Word: dollar
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Dates: during 1970-1979
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...born to a Mississippi sharecropper and started his career with a $12.95 guitar. Now the value of Elvis Presley's multimillion-dollar empire cannot even be calculated (much of it is in future royalties). According to the terms of his will filed in a Tennessee court last week, Elvis' father, Vernon Presley, 62, is instructed to divide the estate among family members as he sees fit. The only kin mentioned were Elvis' daughter, Lisa Marie, 9, and his grandmother, Minnie Mae Presley, 85. The document, signed last March, makes no bequest to the singer...
Without increasing the federal budget, the Government might sensibly redirect some of its stimulative spending?a bit less for the booming Sunbelt, a bit more for the Northern and Midwestern states, where the urban underclass is concentrated. In 1975, for every tax dollar sent to Washington from the Midwestern states, 760 returned; the Northeastern states got back 860; but the South collected $1.14 and the West $1.20. One reason for the disparity is that many corporations have their headquarters in the Northeast and Midwest, from which they pay taxe based on their total national sales. But there are other factors...
While New Yorkers and San Franciscans are watching The Six Million Dollar Man, what are the natives of such Alaskan outposts as Kipnuk and Mekoryuk doing? They too are watching The Six Million Dollar Man. This is one of the preliminary findings of the state-funded $1.5 million experiment that for seven months has been bringing nine hours of TV a day to 23 rural Alaskan villages via satellite...
...rather naive assumption that if prices generally rose, so would prices of shares, but now inflation is almost universally considered bad for the market. One reason: many investors believe that a large part of the rise in corporate profits is an illusory result of inflation. So a dollar of company earnings is no longer worth as much on the price of that company's stock as it used to be. Even in late 1976, the 30 stocks in the Dow Jones industrial average were selling at a price of 10.4 times earnings; the estimated price-earnings ratio...
...corporate activity that the stock market's sag has not discouraged is the big takeover. Quite the contrary: partly because share prices are low, the number of multimillion-dollar mergers is rising. W.T. Grimm, a Chicago firm of merger consultants, counts a somewhat lower total number of mergers and acquisitions so far in 1977 than a year ago, but in the first six months of this year it found 20 cases in which a company proposed to pay $100 million or more for control of another firm, as compared with twelve bids of that size in the same...