Word: grosse
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Dates: during 1950-1959
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Camel: "Exaggerated claims, with gross wording; lack believability and insult my intelligence...
DEPLETION ALLOWANCE, which allows oilmen to put away 27½% of their gross oil and gas income tax-free (up to 50% of their net), will be continued as is. The Senate Finance Committee voted down a plan to chop the allowance...
...more for the U.S. family and the U.S. economy than the federal housing program. By guaranteeing mortgages and keeping interest rates low, it has helped build 4,450,000 housing units and kindled the great growth of the housing industry. Last year this industry accounted for 7% of the gross national product, directly provided jobs for 2,200,000 carpenters, painters, plumbers and other well-paid workers. Indirectly, it provided work for many more, since new houses swell the demand for washing machines, TV sets, carpets, sofas...
...Hollywood last week, Radio-TV Producer John Guedel, a fast-moving mastermind of audience-participation shows, decided to switch his People Are Funny program from CBS to NBC. For this switch, John Guedel Productions gets $3,200,000, and is thus assured a far bigger gross for 1954 than the $5,000,000 it made last year...
GENERAL MILLS, whose sales of housewares have been slipping, sold out its small-appliance business (electric irons, mixers, etc.) to Mc-Graw Electric Co. of Elgin, 111. (Toastmaster). Last year General Mills' housewares-division sales amounted to 2% of the company's $483 million gross, but current sales are estimated at less than 1 % or under...