Word: nets
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Dates: during 1950-1959
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...Net Effect. Facts Forum's Angel Hunt, who lives in a house that is a reproduction of George Washington's Mount Vernon home (but five times bigger), refused to tell Reporter Bagdikian what Facts Forum's annual budget is, claimed it has "strict rules against carrying on propaganda or attempting to influence legislation," and therefore deserved its tax exemption and free radio-TV time. But Reporter Bagdikian vigorously disagreed, said that the "operations of Facts Forum have often exhibited a spirit which is the opposite of free debate in good faith." Concluded Bagdikian: "[The] net effect...
...level for the first time, thus making it the 31st U.S. company to pass the magic mark and become a member of the "Billion Dollar Club." Firestone's record: $1,029,000,000 worth of rubber goods and plastics sold ($64,000,000 better than 1952), for a net profit of $46,748,971, or $11.77 a share...
...have to be about $200 billion instead of the $19 billion now credited to the fund. Furthermore as a group, individuals covered during 1937-1950 have received sufficient value in survivors' benefit protection to at least off-set their own contributions. In other words they did not contribute anything net towards their retirement. Also the trust fund is not now large enough to cover the benefit payments that will have to be made to those currently on the benefit rolls, to say nothing of the tens of millions now contributing and who will be on the benefit rolls in future...
...retaining their championship, the Lions accomplished what no other team had managed to do in Otto Graham's eight years of professional play: they held Graham to two pass completions (in 15 attempts), for a net gain of just four yards...
...personal income taxes will release $1.9 billion for consumer spending; the death of the excess profits tax provides a well-padded corporate cushion against a sales drop. Sales of General Motors, for example, could drop as much as 37% in 1954, and the automaker would still end up with net profits as good as in 1953. General Electric, even with some drop in sales, could boost its earnings to $7.50 a share this year v. an estimated $5.50 in 1953. (In anticipation, traders have pushed G.E.'s stock up 20 points to $87 in the past six months...