Word: co
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Dates: during 1950-1959
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When Hollywood partners part, they often do it with a bang. Author Ben Hecht and Cinemactor Bob Hope were partners in MGM's The Iron Petticoat, a Ninotchka-type farce co-starring Hope and Katharine Hepburn. The script by Hecht tells of a Russian aviatrix who flees the Soviet Union in a MIG and is piloted about Europe by a U.S. Air Force officer. Now that The Iron Petticoat is ready to be publicized, Scripter Hecht last week washed his hands of the whole project in a paid ad ($275) on the back page of the Hollywood Reporter...
Last week the Middle Eastern Switzerland turned out instead to be a little Egypt. It threatened Iraq Petroleum Co., producer of one-fifth the Middle East's oil, with confiscatory fines, warned that it might nationalize the oil company's Lebanese properties...
...move to tax co-operative associations for the refunds they pay to members was given little chance for success yesterday by Dean Stanley F. Teele of the Business School, director of the Harvard Coop...
Initiated last Friday by several corporations in Chicago, the move would force co-operatives to pay taxes on money they return to their members, just as corporations pay taxes on dividends they pay out. Teele explained that the refunds are not like dividends, but are actually "part of the price paid" for purchases by the recipient...
Replying to statements by Chicago businessmen that the tax-free refund allows co-ops to undersell them, Teele claimed that this is not true in the case of the Coop. "We meet competitive prices" of Cambridge businessmen, he said...