Word: gross
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Dates: during 1970-1979
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Damn Right. The city hopes to gross about $8 million on the convention, a good return on an investment of only $500,000. Frugal Democratic Mayor Charles Wheeler plans to recover even some of that money. When the convention is over, the 4-ft.-long sounding block on which the gavel is pounded will be cut up into 2½-in. chips and placed on commemorative plaques. Price: $100 each. Does Wheeler, a good Democrat, plan to buy one? Says he: "Damn right. Every family needs...
...elephant. Corporate profits were up 30%, and sales rose 16%. More than 6 million people flocked to Disneyland (which turned 21 in July), another 9 million to Disney World. The fifth re-release of the animated Snow White and the Seven Dwarfs, which came out in 1937, will gross an estimated $10 million in the U.S. alone by the end of this year...
...corporations earn much more than they actually do, and favor higher taxes on profits. Hence, it would behoove Americans, too, to rid their minds of what Samuelson characterizes as the suspicion that profits are "an exploitative surplus which fat men with an unfair penchant for arithmetic skim from the gross national product...
...actually arrive at such a solution. While there is a need for greater understanding about the beneficial role of profits, there is also a need for clearer reporting of corporate income. As Management Expert Peter Drucker has pointed out, the three main measures used by corporations today-gross and net income plus earnings per share-are far too superficial. A much more analytical system is required that would relate the firm's performance to more telling indicators, such as the return on invested capital, competitive strength, the company's historical earnings trend, and relation of research expenditures...
...knowledge and technology, an inevitable subdivision of labor occurred. The general practitioner faced extinction as medical students entered a wide variety of specialties. Specialization advanced to the point where what happened to the patient all too often depended on who saw him first. "Free market" medicine resulted in a gross geographic and functional maldistribution of doctors. There developed a severe oversupply of specialists in some areas (surgery, where work weeks declined as fees rose) and an undersupply in others (pediatric psychiatry and general practice). The g.p. declined from 64% of the total number of doctors...