Word: grosse
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Dates: during 1950-1959
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...dispute may end before the NATO Council, where Britain and France can point to the fact that Germany has been contributing less than 4% of its gross national product to the Western military effort compared with 9% for Britain, 7% for France, almost 12% for the U.S. To add insult to injury, as tax-weary Britons noted last week, Bonn's latest budget proposal includes a sweeping tax reduction that will eliminate income taxes completely for some 3,000,000 Germans...
...last year's pace?and last year's pace, a grand total of 341 firsts, including an alltime record of 43 stakes races, made Willie Hartack the No. 1 U.S. jockey. His horses ran off with a record $3,000,000, and the jockey's 10% pushed Hartack's gross income toward a comfortable $300,000. In only five years of racing, he had managed to top the field for three years running...
...while the buying has been spectacular, earnings have been moderate; 1957 will show a net of $1.5 million on a gross of $45 million, and U.S. oilmen are watching the bumptious newcomer with some skepticism. But confident Harry Jackson, a veteran of 34 years with Tidewater and manager of its Eastern division when Petrofina hired him in 1956, plans to continue expanding...
...York residents may be paying 45% more New York tax than residents with equal income and number of dependents. One big reason: out-of-state commuters may deduct only expenses directly connected with New York earnings. The great majority of them may claim only a flat 10% deduction on gross income or $500, whichever is less. But a New York resident may deduct interest, property taxes, medical costs, some life insurance, gasoline and sales taxes...
...gross national product, one of the most often-quoted indexes, is also open to criticism. Designed to wrap up all the statistics in one package it comes out only every quarter, "thus ' often reflects where the U.S. economy has been instead of where it is. Says a Chicago banker: "It's a sluggish graph line. When you get a rapidly developing situation, as we have now a lag can be murderous...