Word: ink
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...skill (up to $2 an hour now), sold the communal homes to members, let each family choose its own food, source of income, way of life. The new corporation, despite the Depression, promptly raised production of farm products, furniture and handmade textiles (1958 sales: $10 million). Profits replaced red ink the first year, rose to levels ($268,000 in 1958) that provided plow-back capital and paid dividends. Mechanic George Foerstner, who designed the colony's beer coolers, began making refrigerators and home freezers, and bought radio-TV time to sell the wares. By 1950, when his business...
...autos, bounding back from the red ink of 1958, Ford Motor Co. led the march far into the black. Chairman Ernest Breech reported that Ford's second-quarter earnings of $2.76 a share (Ford lost money in the same quarter last year) were the highest for any quarter in the company's history, lifted Ford's half-year earnings 1,676% over last year, to a record $5.22 a share. Though Ford's second-quarter sales were only $3.7 million higher than the first quarter, its profits rose $16.3 million, demonstrating what automen have long known...
...slammed the books on fiscal 1959 (July 1 to June 30) last week, and the red ink splattered over a record peacetime deficit of $12.6 billion. Principal reason for the big red year: the now departed recession, which cut tax revenues by $6.2 billion, raised spending by $1.5 billion, for such antirecession programs as higher housing outlays and pump-priming public work projects. Other spending pressures: a $900 million post-Sputnik boost in defense, $1.4 billion turned over to the International Monetary Fund as of July 1 (but charged against the dying fiscal year), a $2.2 billion overbudget outlay...
Fleet Street's ink was running dry, and throughout the British Isles newspapers and periodicals were closed or closing. Reason: Great Britain's worst printing strike in more than 30 years. Started last month, when members of ten printers' unions walked off their jobs, the strike last week spread to 38 firms making ink for the nation's presses, including those of London's mass-circulation dailies...
...Most Intractable." The "national" papers, i.e., the London dailies, had worked out separate deals with the printers' unions and remained little affected until the ink-manufacturing workers, whose own wage scale is based on that of the printers, joined the strike. With only a few days' reserve supply of ink, the national dailies were immediately forced to cut their size. At week's end they pooled their ink reserves, but could hardly hope to keep publishing much longer. And with publishers and strikers reluctant to compromise ("This," said an official of the Ministry of Labor...