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...Britain, the Labor Party's left wing continues to demand the nationalization of shipbuilding, aircraft production and banking-in disregard of the fact that most of Britain's already nationalized industries are chronic money losers whose inefficiencies are a major cause of the country's dismal economic plight. In West Germany, the unions still support the profit motive but are demanding a more decisive voice in how earnings are allocated between workers and shareholders...

Author: /time Magazine | Title: Time Essay: Profits: How Much Is Too Little? | 8/16/1976 | See Source »

...race for supremacy between the nation's three leading banks, one is lagging badly. Last month, while the Bank of America and Citibank reported nearly 12% increases in earnings for the second quarter of the year as compared with the year-ago period, the Chase Manhattan reported a dismal 44.7% decrease in profits, to $30.1 million, v. $54.5 million for the second quarter of 1975. The Chase remains a powerful financial institution, with $43.9 billion in assets. But clearly it has lost its front-running momentum...

Author: /time Magazine | Title: BANKING: Finishing a Poor Third | 8/9/1976 | See Source »

...more than 40% from its peak of $198 an ounce. In three chaotic days of trading last week, gold fell $14 on the London market, reaching a 31-month low of $105.50 an ounce. Though the price recovered to $111 by week's end, that is still a dismal figure for goldbugs, who not long ago were forecasting prices of $300 or more...

Author: /time Magazine | Title: MONEY: The Great Gold Bust | 8/2/1976 | See Source »

Snow's Spanish accent is dismal, so he spends his idle moments attempting to figure out his batting average. He struggles with an intractable decimal point, tries dividing times at bat by number of pitches missed, then multiplying the hits. As Pryor plays him, Charlie is a fellow of wit and resource, and his struggle with these impossible calculations is, much like his whole life, a slowly losing battle against absurdity. Jay Cocks

Author: /time Magazine | Title: Cinema: Infield Hit | 8/2/1976 | See Source »

...Thomas Murphy guessed that 1976 sales, including imports, might rise to 10,250,000 cars. Since then, he has raised his forecast to "at least 10,500,000." Other auto executives foresee sales of 10,600,000 this year. Either prediction would place 1976 far above 1975's dismal sales of 8,600,000 and make this year the industry's third best ever (the record is 11,350,000 cars sold...

Author: /time Magazine | Title: AUTOS: Back to 'More Car per Car' | 6/14/1976 | See Source »

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