Word: lost
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Dates: during 1960-1969
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...cakes and, although nobody ever explained why, a Green Beret unit from nearby Fort Bragg put on an exhibition of hand-to-hand combat. There was an upset in the women's division: Mrs. Anita Thornton, whose dinner call can be heard by her husband three miles away, lost to Mrs. Jeanne Marie Brown of New Orleans, who charmed the judges with her "Dismal Swamp Call." Dewey Jackson won the big gold trophy, as expected, then triumphed in the duet competition with his brother O. B. But Henry Parsons, 73, became everybody's sentimental favorite with the holler...
...Salle, two economists at California's San Jose State College, recently found that only 20% of the banks bothered to make credit checks. The economists also discovered that despite the profit potential of credit cards, many banks suffered bad losses. In all, 10% of the reporting banks lost between 17% and 40% of total charges during the first year of their credit-card business. Two-thirds of the banks earned no profit at all on the cards during 1968, partly because of high start-up costs, but also because of lack of experience in handling large-scale retail credit...
...National Coal Board, for example, has been so slow to close inefficient pits that it requires immense government subsidies; it lost $24 million in fiscal 1969. The railroads have run a deficit of around $365 million in each of the last two years. The utility industry was pushed into an excessive expansion program and has had to raise electricity prices. Now the pressures of hard politics threaten to make a similar financial mess out of British Steel Corp. (BSC), the company that the government was counting on to prove that nationalization could really work...
Forced Subsidy. The company's efforts to earn the profits to pay for that modernization, however, have yet to succeed. Although BSC had 1968 sales of $2.6 billion, which ranked it as the world's third biggest steelmaker, behind U.S. Steel and Bethlehem, the company lost $29 million, and there is no immediate prospect of getting out of the red. Melchett has been frustrated in efforts to cut costs, partly by the government's policy of protecting the nationalized coal mines. BSC is not allowed to import low-cost foreign coal, and purchases of foreign...
...Joiner, then a septuagenarian wildcatter, opened up the great East Texas oilfields in 1930 when he brought in his gusher, Daisy Bradford No. 3. Legend has it that soon afterward he lost oil leases worth $100 million in a three-day card game. "Anything you hear about the boom towns won't be an exaggeration," says H. L. Hunt, the multimillionaire, who remembers that holdup men were so common that he and his partners would always walk single file and 16 feet apart when they went to town. The reason, he explains, was that "the bandits wouldn...