Word: worth
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Dates: during 1950-1959
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...approval as their young leader, self-styled "Robin Hood of taxpayers," insulted Premier Mendés-France, his Cabinet and his programs. " We want our share of the cake, too," shouted Poujade. "From tomorrow on, we don't pay any taxes until they show us a fiscal reform worth its salt. Agreed?" Bellowed the Poujadistes: "Agreed!" Poujade's ideas for reform: no more penalties for evaders if caught, no more tax inspections to discover fraud, amnesty for all past tax evaders...
...buzzer, which instantly lights a bulb in the Manhattan studio (white for the champion team, red for the challenger) and automatically cuts off the impulse from the other team. If the answer is right, it earns ten points and gives the winners a chance at a bonus question worth from 15 to 50 points. If a team thinks it can anticipate a tossup question, it is free to interrupt Ludden before he finishes, but if the answer is incorrect, there is a five-point penalty.This can be demoralizing: last week Rutgers incorrectly anticipated the first question and never got going...
...progressing. A.F.L.'s International Brotherhood of Electrical Workers has just paid out $1,920,000 for 16,000 shares and control of the American Standard Life Insurance Co., and Dave Beck's Teamsters, who invested $1,500,000 in Fruehauf Trailer Co., then bought $1,000,000 worth of Montgomery Ward stock, now plans to spend still another million for 12,100 more shares of Ward stock...
...given back to the Government 96.6% of the total net cost of the program. In all, 15 big U.S. rubber, oil and chemical companies will pay $310 million, almost the full current value that independent appraisers put on the plants, and more than twice as much as the worth on Government books (which subtract normal yearly depreciation...
Mild Dose. Things looked so good that the Treasury Department decided to try something it has not dared touch since 1953. Secretary George Humphrey announced that holders of $2.6 billion worth of 2⅞ bonds maturing next month will have the choice of exchanging them for short-term notes or a new 4O-year, 3% bond, the longest-term U.S. obligation since a 1911 issue to help finance the Panama Canal. Unlike the famed 3¼% 30-year issue of 1953, which was attacked as too drastic a credit tightener and soon fell below par, the new 40-year bond...