Word: milling
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Profits as a percentage of sales can be misleading, however. One of the characteristics of the supermarket business is that it takes far less capital to build a chain of groceries than to start an oil refinery or steel mill, and the stores get much more sales for each dollar invested -so that a paper-thin profit margin on sales can yield a satisfactory return on investment. In any case, supermarket profits have been rising dramatically recently. A. & P. earned $10.3 million in the first quarter of its current fiscal year, almost as much as the $12.2 million it earned...
West German banking authorities suddenly and dramatically revoked Herstatt's license to do business; they also locked its doors. The news caused hundreds of angry, shouting depositors to mill round the bank's headquarters, trying to find out if they could get any of their savings back. Police with bullhorns managed to calm them but could not answer the question. Germany has no equivalent of the Federal Deposit Insurance Corporation, which insures bank deposits in the U.S. On the West German stock exchanges, jittery investors bid share prices of banks and insurance companies down to seven-year lows...
Cinderella Liberty, a run-of-the-mill item about sailors in Seattle, comes to the Harvard Sq. on Wednesday. With it is The Heartbreak Kid, a film directed by Elaine May with the comic touch of something like The Graduate. It's about the young, sheltered and Jewish boy being carried away. If you can handle Cybill Shepard...
...KNEW LIFE wasn't going to be easy on the outside, especially when on the morning of commencement I found that my good ol' run-of-the-mill, blend-into-the-crowd cap and gown had, presto-chango, become a considerably fancier, stick-out-like-a-sore thumb Juris Doctor gown and cap two sizes too small for my head. At the time I confess I wasn't aware of the foul-up, but when I saw none of my neighbors wearing similar get-ups, I got a little concerned. "Oh, god! I'm a freak," I thought...
Hortonville seems an unusual setting for an angry labor battle. Immaculately kept dairy farms, interspersed with scattered forests and sparkling streams, dot the countryside. But the farmers and pulp-mill workers tend to be bedrock conservatives (oldtimers still revere the late Senator Joseph McCarthy, who grew up in Grand Chute twelve miles away), and anti-union sentiment runs high...