Word: one-twelfth
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...with a 20% interest in his firm (which he left in trust to colleges, churches and hospitals), he never retired entirely. Last week, at 70, Charlie Merrill died in his sleep at his Southampton home. Recently he gave one of his last bits of advice to Main Street: "I think every American would do well to invest one-twelfth of his investable funds monthly in stocks over the next five years...
...Baghdad anti-Communist pacts: the more that neutral India and Egypt play up to the Reds, the more economic aid Washington seems eager to force upon them. Last week U.S. Ambassador Horace Hildreth † went on the Pakistani radio to quote figures showing that neutral nations have received one-twelfth as much monetary aid per capita as those countries which have signed military agreements with the U.S. That didn't seem to be what Pakistanis wanted to hear at all. "Americans have to be more emphatic in the expression of their friendship," replied a government spokesman...
...capacity well above prewar; at the same time, its traditional markets, notably in Russia and China, have all but disappeared. In 1953, Dutchmen, French and Germans sell Eastern Europe barely one-half, and buy only a quarter, of what they did in 1938. Japan's trade with the Chinese mainland, which accounted for 21% of all Japanese foreign trade in 1938, has shrunk to less than one-twelfth of 1% of her overseas trade...
...required to back up a winning hand. Last week Gulf Oil Corp., fifth biggest in the industry, provided a prime example. It announced that it will spend another $200 million to expand its refining and manufacturing operations, bringing its total expansion since war's end to $1 billion, one-twelfth of the whole U.S. industry's postwar investments. With such huge costs for hunting and producing oil, not even the giants can afford many mistakes. Says Gulf's 51-year-old President Sidney A. Swensrud: "A man used to be a good executive if he guessed right...
...little red schoolhouse may be on the way out, but it is still far from extinct. Last week the U.S. Office of Education gave out the facts & figures. Though one-room schools have been folding up at the rate of twelve a day for 30 years, there are still 75,000 left. They account for nearly one-half of all U.S. public-school buildings, employ one-twelfth of U.S. teachers, have an enrollment of one-sixteenth (1,500,000) of U.S. schoolchildren...