Word: grosse
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Dates: during 1950-1959
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...rates and financing plans, which should be completed by the end of January. By April, Murchison's group hopes to start laying pipe, plans to have the project in full operation within two years. It should prove a bonanza to all. The two lines figure to gross close to $30 million a year from the transportation and resale of gas. And since Murchison's Coastal Transmission Corp. is owned by his Delhi-Taylor Oil Corp., he should make millions more by supplying a big part of the gas himself. As for Florida's businessmen and consumers...
...Canada's gross national product soared to $29.5 billion, an increase of more than 10%. The year's growth matched the 1955 rate, and raised the country's production to a level six times as high as it was 20 years...
With a record 65 million employed, the gross national product rose 6% to an alltime high of $412 billion, better by $9 billion than most seers had forecast. Al most every American shared in the unparalleled prosperity. Unemployment was down to 2,463,000 in November, and workers were eagerly baited, cajoled and lured into jobs by ads and employment agencies from coast to coast. The shortage was not only of brawn, but also of brain. Some years ago Planemaker Boeing, for example, needed one engineer for every 15 employees. By this year the ratio was down to one engineer...
...liked it so much that they bought out the bookie, capitalized the operation for $10 million, put up mostly by C.M. & M., Waterford Oil Co., Riddell Petroleum Corp. and Houston C Financier Bob Smith (TIME, May 2 1954), guaranteed Jackson and Miles 5% of the new venture's gross. In two years Jackson and Miles leased 285,000 acres in the Wise County area, brought in 110 gas wells and 57 oil wells. They had a spectacular average of ten productive wells for every dry hole, and have drilled on only one-seventh of their leased land...
Keith Funston, president of the New York Stock Exchange, envisioned a gross national product of $600 billion by 1965, provided U.S. corporations can raise $360 billion for expansion. Funston warned that the man who should supply $30 billion of this amount-the private investor-is hindered by prohibitive taxes that have "locked in" $200 billion in unrealized capital gains that could be used for new investments. Funston called the capital gains tax "one of the harshest penalties on success this country has ever devised," suggested tax liberalization to attract more funds for investment in the nation's business future...