Word: profitability
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Dates: during 1950-1959
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Often enough the importer does not bother to import the radios-he has them intercepted in Bangkok and sold at still higher profits. Sometimes the radios really reach Laos (marked with the universally recognized symbol of clasped hands in front of a U.S. flag). But before Laos' primitive customs guards can catch up and impose an import tax, the radios are smuggled back across the Mekong River and shipped into Bangkok for sale at handsome profits. Laotian officials, either out of confusion or collusion, have granted orders for some items that seem of questionable utility in a country that...
...urges the U.S. Government to give universities much more money for basic research, and to help state governments in their own educational and research programs. It also suggests that the income-tax laws be changed to favor non-profit research institutes and to encourage gifts for basic research from both corporate and individual taxpayers...
...steel industry, Republic Steel raised its nine-month earnings 30%, for a record $73 million, and Inland Steel lifted its nine-month net to $43 million, 18% over 1955, its best previous year. Among the oil companies, hurt by overproduction, Socony Mobil and Shell Oil both reported profit dips. But Phillips Petroleum and Texas Co. reported 1957 profits ahead...
HIGHER AIR FARES seem certain after CAB ends its general passenger-fare investigation. CAB staff, which turned down seven domestic carriers' applications for an interim 6% fare increase, now recommends that instead of 8% on their money, trunk lines should be allowed to earn a 9% profit, regional carriers...
...inescapable fact, as every automan knows, is that flash, dash and dazzle-what automen call style-are the attractions that sell new cars. Those brave enough, and successful enough, to produce startling new styles that catch the public fancy, as Chrysler discovered in 1957, can suddenly boost profits from $6,000,000 to $103 million (and rise from 15.9% to 19.5% of the market) in a single year. Conservatives who fall behind, as General Motors learned in 1957, can see profit figures change from $640 million to $602 million (and tumble from 51.4% to 45.5% of the market...