Word: perring
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Dates: during 1960-1969
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...slanderous to state that "because of federal limitations on logging operations and poor forest-management techniques, the Government's holdings yield only a quarter as much timber per acre as private timberland" [March 28]. The Forest Service has led the way in forest management. The national forests lend the only stability that exists in the timber industry, and on the poorest sites for timber production. The private timberlands, thanks to the generous land giveaways of the 1800s, are of deep, rich soils in the lowlands, while the national forests embrace the rugged mountain ranges that have thin delicate soils...
...more effective weapons that the U.S. has in Viet Nam: B-52 raids. Despite what he called a "strong recommendation" from General Creighton Abrams, the U.S. commander in Viet Nam, Laird suggested reducing B-52 sorties by more than 10%, from 1,800 to 1,600 per month. The savings would come chiefly in the planes' 30-ton bomb loads, which cost $42,000. There would be little tactical impact; probably the same number of B-52 missions will be flown as before, but they may involve five planes rather than the standard...
...that Michigan Democrat Philip Hart gave his wife to feed the two of them and four of their children was $33.86. Skinflint? Not at all. The Harts were simply learning what it is like to be a family receiving an Aid to Families with Dependent Children allowance (about 25? per person per meal). Mrs. Hart discovered that the family fare ran heavily to beans, cheap vegetables and bread, with an occasional tough old rooster for the stew pot. "I can see how people would just take the entire amount," said she, "and buy a bottle and blot the whole thing...
...Goodrich Co., fighting a takeover by Northwest Industries, increased its 1968 profit from $2.76 per share to $3.25 through two maneuvers. The company shifted to straight-line depreciation and changed its method of tabulating earnings. Higher profits, of course, would tend to lift the price of Goodrich's stock -making it more difficult for Northwest to buy control...
...Per-Share Perplexity. The board's most complex decision came as it struggled to divulge what Savoie calls "ersatz earnings"-per-share profits derived from fancy financial footwork. This is a sensitive matter because many investors mistakenly believe that they can gauge a stock's merit simply by checking per-share earnings. The board ruled that companies with a complicated mix of securities may no longer merely divide their net profits by the number of shares outstanding to arrive at per-share earnings. Instead, companies must reduce the net to allow for future conversion of all warrants...