Word: postalized
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...Government monopoly entrusts to a private monopoly. The company is Connecticut's Pitney-Bowes, Inc. P-B makes, sells, rents and services the postage metering machines* that print and postmark more than $1 billion worth of stamps on business mail every year. This not only saves millions in postal handling costs for the U.S., but it brings to P-B exceptionally high profits of 9? per revenue dollar. P-B announced this week that 1958 earnings rose 7% to $4.4 million on gross income of $51.3 million. P-B will split its stock three for one (current price...
...like a military headquarters that has just learned of an enemy breakthrough. Party Chairman Lord Hailsham galloped off to Bournemouth posthaste. At week's end, in a tense, three-hour session with Bournemouth Tory leaders. Hailsham persuaded them to accept the hated Nigel Nicolson again, if a private postal poll shows that he would win a majority of the 7,500 Tory voters in the. constituency...
...addition, Ike hopes to reduce the recurrent $350 million postal deficit by raising postal rates to 5 cents an ounce. And to top it all off, he expects Congress to approve an increase of 1 1/2 cents a gallon in the federal gasoline tax. This version of the "austerity program" hasn't a political prayer of being passed, and for more than one good reason...
Instead, the President declares there will be no general income tax relief and in the same breath proposes such regressive measures as the postal increase and the gasoline tax raise. Such fiscal irresponsibility on the President's part, and his unbridled indifference for the lingering distressed areas of the economy, has to be explained in other than economic terms...
...Income. Proposed hikes in the federal gasoline tax, aviation gas tax and postal rates (first-class mail to a flat 5?) will, if approved by Congress, help bring income into line with outgo...