Word: nets
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Dates: during 1950-1959
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From the back of the hall, at one of those meetings of parents where nothing new is said, a figure rises, strides forward and speaks his piece with fluent impudence. Its net: the schools are in a mess, and the professional educators are in a dead-heat disagreement about why, and they are too entrenched for their judgment to be trusted anyway; public schools ought to be run as the public wants, and it is long past time the parents took over and did something about...
Only the Western lines felt relatively chipper. Their dependence on high-cost passenger traffic is far smaller, and many also operate profitable sidelines. Hard hit was Santa Fe, with a January-February drop in net from $8,900,000 to $3,700,000 because of slack freight traffic in petroleum products and durable goods. But Union Pacific's January-February railroad net slipped only 1%. Also in good shape was Southern Pacific. With rising income from pipelines and trucking affiliates, S.P. expects roughly the same earnings of $27.2 million in the first half of 1958 as in the same...
Profit at 50%. In paper, the signs of a bottoming out were also starting to appear. St. Regis Paper's Chairman Roy K. Ferguson, while noting that net sales were down 8% to 10% so far this year, reported that customers were beginning to ask for immediate delivery, a sure sign that "inventory reductions are nearing the point where we should feel the impact of an upturn by not later than midyear." As for steel, which so far has borne much of the brunt of the recession. President Avery C. Adams, of Jones & Laughlin Steel Corp...
Milan's Corriere has always been profitable (1956 net: "more than $1,000,000"), made money even after the government drove out thunderously anti-Fascist Editor Luigi Albertini in 1925 and enlisted the paper in Mussolini's journalistic claque. The present owners of the conservative Corriere are three aging, textile-millionaire Crespi brothers (Mario, 78, Aldo, 73, Vittorio, 62). The Crespis, who took control of the paper when Albertini left, say that their only interest in Corriere is "to maintain its high traditions." Among the traditions: good pay, short hours, and a respectful attitude toward newsmen* that...
Nobel Prizewinner Albert Camus is a writer without small talk. His themes-life, love, death, man, God, time-are large and universal. He returns to them in this collection of six short stories, but the net effect-after his brilliant novel The Fall-is oddly anticlimactic. The trouble seems to lie in the triumph of symbol over substance. He offers a series of intellectual puzzlers in which the clues are elusive, though the humanistic passion that runs through them is strong and clear, reflecting Camus' vision of art as a moral inquiry into man's fate...