Word: gross
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Dates: during 1970-1979
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Organized criminals react like any big businessmen: when they see customer potential they go after it. The potential is reflected to some extent in the statistics for legal gambling. In the last decade, gross wagering revenues have tripled in Nevada's casinos, to nearly $1.2 billion...
Foreign confidence was shaken by the disastrous financial crisis undergone two years ago by the country's national oil company, Pertamina. Afflicted by gross mismanagement and blatant corruption, the company could not repay several billion dollars in loan obligations and had to be bailed out by the government. To help raise the money, the government assessed Caltex-producer of 63% of Indonesian oil-an extra $1 per bbl. in royalties and arbitrarily cut the earnings of other foreign oil companies by about $2.50 per bbl. Admits Indonesian Minister of Mining Affairs...
...dearth of investment capital and monetary imbalances caused largely by momentous outflows of funds to member states of the Organization of Petroleum Exporting Countries to cover fuel bills. A new index of "composite economic performance" compiled by the U.S. National Bureau of Economic Research, combining such measures as gross national income, output, sales and employment, shows that the summit seven as a group have largely regained their pre-recession heights of economic activity (see chart following page). But the progress is erratic. Except for the U.S., only Italy has surpassed its preslump industrial output-and Italy has other grave problems...
...deduction ranges from $1,700 to $2,400 for single people, from $2,100 to $2,800 for married couples. The bill replaces those ranges with flat deductions of $2,200 for singles, $3,200 for the married filing jointly. About 2.1 million single people who have an adjusted gross income of $13,750 a year or more would have their taxes increased an average of $54 a year each by the change. All married couples using the standard deduction would have their taxes...
Feldstein said Nordhaus based his pessimistic conclusion about the fate of capitalism on the declining share of the gross national product accounted for by corporate profits while he, Feldstein, measured the rate of profits as a return on invested capital. He said his study included data about the profit rate in 1974 that was unavailable to Nordhaus...