Word: lump
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...containers, aluminum, and some chemicals, but Administration economists argue that unemployment and the fact that industry is still operating at 85% to 87% of capacity will hold increases within bounds. Taking a longer look, a few economists and businessmen worry that taxes have been cut too much in one lump. That, they say, raises the danger of an overexpansion later in 1964 which could lead to a day of reckoning some time next year. For the present, however, the only major question is how good 1964 will...
...creaky, corrupt bureaucracy. To combat the first, Mansur intends to create work by rebuilding 1½ million mudbrick houses inhabited by 75% of Iran's population. As for the bureaucracy, Mansur says he will close down unneeded departments and fire surplus civil servants after giving them lump-sum severance...
...expected developed quickly. First came the threatened resignation of 600 British civil servants, desperately needed to run the government until Africans could be trained to replace them. They were angry because their "golden handshake"-the severance pay of up to $28,000 a man-could not be paid in lump sums. Nyerere's government simply could not afford it. Turning on the earnest charm that had welded his party, he talked 300 of the British into staying on. But then another disaster struck. Droughts and floods in 1962 ruined the maize crop, forcing 500,000 Tanganyikans onto the famine...
Scientific snooping is not new, but it has been virtually transformed in the past decade by the transistor and its relatives, which can be made almost invisibly minute. A practical radio transmitter with battery and microphone today may be as small as a lump of sugar and yet powerful enough to send a message several hundred feet...
...hour for a guaranteed 35 hours a week. The agreement's kitty permits a 25-year man to retire at 62, draw a $220 monthly pension for three years, $115 after that (when Social Security begins). If an I.L.W.U. man works until 65, he gets an additional lump sum of $7,920. If a machine knocks a man out of work, he continues to draw 35 hours of pay a week. The deal is so good that last year the I.L.W.U. had some 25,000 applicants for 2,600 openings...