Word: cash
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Dates: during 1960-1969
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...lack of inspiring visions in America America is due to a relentless realism--and certainly many immigrants did emphasize the cash value of the golden door-- then Kazan is guilty of inconsistency. Although setting and dialogue are entirely unaffected, the events of Stavros' journey are hardly typical. In the end, he owes his equivocal success to his good looks, even though there are less contingent and less glamorous means of escaping Turkey. And occasionally a trite episode mars the credibility of the story. A fellow immigrant whom Stavros aids early in the picture, for instance, inevitably pops up to repay...
Gertrude Novak, a Senate clerk who, with her late husband, was a partner in Baker-inspired motel and stock ventures, testified that she frequently went to Baker's office to pick up sums ranging from $1,000 to $13,300, always in cash. She said that the money was for operating expenses at the Carousel Motel in Ocean City, Md. Baker and the Novak family built the $1,200,000 motel in 1962, later sold it to Serv-U Corp., a vending-machine firm in which Baker is a major stockholder...
...billion drop in corporate taxes for a few years,* but the cut is only one of the factors encouraging them to spend. Profits after taxes have risen from $21.8 billion in 1961 to $27.2 billion in 1963. There has been an even sharper increase in the amount of cash in corporate coffers, since companies are writing off more income in the form of depreciation expenses under the liberalized depreciation rules passed in 1962. At the same time, rising orders for basic materials, industrial machines and other durable goods have pushed production beyond 85% of rated capacity, which is the point...
President Joao Goulart has just signed a decree doubling the monthly minimum wage for urban Brazilian workers to 42,000 cruzeiros, which is $68 on the official exchange rate and about $30 in actual buying power. The workers are glad to get the cash they need to chase rising prices, but the new move adds just another episode to the nightmare that businessmen must endure to survive in Brazil. Says William Jones, general manager of Remington Rand in Brazil: "Every executive here should read Through the Looking Glass at least once each week-especially that part where Alice is told...
...Among the slowest payers: the Brazilian government, which seldom honors its bills promptly; last week the U.S. and five other nations agreed to ease the burden of Brazil's $3 billion debt by stretching out payment schedules. Businessmen are finding it difficult even to keep on hand enough cash to carry on. Willys of Brazil complains that many of its auto dealers are losing more money through inflation than they are able to make on their auto sales...