Word: profitable
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Dates: during 1940-1949
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...best, operating a public transit line can never really show a profit--not in these days of so much private transportation. Yet the MTA remains for a large number of people a very necessary utility. The public therefore will have to pay either by higher taxes or a fare increase to keep the system running; and the sooner the State realizes that and sets up the mechanics for a more efficient MTA, the less the public will have...
...grade on the cover and a lot of cryptic figures in the margins. Unless he can persuade the instructor to go over the examination with him, he still has no way of knowing what was good and what was poor in his paper. Part of self-education is to profit by one's own mistakes. Seniors in particular, preparing for General Examinations, can benefit enormously by reviewing old bluebooks. In other words, the same technique used by conscientious section men who pencil marginal comments in hour exams, should be extended to finals...
...reorganization itself brought new financial burdens. Though the millstone of gross profit dividends was removed from the public neck, it was done so very extravagantly. The State bought up the old El stocks at $85 per share when the market value of the stock averaged $57.50 and, in twenty years, had not exceeded $73. In reorganization, too, the public ownership clause exempted the new company from participation in the Federal Social Security Act benefits. The MTA had to set up its own pension system at an annual cost of $1,400,000. To add to the staggering totals, the outgoing...
...There is . . . between employers and workers a reciprocal bond . . . which only blind and unreasonable despotism would attempt to break. Employers and employees are not irreconcilable antagonists . . . They eat at the same table because . . . they eat and live out of the net national profit...
Before adjourning, the congress called for creation of profit-sharing systems, to give the workers a greater stake in their society. It also condemned absentee ownership, which, more & more, tends to leave the running of industry to hired managers...