Word: nets
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Dates: during 1950-1959
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Upstairs in the White House, Dwight Eisenhower and his lady delayed their entrance until the arrival of the tardy (by 15 minutes) Tunisian ambassador. When the ambassador had joined the throng in the East Room, the President, in white tie and tails, and Mamie, in a scarlet net gown set off by a heart-shaped diamond pendant, came down to greet the 78 guests and launch the most important diplomatic social function of the year...
...most Western European nations these days, no party commands an absolute majority, and most must rule by coalition. The net effect of coalitions is usually to dull debates, to narrow ambitions and to blunt the cutting edge of bold politics. Rivalries that would otherwise be threshed out in the open, are fought out instead inside Cabinet meetings. Cabinets fall unexpectedly and new ones must be formed. Examples of these processes at work last week...
...with Eastern Air Lines along most of its route, National has been hitting bumpier and bumpier weather, is operating a load factor of 52% v. a break-even point of 54%. In the twelve months ended Sept. 30, the line lost $748,944; the year before it had a net profit of $2,484,369. National's main hope is new equipment to attract more passengers; it has orders for three Douglas DC-8 pure jets, another 23 turboprop Lockheed Electras. But its place on the production line is so far back that it will not get the first...
Because there is a higher net per car as volume increases, American Motors' profits are soaring far higher than the record $4.65 per share posted in fiscal '58. Romney expects to net a minimum of $17.5 million in the first six months, compared to $7.329,631 in the same period a year ago. Wall Streeters are just as optimistic; they figure that if Romney can keep up the hot pace and sell 325,000 cars in the whole year, American Motors will net upwards of $14 a share before taxes. Rambler is not only doing well...
...totting up-and increasing-their federal tax bill. The companies (in which 109 million Americans have policies with a face value exceeding $458 billion) last year paid $292 million, based on a stopgap law that levied the regular 52% corporate income tax on up to 15% of their net investment income. Industry executives who jammed the committee room for hearings last week heard Rep. Wilbur D. Mills (D. Ark.), chairman of the House Ways and Means Subcommittee on Internal Revenue Taxation, indicate that the present tax is out of line with what other industries pay. Mills made it clear that...