40% after three years, and the rest in 10% yearly lots...