Word: nettings
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Dates: during 1950-1959
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...whether the change was good for the country or not. [They] cut down our armed forces-in the face of growing Communist strength -so they could claim to reduce Government spending. When they boast about the reduction, they don't tell you that every last nickel of the net reduction came out of our national defense. Well...
...General Motors announced a net profit of $1,189,000,000-the first year a corporation has topped $1 billion (previous peak: $834 million in 1950). G.M.'s profits outraced sales; on sales 27% higher than in 1954, G.M. netted 48% more profit...
...Steel scrapped the earning record established in 1916 ($271,500,000), set a new one of $370,197,625, almost double its '54 net. The current 1956 quarter, said President Roger M. Blough, could be the best ever in the company's history. CJ Kennecott Copper overcame a six-week-long strike to pile up a record $125,615,418, compared with $79,906,288 the year before...
...Regulation W type powers, it would have clamped them on last summer when consumer installment credit was jumping at the rate of $400 million to $500 million monthly. But without direct controls, it had to rely on an indirect method: it hiked the rediscount rate. As a result, the net increase in consumer installment credit dropped to $291 million in October. It rose again seasonally because of heavy Christmas buying to $345 million in November and $438 million in December. Since it takes several months for indirect controls to take firm hold on the economy, FRB economists now expect consumer...
...nations, mainly Russia. The subcommittee voted unanimously for public hearings on the effect of an agreement two years ago to cut the Battle Act embargo list for Western Allies from 297 to 217 items and the international quantitative control list from 90 to 20 items. The net result, rumbled Subcommittee Chairman John McClellan, had been to release "war-useful items that under no circumstances should be handed over to the Soviets...