Word: net
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Dates: during 1960-1969
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Just in case you wanted to know, if Mr. Kennedy were to have a $1,000-a-plate dinner every day, each as successful as the first one (net profit: $1,000,000), he could pay off the national debt in about 864 years...
...financial men also dog the designers, figure the cost of every bolt, chrome strip and screw, and have unit costs tallied well in advance of final pricing. G.M. thus knows its break-even point precisely: when it sells 2,500,000 units or achieves $7 billion in net sales. In 1962 it sold 2,739,000 beyond that point-and the profit on each additional vehicle soared...
...income-the present maximum percentage. For persons 65 or older, Kennedy would discard the extra $600 exemption and substitute a tax credit of $300. Since the $300 would be applied against the tax actually owed (while the $600 exemption merely reduces taxable income), the change would be a net benefit for taxpayers in low and middle brackets...
...putting the shot-threw the ball blindly toward the Northwestern basket 55 ft. away. Starnes looked quickly at the clock; it showed 1 sec. left in the game. The final buzzer sounded, and Starnes glanced back toward the basket. At that instant-swish!-the ball dropped through the net. Players stood rooted to the floor in astonishment...
...forbid it, and floundering local governments do not dare object because they need union support to stay in office. The result has been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged $300 million a year during the 1950s, U.S. companies last year withdrew from Latin America enough money to offset all new U.S. investment there...