Word: cash
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Dates: during 1960-1969
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...more was needed to revamp the entire price-wage structure and provide incentives to restore production to decaying plantations and mines. Though the peasantry survives happily enough on bananas, breadfruit and barter, few city dwellers today can make ends meet without handouts of rice, free housing and cash from their employers...
...Washington that the prospective sharp rise in defense spending (to perhaps $61 billion next year) will mean a federal tax boost (see THE NATION). Short of that, some of Lyndon Johnson's advisers are toying with the possibility of higher income-tax withholding, which would remove spendable cash from private hands at once. Their estimate of the size of the U.S. economy for 1966 has grown and grown-from a gross national product of $710 billion to $715 billion to the present $720 billion-and so has their concern that the combination of military outlays added to heavy plant...
Free from Competition. The merger, the immensity of which will have billowing effects on every financial empire in Italy, will enable Faina to cut costs. It will also bolster power-shorn Edison; under President Giorgio Valerio, 61, Edison has used its expropriation cash to move into electronics and heavy machinery, but most strongly into chemicals, where it has become Montecatini's principal rival. The merged company would no longer have to worry about that kind of competition, nor, because of Italy's easy antitrust laws, about facing monopoly charges...
...long played third fiddle to NBC and CBS. Although it has sales of $421 million and operates 401 movie theaters, it has not had the plentiful cash with which its rivals dominate the TV screen. But last week the word at ABC was money-lots of it. After a year of dickering, the International Telephone & Telegraph Co. (1964 sales: $1.5 billion) agreed to acquire ABC in a move that, if it goes through as expected, will produce a new electronics-entertainment colossus. The combination would outrank Radio Corp. of America (1964 sales: $1.8 billion) and its NBC subsidiary, leave...
...struggle to dam the dollar outflow, the Administration has cut tourists' take-home liquor, curbed bank loans, substituted scrip for soldiers' cash salaries in Viet Nam and even persuaded federal junketeers to stop at U.S.-run hotels abroad. Lately, it has not only leaned hard on investment by U.S. business in foreign plants and companies but has been warning that businessmen will be expected to do still more next year to help the U.S. achieve "equilibrium" in its balance of payments...