Word: grossness
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Dates: during 1960-1969
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...process is working reasonably well." But the remaining 12% of the disputes present major headaches for industry and for the economy as a whole. If the Ford strike lasts until Thanksgiving, former CEA Chairman Walter Heller last week warned the Economic Club of Detroit, the resulting drop in the gross national product could reach $4 billion...
Nasser also faces a threat from his own intelligence service, which turned up the Amer plot. An unfathomable maze of gross and petty intrigue, the intelligence network, like the army, has undergone a top-to-bottom purge since the war, which showed up its almost total ignorance of Israeli plans and strategy. Among the first to go was the service's powerful top man, Sala Nasr. Last week Al Ahram announced that Nasr, too, had been arrested in connection with the Amer plot. Since Nasr ran a tight one-man show, turning his agents into almost a private army...
...figured in. But then there is the $126.7 billion of Government spending, the $189 billion service industry, the $21 billion annual economic loss through crime, and the $25 billion that Vance Packard says is spent on disposable packages each year. The grand total has soon soared past the gross national product...
Oddly enough, the three networks did relatively poorly: while grossing $904 million from time and program sales, they netted only $79 million before taxes, a mere 8.7% of the gross-compared with such corporations as Amerada Petroleum (49%). One reason is the high cost of filming documentaries and maintaining big news-gathering organizations. Another is the higher cost of developing new entertainment programs; the networks spend $15 million to $24 million a year replacing shows that have flopped...
...contrast, TV stations themselves have fewer such costs and, sometimes, less "public service" conscience. As a result, the 15 network-owned stations netted $108 million last year before taxes -41.2% of gross earnings. The other 593 stations included in the FCC report turned a pretax profit of $306 million-29.6% of gross...