Word: chunk
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Dates: during 1950-1959
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...Navy last week staked an early claim to a large chunk of the U.S. defense budget for the next decade. Secretary Dan Kimball announced that plans were being drawn to build not one, but ten, 60,000-ton aircraft carriers, each larger than any carrier now afloat.* To be built at the rate of one a year, the new super-carriers would be sister ships of the U.S.S. Forrestal, whose keel will be laid this summer. They would have 1,000-ft. flight decks, fully retractable islands to allow more landing space, and a cruising speed of well over...
Food purchases, however, make up only half the cost of Dining Hall operations. Food preparation, service, and book work take up a sizeable chunk. The Dining Halls should do everything possible to increase efficiency along these lines...
...investment in plant and equipment ($2,174,000,000) makes it bigger than General Motors Corp. At the end of its present expansion program, it will be bigger than U.S. Steel Corp. and General Motors combined. AEC will soon ask for (and probably get) another $6 billion. When this chunk of money is spent on new, strange, secret and dangerous equipment, the AEC will be bigger than the Bell Telephone System, now the largest business organization...
Through the deal, Zeckendorf will get control of a big chunk of new capital. Since Superpower is traded on the New York Curb Exchange, the new corporation (which will probably be called Webb & Knapp Corp.) will be in a better position to raise more capital, and Zeckendorf's own stock will be more marketable. The new corporation might sell its utility holdings and concentrate on real estate...
...gains tax on profits from the sale. Georgia-Pacific got nearly 1 billion feet of timber worth $24 million at current market prices. It will also take over the Johnson company's excess-profits tax base of $2,000,000, will thus be able to keep a bigger chunk of future profits. Better still, Georgia-Pacific picked up the $6,375,000 in cash and bonds in the Johnson company's till, thus cutting its actual outlay by a third...