Word: nets
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Dates: during 1950-1959
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...month mail clerk at Procter & Gamble's Cincinnati headquarters. Twenty-three years later, he was elected president (current salary: $285,000), helped make P. & G. the U.S.'s largest soapmaking firm (20 plants in seven countries, 30,000 employees, $1,038,290 net sales...
...could end huge surpluses, high price supports, acreage controls and big Agriculture Department budgets. But it was Benson's bad luck to take his job just as the farm economy was about to feel the technological explosion's full impact. Under the impact, farm prices sagged. With net farm income sliding from $13.3 billion in 1953 to $11.6 billion in 1956, U.S. farmers were in no mood for experiments with lower price supports, and Congress was in no mood to make the farmers any madder. So Benson found Congress unwilling to rise very far above politics...
...strategy laid down weeks earlier by the commander of the Southern Democratic rearguard, Georgia's Senator Richard Brevard Russell (see below). No one claimed that the debate had not been full or the tactics fair (the South argued redundantly but on the points at issue), or that the net bill did not mark some slight progress. But by the same token, no one could argue that the verdict was not a hard slap in the face of a nation generally trying to live up to its own constitutional guarantees. It was also a shrewd political blow to an Administration...
...Minnesota psychiatrists last week set forth a startling and controversial theory of sex deviations. Its net: many outwardly respectable American homes may, more or less inadvertently, "seduce" children into becoming sexual deviates. The two psychiatrists, who published their theory in the A.M.A. Journal: Dr. Adelaide M. Johnson, 52, professor of psychiatry at the University of Minnesota, and Dr. David B. Robinson, 33, of the Mayo Clinic. They put the blame for deviations squarely and almost exclusively on the parents-who in turn must have been warped by their own parents...
Many of the experts responsible for advising CAB's five-man policy board argue that U.S. airlines are not so badly off as the operators claim, that the net operating income of previous years-a fat $224 million for 1955 and 1956-should carry the lines through any turbulence in 1957. Even this year, say the critics, U.S. domestic trunk lines will fly an estimated 41 million passengers, 10% more than the 1956 record, and enough to assure possibly a 20% return on investment v. the standard 8% return CAB considers "reasonable...