Word: benefited
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Dates: during 1960-1969
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...Alexander, 61, managing editor of TIME since December 1949-the longest period anyone has served in that post-becomes editor. Said Editor-in-Chief Luce: ''The post of editor, which I held from 1923 to 1949, is revived in order that TIME may have the benefit of a senior executive able and qualified to develop long-range plans for progress and development...
Guest lecturers took particular delight in separating theory from practice for the benefit of their students. John M. Deegan, Democratic campaign manager for Hudson County, earned the nickname "Honest John" after telling the class a first law of politics: "If businessmen don't contribute [to campaign funds], business won't be so good next year." Acknowledging that his own organization spent $250,000 in a Senate campaign, more than double the legal limit, he shrugged: "Nobody pays attention to those things...
...return to a free market is highly unlikely because of the power of the U.S. sugar lobby, which draws its strength from 25 beet-and cane-sugar-producing states, the Philippines and Puerto Rico. The lobby argues that the consumer, although paying for the quota system, has benefited from it through price stability. Over the past ten years sugar prices have risen less than the general rise in consumer food prices. The U.S. retail price of 11.5? per Ib. is about 5? per Ib. below the median price in 121 other nations around the world. Says a top Agriculture Department...
...accrued write-offs to the real estate profits the first two years, Sunset's real estate profits will be taxfree. When the intangible write-offs are used up by 1962, Sterling will carefully gear his well drilling to his real estate taxes, and get rich at the benefit of the tax laws. Says Sterling: "Our people will have to put on roller skates to keep up with the money." Sunset's calculated net gain over the next eight years in its end run around the Revenue Service: $25 million...
...sooner had the painful independence pact been completed than the Congo's neighbors-Belgium's old friends-began making mysterious moves that seemed aimed at carving up the territory for their own benefit. First, France, which still controls much of the region along the Congo's northwestern border, began glancing covetously at the Lower Congo, the narrowing western edge around Leopoldville, which is the Congo's only outlet to the sea. Then, 1,500 miles inland, the British-controlled Rhodesian Federation was talking of annexing the Congo's Katanga province, which produces 60% of Congo...