Word: coste
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Dates: during 1950-1959
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...trouble in the auto industry can have something to do with bad management. "You know," says a businessman, "when we were the arsenal of democracy, there was a great premium put on inefficiency of operation. The more payroll a company had, the more profit it would make on the cost-plus arrangement. And when the war ended, there was tremendous pent-up demand for what Detroit could produce, and wartime business became even bigger." A University of Michigan economist recently warned that even after the U.S. recession is past Detroit will still have a serious hard core of unemployment...
...Army stockade in French Morocco in 1944, went over the hill, was picked up the next day, convicted of desertion and sent out with a dishonorable discharge. In 1952 he applied for a passport and was refused on grounds, clearly supported by a congressional act, that his desertion had cost him his citizenship. Chief Justice Earl Warren wrote the majority opinion, with Justices Hugo Black, William O. Douglas and Charles Evans Whittaker joining. William Brennan concurred. Felix Frankfurter, Harold Burton, Tom Clark and John Marshall Harlan dissented. The upshot: 5 to 4 in favor of citizenship for Trop...
...year "before buying a single hamburger." More to the point, he prefers filet mignon. A check-grabbing bon vivant, he turns pale at the thought of scaling down his caviar-and-cognac way of life-and managed to stay in the pink in Russia, where caviar cost $1.35 a portion, cognac up to $2.25 a snifter. He wears custom-made suits from London and monogrammed shirts from Paris (though they do nothing for his built-in rumples). Asked his favorite color, Gunther beams: "Smoked salmon-Prunier's, of course, not Reuben's." Nor would Host Gunther dream...
...reconciled to traveling by air. But even air travel will not be carefree. Between Australia and The Bronx, Pamela and Paul will demand-and get -7,000 earthworms, 165 crayfish, 130 chafer grubs and 1,300 meal grubs. By the time they arrive, Fleay estimates, they will have cost the New York Zoological Society about...
Only the Western lines felt relatively chipper. Their dependence on high-cost passenger traffic is far smaller, and many also operate profitable sidelines. Hard hit was Santa Fe, with a January-February drop in net from $8,900,000 to $3,700,000 because of slack freight traffic in petroleum products and durable goods. But Union Pacific's January-February railroad net slipped only 1%. Also in good shape was Southern Pacific. With rising income from pipelines and trucking affiliates, S.P. expects roughly the same earnings of $27.2 million in the first half of 1958 as in the same...