Word: profitlessness
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What brought on the increased earnings? The First National City Bank concluded that most of the improvement came from increased sales rather than any victory over rising costs-a state of affairs that convinces some businessmen that the "soaring 60s" will be an era of "profitless prosperity." But in last week's reports, a number of companies that had improved their earnings even over the second quarter of 1960, showed that this need not be the case. Among the pace setters...
...unjustly caricatures the fundamentalists as vicious and narrow-minded hypocrites, just as wildly and unwisely idealizes their opponents, as personified in Darrow. Actually, the fundamentalist position, even when carried to the extreme that Bryan struck when he denied that man is a mammal, is scarcely more absurd and profitless than the shallow scientism that the picture offers as a substitute for religious faith and experience...
...turn a profit on Manhattan hotels that are costing $20,000 a room to build. He replies that the skeptics are still thinking in terms of the '30s, points out that he has already booked 75 conventions into the unbuilt Americana. He has no intention of running profitless operations. In only a year as Loew's chief stockholder (he served as chairman of the executive committee before becoming company chairman and chief executive last month), he has cut costs and improved business so much that the firm's earnings will be up 33% this year over last...
...Waiting Game. Against all this, the Kennedy forces seem, immersed in a profitless Congress session, busy patching up wounds inside the party and working in subterranean fashion on leaders of bloc interests. That is the necessary groundwork of successful organizing and calculated to pay off later, but it is not what inspires now. Kennedy efficiency is accepted: in fact, it is part of the commonly heard phrase that Nixon and Kennedy are two of a kind-organization...
Chrysler of late has been suffering from a profitless prosperity; first-quarter profits dropped 28% in 1960 under 1959, though sales were up 34%. Part of the problem is rising costs, but Colbert is determined that none of the slippage should result from supplier overcharging and executive rake-offs...