Word: higher
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Dates: during 1950-1959
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...moved by their companies and decided to stay. Others remained after forming a wartime attachment for the country and its people. But most hope to start small businesses and enjoy Canada's life. The standard of living is slightly lower (just behind the U.S.), and many prices are higher, but the easy accessibility of fine hunting and fishing makes up for a lot. "They figure they'll live longer. The rat race isn't as bad as back home," explains one official...
...gourmet and shoe-repair shops. By the end of 1958, Barr had reduced Ward's cash hoard from $327 million to $94.7 million. Says he: "By the end of 1959, we will have put all of our excess cash, previously invested in low-earning securities, to work in higher-earning merchandising assets...
SOME stockholders grumble that Barr has spent so much on expansion that earnings have suffered (they dropped below 1957 in 1958). But Barr argues that money spent now will bring benefits in higher profits later. The rise has started. Earnings in the first half this year jumped to $10.6 million from $8.6 million last year. In the next five years, Barr plans to spend $500 million on expansion. By 1963 he expects sales to be running at $1.8 or $2 billion a year...
...Germany's competitors the bidding up of German real wages is a relief. While Germany has boomed, the unions have been slow to demand higher wages. Now that German industry is being forced to share more of its prosperity with its workers, part of the trade advantage that has raised Germany's gold and dollar reserves past $5 billion will be lost...
...addition, since Exeter derives more than a third of its income from a large endowment (higher per student than Harvard University's), experimentation with the curriculum offers minimum financial benefits. If Exeter increased its size and went onto a four-quarter schedule, it would actually lose money (per student), despite the increased economic efficiency. Although the loss would be a matter of less than $40,000, and could easily be covered by a nominal increase in tuition, the fact remains that, for Exeter, or any school or college with a substantial endowment, the financial gain of the revised curriculum...