Word: grossing
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Dates: during 1940-1949
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...Pros, holding their annual tournament on the hallowed grass at Forest Hills for the first time in eleven years (with 10% of the gross receipts going to Navy relief), are staging the best tennis show of the season. Except for Defending Champion Fred Perry, who fell on his arm opening night of last winter's professional barnstorming tour and is still unable to bend his elbow without wincing, its cast includes most of this generations best shotmakers. Favorite among the field of 32 is Don Budge, now a physical education director at Miami's Embry-Riddle Aviation School...
...umbrage at any suggestion for improvement of the South's backward economy. Dr. Odum made no suggestions; he just went on laboriously piling up his facts. He turned up some whopping ones: e.g., with much of the richest soil in the U.S., the Southeast spent 7% of its gross income for commercial fertilizer, almost as much as it spent on education (it bought two-thirds of all the fertilizer used in the nation). Reason: its cash-crop, soil-consuming system (cotton and tobacco). But Dr. Odum impressed Southerners most with another big fact: that the Southeast possessed resources...
...compendium on the U.S. Navy more complete even than Jane's famed Fighting Ships.* The public grabbed copies for a first look at many heretofore unheard-of-ships. The Navy, whose own information is strewn about in mimeographed charts, blueprints and cumbersome data sheets, ordered copies by the gross to instruct boot and admiral alike on what's in the Navy. Navy men tell Fahey that he saves them a lot of fuss, filing and paper shuffling...
After taxes, first-quarter profits flopped 25% below 1941, although pre-tax profits were up 29%. After-tax profits were 14% below even the first quarter of 1940, though gross profits were up 114%. The 270 companies earned $817,395,000; after $546,580,000 in U.S. income taxes, had $270,815,000 left for shareholders...
...case of fabulous bonuses paid to evade taxes. A $4,100-a-year foreman got $25,000 extra; an $8,000 superintendent got $50,000; a $6,600 vice president got $50,000 too. All told, $2,071,315 was passed out in bonuses last year-nearly 10% of gross sales, and about 80% of net profits...