Word: interestingly
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Dates: during 1950-1959
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Conquest: On the crest of an urgent new interest in science, CBS this week launched a new $1,000,000 series, ten hour-long shows spread over this season and next, sponsored by Monsanto Chemical Co. "to help penetrate the wall that separates the man in the laboratory from the rest of us." The opening show put the viewer's eye to microscopes that revealed viruses and, through time-lapse photography, a human cell mushrooming with cancer. It also presented a primer on oceanography and, in the best segment, an exclusive filmed report of Air Force Major David Simons...
Arcadia with British Accent. "During the 18th century, for the first and only time in British history, an interest in and knowledge of the arts became fashionable," writes the present Duke of Wellington, for the exhibition's catalogue. The English gentry, he points out, enthusiastically studied the architectural plans Lord Burlington published of the Italian villas by Palladio, proceeded to plan their parks and redesign their stately homes, hanging the walls with Spitalfields silk and decorating them with the furniture of Chippendale. To furnish them with art, English artists labored prodigious hours at their easels...
...move to save his skin. As a recent Penn-Texas report to the Securities and Exchange Commission made clear, Silberstein has "Blundered into one of the weirdest financial squeezes in Wall Street history. To buy his F-M stock, Silberstein had to scour the U.S. for loans, some carrying interest rates and other costs totaling 15%, and almost all due within a year. Just to get some of the loans from "24 banks in various parts of the U.S.," Penn-Texas had to pay finders' fees of $98,296 to those who arranged the loans, plus extra "service" charges...
...standard method of gauging a company's health is to inspect its net profit-its earnings after all costs, taxes, depreciation and interest charges are deducted. In turn, net profit is split into dividends and cash retained for investment. Before World War II, when expansion was comparatively small, such a breakdown gave an accurate idea of profits. But today, because of expansion, many economists, including those at the Federal Reserve Bank of Chicago, think that it gives a misleading impression...
...include such things as depreciation, i.e., funds set aside to help pay for new plants and replacement-in effect, profits plowed back into the business. To get a better idea of profits, the Chicago Fed uses "gross returns to capital," counts the total profit after taxes, including all depreciation, interest, retained earnings and dividends. On that basis, there is no profit squeeze. Gross profit margins have actually gone up, will total 7.6% on sales in 1955-57 v. 7.4% in 1946-48. The fact that so much of this profit is poured back into expansion has caused the profit squeeze...