Word: profiting
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Dates: during 1950-1959
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...Making a Profit. Physically, both papers resemble U.S. newspaper establishments, down to the electric-lighted news streamer, flowing endlessly in the Cyrillic alphabet, along the top of Izvestia's façade. Their newsmen earn surprisingly good salaries: a junior reporter on Pravda 's local 120-man staff gets 1,500 rubles ($375) a month base pay, plus an average of $250 more in space rates. Besides this
...news contingent, Pravda keeps 60 fulltime correspondents scattered throughout Russia, another 28 in world capitals. The paper controls a sanitarium, five Moscow apartment buildings, a secondary school, a school for printers, and the Pravda House of Culture. Its mammoth printing plant-49 Linotypes, 5,000 employes-harvests a handsome profit by printing 20 other newspapers and magazines on contract...
Though smaller (60 Moscow newsmen, 65 correspondents in Russia and ten abroad), Izvestia is every bit as profitable as big brother: on a recent visit to this country, Assistant Editor A. G. Baulin confided to a U.S. publisher that the paper reaps an annual profit of $10 million, clears 2? on every copy it sells...
...fast." Darvas thinks his system is the height of conservatism. Says he: "If you could play roulette with the assurance that whenever you bet $100 you could get out for $98 if you lost your bet, wouldn't you call that good odds?" If he has a big profit in a stock, he puts the stop-loss order just below the level at which a sliding stock should meet support. He bought Universal Controls at 18, sold it at 83 on the way down after it had hit 102. "I never bought a stock at the low or sold...
...Pontiac was at the top of the medium-price field, with 30% of that market; sales were up (117% in April, 60% for the year), and Pontiac was in a nip-and- tuck race with lower-priced Plymouth for third place in overall standings. On G.M.'s corporate-profit sheets, Pontiac stood second only to Chevrolet; around the G.M. building in Detroit there was quiet talk that Bunky Knudsen might well become G.M. president some day. From the start, Bill Knudsen insisted that his son be on his own. When Bunky was 14, his father told him that...