Word: trust
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Dates: during 1950-1959
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...outlay. But as life expectancy in the U.S. increases, payments may exceed income. A failure to recognize this seems to ignore the Government's eventual obligation to pay. But the Government already uses this money for current expenses, putting Government bonds for the amount into the social security trust accounts. Since these bonds have to be paid off out of income, many economists argue that the Government is actually running social security on a cash basis anyway...
...Jordanian village of Kibya, 20 miles northwest' of Jerusalem, and a mile and a half beyond the Israeli frontier. A light still burned in the village coffeehouse, where a few late gossipers were preparing to depart; on this quiet night, as usual, everyone put his trust in the U.N. "truce" and 30 skimpily armed Jordanian national guardsmen. Suddenly, Israeli artillery, previously zeroed onto target, opened up, and a 600-man battalion of uniformed Israeli regulars swept across the border to encircle the village. For the next 2^ hours the town shuddered under shell bursts and small-arms fire; villagers...
...Arkansas mountaintop estate, and Barbara ("Bobo") Rockefeller in her Park Avenue apartment-word seeped out that a monster cash settlement was in the works as the first step to their divorce. The reported haul for Bobo and five-year-old Winthrop Paul: $5,500,000, mainly in trust funds and securities, plus $70,000-a-year alimony...
Q.E.D. In Twin Oaks, Calif., after Mountaineer George Taylor, 90, set the safety blocks and cranked his 1919 model T Ford, the car ran over him, headed down the mountain, caught fire, burned itself to a stop, drew from George a final farewell: "I never did trust those dern things...
Shattuck is currently a partner in a arm that manages trust and agency accounts. In 1942 he was elected to the accounts. In 1942 he was elected to the house of Representatives, and served for three terms. During five of these years he was House chairman of the Joint Committee on Public Service...