Word: nets
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Dates: during 1950-1959
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...replace the present system of price supports, Rocky advocated what he called "stabilization supports," based on production costs and farmers' net income, rather than the prevailing parity concept of equalized purchasing power. But his explanation of what he meant was hazy. Two Midwestern farm experts who read the speech came to opposite conclusions. One said that Rockefeller had "turned his back on Benson." The other called Rockefeller "Benson in sheep's clothing...
...NATO's Continental members, France is the only one that has refused Norstad authority to send its planes into immediate action in event of a Soviet attack, the only one that has refused to hook into the Europe-wide air-warning-and-command net that NATO hopes to finish building by 1961. (Given the small size of Western Europe-Paris lies only 350 miles from the Communist frontier of East Germany-this is roughly like refusing to agree to coordinated air defense of Chicago and Minneapolis...
...Net Gain. In Effingham, Ill., Mayor Paul Taylor (salary: $800 a year) advised future office seekers to "start at the top and run for dog catcher" (1958 earnings...
...with others, to spend 28.6% of its budget on 1,000 salesmen (out of 5,700 employees), plus other promotional activity. Research costs: 9%. Despite the high overhead, the companies are immensely profitable. The Kefauver subcommittee presented tables showing that the drug companies averaged profits of 21.4% of their net worth, compared with 11% for all U.S. industry. Part of the answer, said the subcommittee, was the pricing policy...
...that there will be a sheep industry in the U.S. With rising land values and labor costs, it is pretty tough for a rancher to raise a sheep and make much over $1.50 on it." Delfino, on the other hand, can buy Australian sheep for $5.50 or less each, net $3 per head minimum when he sells them...