Word: nettings
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Dates: during 1950-1959
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...reason, and the fact that the quick write-off has been misused by some corporations, Congress' Hardy Subcommittee has denounced the policy as "the biggest bonanza that ever came down the Government pike." To many companies the policy was a bonanza. But there is no doubt that the net gains of quick amortization have been great enough to override its faults. The current loss in taxes will probably be made up eventually by taxes on expanded corporate incomes, just as the federal tax yield has kept increasing because of past expansions. Moreover, if the Government had built new plants...
...training rules, the Australians nonetheless sometimes seemed mentally over-wound, as if their play had become work. Facing powerful Lew Hoad, whose service is one of the fastest in amateur tennis, Vic Seixas showed the same flair for court tactics he demonstrated this year at Wimbledon. It was a net-rushing struggle, but in the end Seixas won in straight sets, 7-5, 6-4, 6-4. That left it up to Ken Rosewall to prevent the first all-American finals in the National since 1950. Armed with cunning and the best backhand among amateurs, little...
Nevertheless, newspaper brokers have worked out a number of complicated formulas-always subject to special exceptions-on which they make rough guesses. Sample formulas: the worth of the physical plant plus two or three times the net profit after taxes; the plant plus $10 to $20 for each subscriber; gross receipts plus 20% for good will. But even when they apply any or all of the formulas, brokers like Washington's Allan Kander admit that after they get the result, they "dive for a crystal ball." And the formulas cannot account for the huge increase in values represented...
...ever heard of." Added Little Mo, the hardest hitter in the ladies' division: "Men hit so much harder and run so much faster than women that we don't have a ghost of a chance against them . . . They are so much stronger at the net, [and] even when they stay back, it doesn't make much difference. The pro I played . . . hardly volleyed once, and still he killed...
Instead of starting the usual summer rally that brokers had expected, the stock market last week saw its sharpest shake-out since May. By week's end, the Dow-Jones industrial average registered a net loss of almost five points. There was just enough bearish talk in the air to make some traders jittery...