Word: cash
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
There matters stood until last week, when the President met with House leaders and, with great reluctance, worked out an agreement for a slash of $4 billion in cash from the 1969 budget and a hefty cut of $18 billion in already promised, but not yet due allotments for future budgets. Both cutbacks were then ratified by the key House Appropriations Committee...
Wilbur Mills, chairman of the House Ways and Means Committee, along with Republican leaders, wanted even larger retrenchments: $6 billion in cash and $20 billion in promised money. Economizing on this scale, countered the President, "would really bring chaos to the Government"; at the angry meeting with House leaders, he had said that the country in fact needed a budget of more than $200 billion. "I am the coach," he protested at one point-referring to Mills, who has replaced Senator William Fulbright as his chief nemesis-"and I send in signals for a pass to my quarterback...
...Cold Cash. Ovral will be only the latest addition to American Home's highly diverse collection of scores of bottled, boxed, wrapped and canned products. Founded 42 years ago in a merger of a group of drug companies, American Home soon moved beyond the medicine cabinet. Though ethical drugs, ranging from antibiotics to Equanil to Sabin polio vaccine, account for 35% of sales, and proprietary drugs supply another 17%, American Home now reaches into such diverse lines as kitchenware and candy...
...company's key assets have been a keen sense of new markets and the cold cash to advertise for them. The aggressive salesmanship started in the 1930s when American Home hired on as president a hard-selling toothpowder (Dr. Lyons) executive, Alvin Brush. Brush soon horrified traditionalists by ordering Anacin, which had been marketed as an ethical drug, to be put on sale at drugstore counters. The $50 million current yearly sales of Anacin are more than double American Home's total sales...
...capital in land inventories. But one after another, builders looked at the wreckage of Bellehurst and declined-even after Long Beach Federal S & L settled its fight with the bank board. Finally, Watt hired a computer, made 31 separate runs over the possibilities of profit and cash return, and decided to take the gamble. Since then, the company has also announced plans to take over the unbuilt portion of a grandiose Middlesex County, N.J., project that went into receivership five years...