Word: profitability
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Dates: during 1950-1959
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...have been Democrats in the vicinity"). He lived up to his Algeresque origins by delivering newspapers, quit school at 16 to become a teacher, soon took a job as cub-of-all-work on the old Middletown Signal. He always had "a passionate interest in newspapers." Turning passion into profit, he put the Dayton Daily News into the black in less than five years after he bought the paper (for $26,000) in 1898, bought the Dayton Journal-Herald (current circ. 93,290), the Springfield, Ohio morning Sun (17,874) and Daily News (30,044) while expanding into Georgia...
...steel and retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal...
...offered farmers $145 an acre not to plant cotton. Then, Harris put his whole Pima County farm in the bank. Explaining his apparent flipflop, Farmer Harris says: "I wanted to show how silly, and how unnecessary, this whole thing is." He also saw a chance to turn a huge profit...
...penalty of 18½? per Ib. for growing cotton without an allotment. But even if the penalty amounts to $800,000 as it may, Farmer Harris will feel no pain. A fair-to-middling crop will likely yield him $1,200,000, plus his soil bank payments, or a profit of $600,000. Harris also has a 2,000-acre cotton patch near Fresno and a 1,000-acre field near Phoenix, both eligible for full price supports...
...terms were surprising because only a few months ago Iran demanded a 75-25 profit split from interested Italian investors v. the 50-50 split that is general in the Middle East. Parliament was preparing to write the new terms into law when the Shah intervened. Realizing that the new terms would discourage foreign money and know-how, he put his weight behind a new, more liberal law containing a 50-50 provision, plus other favorable provisions for foreign investors, e.g., a liberal write-off of expenses before profits are figured...