Truce Talks Highlight Start of Korean War Third Year
The piece marks the Korean War entering its third year as June 24 would be the two year anniversary. It notes ongoing truce talks with Chinese Communist and North Korean officials and cites U S casualties around 110000 with 17000 killed in action. Costs reach about 15 billion dollars with a potential 7.5 billion more next year. Supply use totals 16 million tons with 7 million more headed for Korea.
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Where Your Cigarette Money Goes Pack of Taxes
According to a leading manufacturer’s annual report the 22 cent selling price of a pack of cigarettes is largely eaten by taxes. Eight cents goes to Uncle Sam as excise tax while sales and income taxes total 11 cents, about half the pack’s price.
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