Word: grosse
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Dates: during 1950-1959
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...company's gross shot from just under $9,000,000 in 1939 to a whopping $87 million in 1943. With seven other firms. M-K helped build the Navy's Pacific air-base program, spread runways and revetments in 28 different locations on a $1,160,000,000 contract, the biggest by any Government up to that time...
...borrow federal-backed money on a per-room basis. (By 1948, they were being granted $1,800 per room.) But now the rule was changed to let the builder borrow up to $8,100 per apartment. The result was a rash of small one-bedroom "efficiency" apartments and some gross cases of overborrowing...
...Gospel-bootlegger is simply that he is not a minister and has no formal license to preach. Moreover, his regular job in the world is responsible and demanding; he is vice president of the HEB grocery chain, one of the most successful in Texas, with 60 stores and a gross of more than $60 million a year. But he believes that laymen have a real preaching role: "Your listeners will figure 'He wouldn't be talking about religion if he hadn't experienced it,' and secondly the money stigma is removed. They realize it is costing...
...fast-working wonder drug. In the Big Depression, it took 18 months after the start of the Government's public-works program to get the first 100,000 men on the payroll. Even by 1939, when public-works outlays of $3 billion equaled about 3% of the gross national product, there were still 9,500,000 unemployed. Public works equaling 3% of today's national product would total more than $10 billion a year, far more spending than now planned. Actually, the $40 billion a year being spent on defense production is, in effect, a gigantic pump-priming...
...private investment overseas average 85%, or $1.5 billion a year on a yearly investment of $1.75 billion. Hotchkis pointed out that profits are returned not on the current year's investment alone, but on the total investment, i.e., $1.5 billion on $16 billion, or less than 10%. On gross profits, said Hotchkis, the investors pay foreign taxes of more than 30%. Of the net profits, they plow back well over half -62% in 1952-into reinvestment in the countries where the profits were earned...