Word: fiscality
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Dates: during 1940-1949
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...Secret Service announced that during the last fiscal year it had made the biggest haul of counterfeit U.S. money in history. Reason: an increase in counterfeiting abroad. Of $3,094,000 in seized fake money, $2,145,200 was uncovered in the raid which U.S. agents and French Police made jointly in Marseille...
Plane Profits. For the first half of its fiscal year, Douglas Aircraft Co. had a profit of $424,951, compared with a loss of $752,307 in the corresponding period last year. For the nine months ending in June, North American Aviation, Inc. netted $1,258,185 (v. $303,847). Grumman Aircraft Engineering Corp., which had been flying at high altitude, came down some: for the first half of the year it had a profit of $1,027,707, down more than 21% from last year...
...Emperor Hirohito was having trouble making ends meet. On an allowance of 8,000,000 yen for the fiscal year 1947-48, he had managed to spend more than 10,000,000. Like other heads of family the world over, he had to dip into capital to make up the difference...
...reasons were plain. The defense program needed only about 2% of anticipated steel production this fiscal year, and will need less than 3% in the following. For the sake of efficiency, the President assigned the job of filling such relatively small needs to the Department of Commerce, which is already supervising a number of voluntary programs, instead of to the Secretary of Defense, as he could have done under the new law. But he warned: "I have given serious consideration to the problems posed by this legislation. I am, of course, prepared to exercise this authority should it prove necessary...
...Eversharp closed its fiscal year with a $3,416,985.23 deficit because...