Word: cash
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Dates: during 1950-1959
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...Latecomer Beck. Promised tall, dour John English: "We are going to wash our own dirty linen." The A.F.L.-C.I.O. believed him. To allow time for the scrubbing to begin, the A.F.L.-C.I.O. Ethical Practices Committee postponed indefinitely its scheduled investigation of the union that once belonged-lock, stock and cash drawer-to Dave Beck...
...real tribal New Deal, the Navajo council has resisted the temptation to ease poverty with cash handouts: divvied up among the 86,000 Navajos, last year's $35 million tribal oil income would have meant only $400 apiece. Under the leadership of grey-haired Chairman Paul Jones, 62, a full-blooded Navajo, with a full count of glittering gold-filled teeth, the council spends very little for outright charity, devotes most of its budget to education and development projects. Items: ¶A $5,000,000 fund to provide 400 college scholarships a year...
...session, since any money he makes lessens the amount the college is allowed to pay him. He may, however, be required to work on-campus, according to the policy of the individual college. In fact it is possible that none of the grant to the athlete may be in cash, but might be in credit for tuition or other fees, books, or payments to public stores or boarding places on behalf of the student...
...Penny Earned. In Hartford, Conn., a burglar quietly broke the glass in the front door of the Eastern Automotive Co., skillfully disconnected the alarm, forced open the empty cash register, desperately ripped open the sales-tax container and cleaned...
Capital & Taxes. The big reason why leasing can be more profitable is that it frees working capital to bring in more earnings. Pennsylvania's Anchor Sanitary Co., for example, found it could make more money by leasing its delivery fleet and using the cash, which it formerly tied up in truck ownership, to buy inventory (plumbing supplies). The bigger inventory turned over seven times yearly and brought a 35% return. Anchor Sanitary paid out about one-seventh of these new profits to lease forklift trucks, salesmen's cars, even office equipment...