Word: profitsâ
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...more powerful. The result is that farmers have been forced into financing decisions as intricate as those facing corporate treasurers. Borrowing money at interest rates of up to 12% to buy or rent additional land and invest in machinery can improve a farm's productivity and profits???or it can ruin a farmer who expands too fast while crop prices are falling, as many growers did in 1976-77. Indeed, the angry protests last fall and winter came largely from younger, undercapitalized farmers who borrowed and bought too much too soon and were badly squeezed by inflation...
...give something to everybody. Labor demanded a tripartite board, including union representatives, to determine pay, while business insisted that only public representatives chosen by a Republican White House rule on prices. Each won its point. Labor in addition got some Government gestures toward control of interest rates and profits???but the limits on "windfall" profits are so far not strict enough to anger corporate chiefs...
...largely responsible for the dazzling but dangerous cult of "performance." This notion, which began taking root in 1965, was that aggressive institutions could wring more profit from a rising market by swinging in and out of glamour issues than by holding on to solid stocks. Trading volume?and brokers' profits???rocketed. Go-go funds made great leaps, and even some staid trust officers in banks joined the stampede to buy and sell. According to a study released last week by the Twentieth Century Fund, the trading policies of mutual funds contributed to "excessive" price swings among small, speculative issues...
...given a few directions to his trusty group of executives. The afternoon he had passed at his 1,000-acre estate on Long Island. He never felt better, he said. And others, as the year neared its end, were speaking of the phenomenal Sun profits???at least $1,000,000. Suddenly, at dinner, he became ill. Within a few hours, on the advice of Drs. Frank R. Oastler and Samuel W. Lambert, he was moved to the Lenox Hill Hospital. There was an operation for appendicitis, and a few days later, a minor operation. Then, in the small hours...
...THEY LIVED HAPPILY EVER AFTER !?Meredith Nicholson? Scribners ($2.00). Mort Crane was a printer in Indianapolis, and his wife Alice owned a fourth interest in the printing business in which he was Vice President and Secretary. He loved his work and his wife loved the profits???or she would have loved them if they had been larger. So Alice after 17 years began to think Mort was a futile little man, that Howard Spencer, who owned three fourths of the "Press," was a very fine man, and that the "Press" should be expanded. Mort Crane could not think...
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