Word: nettings
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Dates: during 1950-1959
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Once the U.S. had accepted the idea of pensions on a broad scale, private industrial plans spread rapidly, notably during World War II when the sky-high excess-profits tax made it possible for an employer to put $1,000,000 into a pension fund at a net cost of only $150,000. Today U.S. corporations have 13,000 retirement plans covering some 7,000,000 workers. On their own initiative, Americans have individually bought annuities that will pay them at least $750 million annually in their declining years, and are adding to this prospective income at a rate...
...most spectacularly successful has been the profit-sharing system of Sears, Roebuck & Co. Under Sears's 34-year-old plan, an employee may contribute 5%-up to $250-of his annual pay. The company, for its part, contributes anywhere from 5% to 9% of its net profits each year. The employee's contribution is kept in cash or Government bonds, thus guaranteeing that he will get back at least what he put in. The company's share is used to buy Sears any thus the employees benefit from dividends and any increase in the stock...
...energetic Ep Hoyt is not relaxing. He munches candy bars, swallows vitamin pills, and takes catnaps to keep going 18 hours a day. He traveled 45,000 miles last year, selling the Post to the empire. The hustle & bustle pays off. Last year's gross: $12,000,000 (net: more than $1,000,000). To Ep Hoyt and the Post that is not good enough. They share the old Bonfils motto, still published daily: "There is no hope for the satisfied...
Yesterday, the Yardling net team beat Williams in a well-deserved 6 to 3 victory. Tomorrow the freshman "A" and "B" teams play at Andover...
...seemed to be an ancient, encrusted cannonball. It turned out to be a clinker dumped off a World War II coal ship. A piece of ancient planking turned out to be part of the town pier. Some mysterious round objects turned out to be weights from a modern fishing net. A bonanza haul of large scallops had a solid market value of three shillings apiece in the London markets. But by week's end the divers had found a genuine Spanish dagger in a ten-inch sheath encrusted with rust, and two Spanish medallions...