Word: invest
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Dates: during 1950-1959
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...Instead of merely firing the older employee or cutting him off with a watch, business is pouring $4 billion a year into retirement programs. With the aid of University of Chicago consultants, Bell & Howell has even drawn up a threeyear, preretirement indoctrination program for older employees to help them invest their money wisely, select an area in which to settle down, cultivate hobbies, and new skills for part-time jobs. One of the primary goals of the modern businessman, says G.E. President Cordiner, is to "encourage his employees to live in the world, not just the company...
...same rate, keeps the small enterprise from growing and competing with big business. Small companies traditionally have financed expansion by plowing back earnings. After surrendering 52% of his profits over $25,000 to the tax collector, the small businessman today has proportionately far less than the big company to invest in research, cost-cutting equipment and plant expansion...
...running the economy--financing governmental services out of additional taxes or fostering an inflationary surge to increase consumer buying power. Instead, the Democratic candidate is counting on the country's "explosive prosperity" to provide the new revenues for his programs out of a broader tax base. He proposes to invest five percent of the nation's added wealth in social welfare programs, while keeping the economy relatively stable...
...which he left in trust to colleges, churches and hospitals), he never retired entirely. Last week, at 70, Charlie Merrill died in his sleep at his Southampton home. Recently he gave one of his last bits of advice to Main Street: "I think every American would do well to invest one-twelfth of his investable funds monthly in stocks over the next five years...
...lower on the second job than on the first. It is, moreover, traditionally the industry's shrewdest bidder. Nevertheless, Wolfson underbid Newport News by $6,000,000-$7,000,000. At that price, experts estimate, Wolfson will lose money. In addition, Wolfson's firm must now invest an estimated $8 million to $10 million in a graving dock just to begin building the sea giant...