Word: a-year
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...balding oldtime hoofer, Frank Wallace, announcing himself as Cinemactress Mae West's undivorced husband (he said he was married to her in 1911), claimed a share in her $500,000-a-year income (TIME, July 19, 1937). All he got from Miss West was grudging confirmation of the marriage. Last week Song & Dance Man Wallace tried again. Shifting his attack to her fat-faced, multiple-chinned manager, James A. Timony, Wallace sought damages of $105,000, charging that Timony had threatened his life, conspired against his chances for employment, assumed "the position and relationship of a common-law husband...
Having heard that U. S. Steel, Boeing Aircraft, other leading Defense producers were delaying construction of urgently needed new plants, the U. S. waited last week for two acts of Congress: 1) a 20%-a-year depreciation allowance for tax purposes on new Defense plans; 2) repeal of that part of the Vinson-Trammell Act which sets an 8% ceiling on aircraft and shipbuilding contract profits. The Administration had spoken for both measures. The Defense Advisory Commission was for them. So was business. So was the President...
...Havana had worked sever al men who held the strings of the U. S. moneybags: President Milo Randolph Perkins of the Federal Surplus Commodities Corp., Earl N. Bressman, economic adviser to Secretary of Agriculture Henry Agard Wallace, young Paul H. Nitze, adviser to President Roosevelt's $10,000-a-year cartelman, James Vincent Forrestal...
Since Jimmy left his $30,000-a-year berth as vice president of Samuel Goldwyn. Inc. (which has suspended production pending the outcome of a legal fight between Movieman Goldwyn and his United Artists co-stockholders), he has also been working on a scheme to make shorts to be exhibited in vending machines (TIME, March 4). Meantime he has moved from his Beverly Hills house-awf-swimming pool to a modest apartment on the other and wrong side of town, now keeps no servants, drives his own car. Says Jimmy: "Joe Kennedy* once told me, 'There are only...
...Stouffer's had solved the mystery of how to make money in the risky, $1,666,000,000-a-year U. S. restaurant business. Whereas a third of the 153,000 U. S. restaurants make no profit at all, the Stouffer chain (in Detroit, Cleveland, Pittsburgh, Philadelphia) netted $83,000 on yearly sales of $2,037,000. By end of 1936 Father Stouffer was dead, the boys were running the show. They invaded Manhattan; their technique worked like a charm. Last week Vernon, president & treasurer, 37, and Gordon, personnel head, 34, rolled out an income statement to turn...