Word: dropped
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Dates: during 1940-1949
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Business profits will rise slightly in 1947 and '48 to $11 billion after taxes, twice as high as 1940. Unemployment will drop to between 4.5 and 5.5 million. But by 1950 the present huge backlog of demand for goods will be gone. Profits will then drop (how fast and how much, Wallace did not say). Unemployment will rise to between seven and eight million...
Although gross income for U.S. business will drop in 1946, repeal of the excess profits tax will keep net corporate profits at the 1945 level ($10 billion). But wages and salaries, because of lost jobs and less overtime, will drop some $25 billion. Unemployment will soar...
Cheaper Talk. At a Bermuda conference, the U.S. and the British Empire (which control 81% of the world's cables) agreed to new low rates. Starting April 1, rates will drop to 30? a word for fast cables, 15? for deferred and 10? for night. Under some present rates,* this is a whopping cut. New York-London rates, under an agreed 20? ceiling, were not affected...
...weight has long been a fascinating subject to the Khan. Before the war, he used to drop in almost daily at London's Berry Bros, (spirits), weigh himself on their famed century-old scales, and jot down the figure, carefully noting the exact items of apparel included...
Down too went its transatlantic air-express rates, from $2.02 per pound to $1.17. Pan Am also shaved passenger rates on the New York -Lisbon run and on many a Latin American route. Signifi cantly, the drop in rates was greatest -as on the Atlantic routes - where the competition was keenest. Having sunk its knife deep into the hides of competitors, Pan Am then gave it a turn. Said Pan Am: when it gets its new planes now on order (see below) it plans to cut rates again...