Word: premiums
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Dates: during 1960-1969
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...decided to build a new refinery at Teeside in Yorkshire, the government rebated 45% of the cost be cause it lay in a depressed region. On top of that, notes a Shell managing director, F. S. McFadzean, "the Selective Employment Tax and another scheme known as the Regional Employment Premium reward hiring more labor at the plant in spite of the subsidy it already has for laborsaving equipment-and somebody else pays for it in higher taxes." He adds: "Profit is still a dirty word with this government...
Though Part B of Medicare has worked just about as well as Part A, it is also hopelessly in the red. Under the original law, HEW Secretary John Gardner was required to announce this week what the premium rates would be for 1968 and 1969. Last week he begged off, and both houses of Congress scurried to pass a reprieve bill, giving the Administration until Jan. 1 to decide what rates will become effective next April 1-most likely $4, depending partly upon what services Congress decides to cover...
Answers in Part. What accounts for labor's militancy? One reason is prosperity. In a time of low unemployment (now 3.8%), the worker commands a premium. Other goads are inflation and ever rising local and state taxes-not to mention the threat of a new 10% fed eral surtax (see following story). In their drive for higher wages, union members are rejecting one-seventh of the contracts accepted by their leaders...
...maneuvering easier in small harbors and help with docking. A computer will solve navigational problems and monitor machinery, even keep tabs on the passengers' bar bills. From a traveler's point of view, the new vessel will be equally modern. Except for a few special rooms at premium rates for status seekers, most of the 2,025 passengers will travel single-class. Their restaurants and lounges will all be topside, instead of in the bowels, and 75% of the cabin space will be on the sunlit outside of the ship...
...first to admit the shortcomings of the present system. The trouble with most welfare programs, she admits, "is that it is easier to support people on relief than to come to grips with the problems that put them there." Agreeing with critics who charge that welfare programs put a "premium on not working, rather than working," Miss Switzer says that the answer is more work-both by welfare workers and recipients: "Work...