Word: overheads
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Dates: during 1950-1959
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...business, approved by the Massachusetts Department of Corporations and Taxation, and open to their inspection. The heart of the matter is that virtually all the income passing through the Corporation goes to students for wages; and that the Corporation itself plans just to break even on operating expenses and overhead. No officer of the Corporation and no Director receives...
Because of this tax exemption and the low overhead costs derived from having offices on University property, HSA has a financial advantage which makes it extremely unfair competition for Harvard Square merchants. Already the proposed creation of a photographic agency threatens to move the HSA into such a competitive position. HSA's vying for business with Square merchants is also bad for Cambridge-Harvard relations, which, on the whole have been some thing less than felicitous of late...
...battle for Cuba, his ragged rebel army showed clearly enough what it could and could not do against the well-armed troops of Dictator Fulgencio Batista. Disorder spread through Oriente province as five rebel columns, totaling about a thousand men, roamed almost at will, blockading highways, cutting overhead wires, hacking down telephone poles. But when Castro dared close with the army in battle, the rebels were slaughtered...
...firewood, then the extension leaves from her dining-room and kitchen tables then her cat's wooden house. Police guarding the Hudson River's George Washington Bridge turned back convertibles, fear ful that jagged chunks of ice, torn by wind from the girders and cables far overhead, might crash through the fabric roofs...
...they must now get out and sell. With a tighter economy, companies are also replacing marginal workers with more efficient hands. Los Angeles' Broadway-Hale Stores has cut employment 7% so far this year, and expects a 4.6% sales decrease. Yet by improving the work force and reducing overhead. President Edward W. Carter expects to keep profits steady...