Word: downwardly
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...Research Corp. of Princeton, N.J., a majority of those questioned thought that companies averaged 330 profit on each dollar of sales. A sampling of college students by Standard & Poor's yielded an even higher estimate: 450. The actual figure is below 50 -and the overall trend has been downward. According to a FORTUNE survey, the 1975 median profit margin of the nation's 500 largest industrial corporations shrank to 3.9% of sales. That was the thinnest margin in 17 years...
...most worrisome uncertainty is the Ford Administration's move toward "deregulating" the airline industry by, among other things, allowing competitors easier entry into the established airlines' markets, thus at least theoretically putting downward pressure on fares. That, say airline chiefs like TWA's Charles Tillinghast Jr., would result in a "free-for-all" and drive down revenue just when the lines most need it. The Administration seems to have tempered its initial vigor, and needed compromise will probably not come until the next presidential term...
Last year Rockefeller and his management staff set up a profitability analysis project to halt the bank's downward slide. Consequently, the Chase has been moving faster into the merchant banking field abroad. Loan standards have been tightened. The Chase has closed six of its 265 branches because they were unprofitable, and as many as 30 more might be shut down. In an effort to trim its paperwork problems, the bank has sold off its payroll processing and stock-transfer departments to smaller data-processing firms. As a result, in a move that one veteran officer describes...
...latest trouble, which had been simmering since January, turned worrisome two weeks ago (TIME, March 22), when the lira's drift downward accelerated and the pound fell below the psychologically sensitive $2 mark. The basic cause was economic disarray in Italy and Britain, which have the highest inflation rates among major European countries. The declines immediately made the goods of both countries cheaper in world markets, and moneymen began selling francs in the belief that the French government, which is struggling with a 10% inflation rate, would have to let their value fall to keep French exports competitive...
...estimated 436,000 registered voters in New Hampshire, from 2.78 million to 2.84 million in Massachusetts and from 3 million to 3.5 million in Florida. But in big cities, registration is down-by 102,000 in Chicago and 42,000 in Boston. Since cities are Democratic bastions, this downward trend may hurt the Democrats in November...