Word: evens
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Dates: during 1950-1959
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...will produce more taxes automatically." Bannow went on to say that "taxes should be such as to encourage business," and plugged the N.A.M. program for reducing taxes to 47% maximum on individual and corporate income. Such tax reforms would put "enough incentive into the bloodstream of business to produce even greater Government revenue than we have...
...vote will probably be no-as it has always been in such cases-but industry was gambling that there would be enough yeses to embarrass McDonald. In any case, union leaders are not bound by the vote; they can call another strike even if workers want to accept the offer. If no settlement is reached, the Taft-Hartley injunction will be dissolved shortly after the vote. The Government will have no way of preventing a new strike, since the President has exhausted the measures he can take under the present law. Federal Mediator Joseph Finnegan called union and management together...
...circumvent the blockage of the North Sea, the company outfitted its own fleet of fast blockade-running ships. With the home market protected from competition, the brothers Philips steadily pushed into new lines, made X-ray tubes for Dutch physicians. Seeing radio coming, they were turning out receiver and even transmitter tubes by 1919. After Gerard retired in 1922, Anton aggressively expanded, set up Philips plants in most countries of the world. Today from Eindhoven, one of Europe's biggest company towns (pop. 160,000), Anton's son-in-law. President Frans Otten, and Anton...
...rising volume and constricting profit margins, Philips is the envy of its competitors. Although 1959 sales are 15% over 1958, the profit margin actually is widening (e.g., 7.6% so far in 1959 v. 6.8% last year). Even last year, Philips' return on sales was higher than General Electric's, which was 6.1%. Looking ahead, the stockholders, whose investment has appreciated six times in ten years, firmly believe, with President Otten, that "growth is in our blood...
...G.N.P. has been expanding at a rate of 7% a year-"at least twice" the rate of about 3% for the U.S. in the past six or seven years. Dulles estimated that Russia will continue to grow through 1965 at a rate of 6% a year. Thus, even if the U.S. G.N.P. increase rises to "our best postwar rate" of 3½% to 4%, Dulles predicted that by 1970 Russia's output will be 55% of the U.S.'s. The industrial gap may close even faster, says Dulles, since the Russians are expanding their industrial sector...