Word: grossness
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Dates: during 1960-1969
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...gain the tax break supplied by the oil depletion allowance. Kennedy's original partner, Tulsa Petroleum Engineer Raymond F. Kravis, remains a co-investor and an adviser on operations. He describes the Kennedy investment as "a big small company," amounting to some $10 million and producing an annual gross income of about...
When John F. Kennedy became President, it was disclosed that his personal holdings under the family trust funds were $10 million. The $500,000 gross gave him, after taxes, slightly over $100,000 a year to spend. Like the Boston Yankees from whom he learned so much, Joe Kennedy, in creating the trusts for his children, took precautions, stipulating that control over the principal should pass at stated age intervals. Before his death, the President, on his 45th birthday, had received one-half of the principal held in trust for him, with the remaining half under the discretionary control...
...against it. Though U.N. member states are supposed to boycott Rhodesian exports, Smith claimed that many countries of the free world were quietly helping Rhodesia. On the fourth anniversary of the unilateral declaration of independence from Britain, Smith said that Rhodesia expects a 10% increase this year in its gross national product, "exceptional by any standard." But British Foreign Secretary Michael Stewart recently told the House of Commons that Rhodesia's export earnings had dropped by 40%. "Alone among all the countries of the world." he said, "its total national product is less than it was four years...
...scholarships. Most of that increase must come from unrestricted funds. If one care to appraise the Faculty's ability to take on new commitments immediately as the need arises, then the trend in unrestricted surpluses and deficits is probably a more accurate indicator-although any one single gross index cannot represent full appraisal. Here is the six-year summary of unrestricted surpluses and deficits...
...next year. But largely as a result of the Government's deflationary policies, industrial production has fallen for the past two months, and auto sales dropped in October. Profits are also sluggish. Most economists foresee a decline in earnings and little or no real growth in the gross national product during the first half...