Word: boons
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Dates: during 1960-1969
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Died. James Ford Bell, 81, a milling executive's son, who in 1928 merged four faltering companies to form General Mills, now world's largest miller, as President and Chairman from its birth until his retirement in 1947 made it a housewife's boon by marketing a pantryful of prepared foods (Wheaties) and baking materials (Betty Crocker cake mixes), later entered such diverse fields as industrial chemicals, precision instruments, high-altitude research balloons; of a heart disease; in Minneapolis...
...professionals in the $5,600 to $11,200 income group-they actually would drop sharply. "In the modern world," said Lloyd, "the work of the manager, the scientist, the technologist" must not be taxed out of existence. As if anticipating the angry protests from the Labor benches at this boon to a special high-salaried class, Lloyd announced a boost in the profits tax on industry (to 53¾% of a company's income), declared that firms could no longer charge off as "business expenses" on their tax returns automobiles worth more than $5,600, i.e., the Jaguars...
...chapel and religion courses. Liberal education is the primary task at hand, not religious indoctrination. About half the professors in each hold doctorates-well above the national average. Big universities, when raiding small campuses for staff, tend to steal researchers. The schools listed are largely pure teaching institutions, a boon to "late bloomers...
...quest for new products and more efficiency was a boon to some companies, a temporary check on the earnings of others. Benefiting from the office automation boom, IBM profits soared $5,000,000 in the third quarter over the same period in 1959, lifted per-share earnings for the nine months to $6.51 v. $5.57 last year. Aided by 70% load factors on its new jets, which now carry 56% of United's passengers, United Air Lines made a steep climb; President William A. ("Pat") Patterson announced record third-quarter earnings of $1.97 per share, up from...
...Bane or Boon? Even so, the success of the Formula Junior is worrying many of its original backers. Many of the first cars were slapped together by backyard mechanics, and the races had a pleasantly informal air. Now the winning cars come almost exclusively from more than 20 Italian, English, French and U.S. firms-including renowned racing names like Lotus, Cooper and OSCA-who are building the new cars at peak capacity. Europeans are grooming their Formula Junior cars with Grand Prix care and cash. When New York's grand old Vanderbilt Cup was revived in June after...