Word: million
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Dates: during 1940-1949
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...business. While Venezuela's tough but sense-making petroleum code fostered a billion-dollar industry, Colombia's confusing, ultra-nationalist oil laws had crippled efforts to develop resources. It often took ten years to get an exploration concession through Colombian courts. After that, the million dollars spent on drilling a new well would be subject to tax whether oil was found or not. Extra-legal riders of one sort or another jacked royalties as high as 25%; the total government take, in taxes and royalties, sometimes ran over half the value of a company's net revenue...
Summing up, Doug Abbott reported that the budget was planned to show a surplus of $202 million next year. In an election year like this one, it was also planned to catch plenty of votes...
...Decca waxing it fast, "A" You're Adorable ("B" you're so beautiful, "C" you're a cutie . . .*) was a case of "H" you're a hit. In two weeks, Como's dreamy, dulcet disking (Victor) alone has sold a quarter of a million records. Says Businessman Buddy: "The other two guys just can't get over...
...week's end, a jampacked studio audience (some had written in last summer for the free but hard-to-get tickets) and several million listeners and televiewers heard the first two acts of Aida living as it has seldom lived before. For his 82nd birthday, the great conductor had given the world's music lovers a present: the kind of exact and exacting, passionate performance that is in his power to give, dedicated with love and devotion...
...write plays while still at Cornell. He spent three years, much of it living with interns, on his first play, Men in White ("That was a longie"). It won the 1933 Pulitzer Prize. Then, in the same blend of melodrama and social conscience, came Dead End (1935), Ten Million Ghosts (1936), The World We Make...