Word: nettings
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Dates: during 1950-1959
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...give to the President and Fellows of Harvard College, a Massachusetts charitable corporation,-----dollars, to establish a Scholarship in memory of-----, to be known as the--------Scholarship. The net income from this fund shall be used to provide one or more scholarships to students in Harvard College (or in the Harvard Law School, or if it is desired to include the College and all graduate schools, in Harvard University.) The net income from this fund may be expended each year or may be accumulated to provide additional scholarships in a subsequent year or years or added to the principal...
...A.F.L.-C.I.O., whose roving European Ambassador Irving Brown argues: "When we attack totalitarian systems, we can't justify an American company in Cyprus refusing its workers the right to organize." The company now finds itself beset by pickets, by recently raised taxes (from 35% to 42½% of net profits) and by the uncertainty of Cyprus' political future. Says the company's undeterred resident director, Robert J. Hendricks: "We hope to stay in Cyprus for a long time. Americans abroad have responsibilities. When we do leave Cyprus, we want to leave it a better place than when...
Actually, the debate over rent-free leases is academic: to pay rent would merely add to the cost of planes, in effect transfer Government funds from one pocket to the other. However, it still gives rise to an argument that planemakers make too much money in relation to their net worth. Thus, McDonnell's 1954 pre-tax profit of $14 million looks big beside its $24 million net worth. But the industry argues that the cold statistics take no account of the enormous investment in designers, engineers and production men, give little credit for years when profits are small...
Many planemakers think that the board's methods for determining a fair profit are vague, sometimes unfair. While most businessmen gauge profits in relation to sales, the board puts heavy weight on a company's net worth, along with such other factors as character of the business, extent of assumed risk and subcontracts, and inventive contribution. Even the Hebert committee recognizes that the renegotiation law is too vague...
Last month, when newsmen were admitted through the heavy security net around the Lincoln Laboratories, they saw for the first time the M.I.T.-developed SAGE warning system--"semi-automatic ground environment." Designed to eliminate human errors in data-processing, Project Lincoln's electronic devices assemble and evaluate battle information, and even direct the attack of interceptors. With the Bedford installation serving as a prototype coordinating the air defense of New England, 32 similar centers are projected for the United States and Canada...