Word: offsets
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Dates: during 1940-1949
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...concluded Mr. Voorhees: "It is clear that wage rises have greatly exceeded the production required to offset them and hence must be covered in an abnormal price rise. But the first abnormal wage and price rise starts a wave of other increases. You can see it coming today in thousands of items. And then where are we? We are on our way to the final squeeze by the customer-for the customer always has his own ceiling price...
...much did the 113-day strike cost General Motors Corp.? Last week G.M.'s Alfred P. Sloan Jr. intoned the sad answer: an operating loss of $88.9 million. G.M. figured that $53 million would be offset by tax recoveries from the Federal Government, under the carry-back provision of the excess-profits tax. (But the amount may be reduced if G.M. shows a substantial profit for the full year.) Thus, G.M.'s net loss for the first quarter, the reddest report seen since depression days, was $36 million v. a 1945 first-quarter profit of $50 million. Nevertheless...
Chrysler Corp. reported a substantial first-quarter loss last week of $8,400,000, offset an even higher percentage of it ($7,200,000) with expected tax recoveries. But Chrysler President K. T. Keller was not very cheerful about the future. Said he: "The prospect for any substantial increase in the rate of production [now 50% of capacity] . . . is not good...
...chronicle of these events called F.Y.I, (meaning For Your Information, as distinct from For Publication) arrives weekly at the desk of everybody in TIME Inc. It is an informal, six-page, single-spaced, photo-offset bulletin put out without benefit of slick paper or inspirational messages from the officers of this corporation...
Stanton's ten vice presidents (average age, 45) agree with him and Paley that CBS must concentrate on news, drama, public service programs and music to offset NBC's stranglehold on comedy. Last week, two new V.P.s-39-year-old Davidson Taylor and 41-year-old Edward R. Murrow-took over programming completely after Vice President Douglas Coulter "resigned...