Word: netted
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Dates: during 1960-1969
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...Club was a useful spot for meeting influential people in business and politics. Such people, in turn, were useful to Bobby Baker in his breathless pursuit of a buck. It was, by any standard, a successful pursuit, for Baker's net worth rose to something around $2,000,000. That income, presumably, enabled Baker and his wife Dorothy, who has an $11,000-a-year job with a Senate committee, to move recently into a $125,000 house near the home of Bobby's friend and longtime Senate sponsor, Vice President Lyndon Johnson, in Washington's Spring...
...clear last night when the fluoridation of Cambridge water--begun in August, 1960--would be discontinued. William H. McGinness, superintendent of the City's water department, said he would not net until he received "an official communication from the Election Commission," giving the results of the referendum. According to Commissioner Edward J. Samp, it may not be possible to send such a notice until next Thursday, when the Election Board will convene to validate its results...
...professional fund managers. Though redemptions have been rising faster, total sales of all funds are on the increase again. The stock market rise has helped to boost fund assets about $6 billion above last year. While the Dow Jones index gained 27% in the twelve months ending Sept. 30, net assets of the ten biggest funds rose an average 24% per share in the same period...
...average net profit on defense jobs has dropped to less than 3? on every contract dollar. Even that ardent cutter of costs, Defense Secretary Robert S. McNamara, does not think that the profits of defense contractors can be cut further. In fact, he now hopes to save billions on his defense budget by offering higher profits to defense companies that can hold their costs down. "We mustn't expect the savings to come from the 3? profit the average defense contract now provides," says McNamara. "We must seek to cut the 97? of costs...
...rewards of the new system could mean net profits as high as 10% for a company. The Pentagon says that one unnamed but efficient U.S. firm, in a test run of the new system, increased its gross profit from $805,000 to $960,000 on a contract for missile parts. But the system also includes, as well as increased rewards, penalties for failure to perform that could drive weak companies out of the defense business...