Word: grosse
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Dates: during 1950-1959
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...Gulf Italia Co.) gets from its Sicilian oil-production operations 80% of all profits, instead of the standard fifty-fifty split. The truth is that Gulf Italia Co., under its concession terms established in 1954, pays to the Sicilian government a royalty of one-eighth of the gross production, plus corporate taxes (i.e., income tax and tax on the capital and on the extra profits). The combined and aggregate payment to the government of royalty and taxes brings about a fair and equitable profit sharing, which is practically equivalent to a fifty-fifty split of the profits...
...chance that the Socialists, who had their brief try in 1947-48, may gain power in the foreseeable future. Though Communists have infiltrated some trade unions, their influence in the country has been contained. Economically, Japan's resurgence is comparable to West Germany's; e.g., the gross national product has doubled since...
Since 1950, gross national product has almost doubled to $5.9 billion. Oil production has nearly doubled to 2,700,000 bbl. a day, and with new wells coming in at record rates, oilmen foresee that it may rise another 85% by 1966. Oil now accounts for about $2 billion in exports, or about 95% of the yearly total. Iron-ore production, mostly by the United States Steel Corp. mines at Cerro Bolivar, increased by a third in 1957 to about 15 million tons. Irrigation projects and rapid farm mechanization have boosted agriculture until Venezuela now produces...
...Americans (some 28 million) now play musical instruments as did 20 years ago; roughly 8,000,000 children are playing musical instruments in schools. "It's accepted by the kids now," says one music educator. "In my day it was considered sissy." The industry reckons that it will gross $470 million from musical instruments and sheet music in 1957. Sales of electronic organs alone have increased an estimated 600% in the past five years (says Hammond President Stanley Sorensen: "If you can get it in the house, you can sell...
...proudest firms are titans leaning on the tots. At Grosset & Dunlap, children's books comprise two-thirds of the firm's publishing operation; 35% of Random House's sales volume is estimated to be in juveniles; fully $13 million of Simon & Schuster's $18 million gross last year came from books for kids...