Word: account
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Dates: during 1950-1959
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Along with the relative decline in exhibitionistic spending has come a decline of the class that practiced it. Compared to 1929, the $100,000-plus income group (after taxes) today is less than a fifth as large, accounts for only a sixth of the aggregate income it accounted for in 1929, provides only .038% of national luxury income v. more than a third in '29. But while the apex of the pyramid has shriveled, the middle has filled out: there are now 30.6 million families with personal incomes of $4,000 or over who account for a luxury income...
...must take into account that the ordinance's Indian policy never became permanent, that universal manhood suffrage came much later than 1787, that the British question was settled before the ordinance, and that the settlement of the Northwest territory was of much less "lasting significance" than the method of admitting states into the Union...
...Money. Bullock's report is based on a poll of 1,028 households, out of Houston's burgeoning Negro population of 156,000, and of 127 stores patronized by Negroes. He calculates that Houston Negroes spend $168 million a year; they constitute 21.2% of the city population, account for 15% of its purchases. Furthermore, he figures that this spending power is backed by a property investment of $45 million...
...Britain's $70 million Birmingham Small Arms Co. (Daimler cars, rifles, motorcycles, etc.). By a vote of 2,687,749 to 683,212, stockholders supported B.S.A. directors, who had fired Sir Bernard (TIME, June 11) for mismanagement and extravagance, e.g., gold-plated Daimlers, $31,000-a-year expense account...
...Stockholm. For the lead, the Times called on Pulitzer-Prizewinner Meyer Berger, who had sat at his desk all day stitching together fragments from Times reporters, wire copy and the ship lines. His story spread across four columns, and in his clear, quiet prose, Berger wrote the most moving account of all. At last, wrote Berger, "it was nine minutes after ten under a brilliant summer sky when the Andrea Doria, in a final plunge, went down in 225 feet of water, her hull glistening, her shroud a rain of spray caused by her violent death . . . There was no sound...