Word: profitable
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Dates: during 1940-1949
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Said unhappy "Hap" Arnold: "We have not placed the contracts [for 4,200] . . . due to the fact that the industry feels that there are so many uncertainties, unknown quantities that they have to contend with. . . . The Vinson-Trammell [profit limitation] Act has something to do with it; taxes; uncertainties with regard to labor. ..." Said Rear Admiral Towers, recalling that Congress had cut the allowed profit on Navy contracts and Army aircraft contracts from 12 to 8%: "There are two reasons. The reduction in . . . profit . . . has made it very difficult for the aircraft manufacturer to place subcontracts [which] work out about...
...that the Army, the Navy, and the British Purchasing Commission were tangled in each other's hair. Present profit limitations apply to all Navy equipment and Army aircraft, but not to other Army items. Results: 1) the Navy could not place some contracts because the Army could offer manufacturers a higher profit; 2) some manufacturers preferred to do business with the British, or even with private customers, who put no limitations on profits. If this was correct, Mr. Roosevelt's Defense Commission had not done so well at clearing up such conflicts as was generally supposed...
...examples: U. S. Steel Corp. had postponed construction of a $4,000,000 mill to make Navy steel; subcontractors refused to make 144 anti-aircraft guns (for 28 new destroyers). Reason: "There is much more business in the country than they can take on without being subjected to [profit] provisions...
...Established Church, left their cooperative village in British Columbia and settled on Annette Island, in U. S. territory. Four years later an act of Congress gave them the land for their own. Today, in their fisheries and canneries, Metlakatla's 466 inhabitants make an average community profit of around $80,000 a year. Every male Metlakatlan owns store clothes, gets barbershop haircuts. Most of them own their own motorboats (value $2,000 to $20,000). The villagers get power from the community hydroelectric plant, recreation in the commu nity's $60,000 public hall, where Metlakatla...
...higher-browed steps. Ex-Showgirl Graham's first serious show was given in 1926 in Manhattan's 48th Street Theatre, backed by $11.25 which she had saved. A deficit of more than that would have sent her back to the Follies. The box office made a profit ($2) and Martha went...