Word: gainful
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Dates: during 1940-1949
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Virtue's Reward. But artistic integrity had more than its own reward. By going independent-and by an artistic use of the capital gains tax-they could also make money fabulous even for Hollywood. A corporation can hold its picture for six months, then sell it and call the profit a capital gain, taxable at 25% instead of 85-95%, the top tax on ordinary income. A producer can either 1) sell his interest as a stockholder in the corporation; or 2) dissolve the company that made the picture. An example: Independent Producer Lester Cowan, who made Story...
...National Labor Relations Board, in a decision involving the Jones & Laughlin Steel Corp., will rule on recognition of the foremen's union, may well give Lewis as much by edict as he could gain by strike...
...S.H.P. likes land reform, but it also distinctly favors private land ownership. By classic standards it is slightly left of center, but it comprises the right wing of the present democratic bloc, and it is nonsocialist. The S.H.P. recently gained urban strength in the Budapest municipal elections, and it was expected up to last week-to gain rural strength in the national elections...
...Employes Gain. Only ones who gained were Ward employes who got raises from the Army. Sewell Avery magnanimously announced that there would be no pay cuts. The question whether Ward's will be forced to pay the $800,000 in retroactive pay raises which WLB also ordered is still undecided. The Army hoped it could pay them out of its operations-but it never made enough money...
...Minister's new Steve Early is one of the bright boys of British Socialism: chunky, rumpled, pipe-smoking Francis Williams. Reporters from many nations had applauded Francis Williams' deft handling of British publicity at the San Francisco conference. He convinced Tory Anthony Eden that Britain stood to gain by letting the press in on what went on; consequently, the correspondents' behind-the-scenes picture came to them mostly through British eyes...