Word: profitability
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Dates: during 1950-1959
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...national forests, administered by Agriculture Secretary Ezra Taft Benson, are also one of the few Government operations to turn a profit. In fiscal 1960 the Forest Service will spend $116,575,800 on its forests-including $38 million for roads and trails-but the forests will take in $129 million from timber sales, grazing fees and other items ranging down to rentals of 18,000 private summer homes on national forest land. The national forests' land, timber and forage alone are appraised at $7 billion...
...Previously secret fiscal details, produced after an ultimatum from the Commons, showed that the CBC made a profit on only 17 of 102 shows produced during a typical March week. Largest subsidy-wherein only $9,678 of the total cost of $30,132 was paid by sponsors-went to a Canadian version of the longtime U.S. radio and TV Hit Parade show...
...city of Mexico (pop. 14,000) on the south fork of the Salt River in Missouri's Little Dixie region, the afternoon Ledger has a four-county daily circulation of about 8,800, turns in a tidy annual profit for its owners and co-editors, L. Mitchell White and his son, Robert Mitchell White II. In the city of New York (pop. 8,000,000) on the east bank of the Hudson River, the morning Herald Tribune has a daily circulation of about 351,000, has returned little profit to its new owner, John Hay Whitney, U.S. Ambassador...
Operating in the black for the first month this year, the Lehigh Valley Railroad chalked up profits of $87,121 in May v. last May's loss of $284.321. The Norfolk & Western Railway raised its income in the first five months to $19 million with a $4,500,000 profit in May. One exception: the New Haven Railroad (TIME, June 22), which fell deeper into the red in May with a $517,039 loss, its fifth consecutive monthly loss and $150,000 greater than its loss in recession May 1958. To give the railroads hope for even better earnings...
...Nickerson's basic action verb is Borrow ("The road to riches is paved with borrowed money''). The parts of his scheme are equally simple: 1) "Buy only property that needs improvement"; 2) "Make selective improvements that increase value," e.g., paint, landscape; 3) "Keep selling at a profit and reinvesting...