Word: gained
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Dates: during 1950-1959
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...automation was bound to boost the standard of living by increasing productivity and creating new jobs in the building and maintaining of the new machines. Said another C.I.O. boss, the late Philip Murray, in 1951: "I do not know of a single, solitary instance where a great technological gain has taken place in the U.S. that it has actually thrown people out of work." The Age of the Atom. The age of atomic power changed from dream to the threshold of reality in 1954. The new Atomic Energy Act brought the atom out from behind the closed doors of Government...
Momentarily stunned, the Crimson soon retook the initiative and went ahead again on Frank Mahoney's goal at 3:19. Lawn tried to another a shot by Ned Blase but Mahoney scored before he could gain control...
Although all new shipments come from the companies at reduced rates, dealers will take a heavy loss on inventory stock bought at the old prices. Their only gain will be in possible increased sales...
...misleading flaw in the figures is that none of the new millionaires count on salaries alone. By whatever energy, invention or imagination they make their big stake, they keep it by taking careful advantage of the capital gains tax,* under which assets held for six months can be sold as a long-term capital gain and the profit taxed only 25%. A single man who invests his money in an apartment house, for example, then sells it six months later at a $300,000 profit, would have to pay $247,280 to the Federal Government if the profit was taxed...
Such big rich Texas oilmen as Clint Murchison and Sid Richardson (TIME, May 24) have made their millions by a variation of the capital gain-the depletion allowance. Others have made their millions in a dozen different ways, helped by capital gains. They have built up old companies, formed new ones, invented new products or services and even entire new industries-all with profits (when and if they sell out) subject only to the capital-gains tax. Los Angeles' William Lear, for example, has built his Lear, Inc. into a $50 million company making automatic pilots and other electronic...