Word: profits
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Dates: during 1950-1959
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...trouble began months ago when France's 63,000 neighborhood bakers decided that the 45 francs (about 14?) the government allowed them to charge for a pound of bread did not give them enough profit. The bakers asked for an increase of one franc a pound in the ceiling price. The best they could get out of the government was a compromise offer to lower flour taxes and thereby increase the profit margin by about half a franc per pound...
...live on the shifting margins of the law. While bookmaking is illegal in all states except Nevada, federal law demands a 10% tax on all bets accepted. The bite is big enough to put any bookie out of business, for competition has driven the book's margin of profit-"vigorish" or "juice," as it is known to the trade-down to a modest 4.8% on football and basketball, only 2.4% on baseball. Bookies who go through the motions of paying their taxes simply try to get away with listing all bets at 10% of their actual figure...
...Bell has never forgotten that his big job is turning a profit for stockholders. This year Bell will do some $200 million business (profit: more than $6,000,000) without making a single conventional plane. Instead, Bell has 94 military contracts, including its own Rascal air-to-ground guided missile...
Thus far each of the roads has been able to go it alone. The Erie, biggest of the three (2,338 miles), picked up enough revenue carting freight between the Great Lakes and the Eastern industrial area to turn a $7,900,000 profit last year, expects a 10% boost this year. The small (792 miles) D. & H. is also in good shape; through the Delaware & Hudson holding company it picked up 34% of its traffic, mostly from its own coal mines, netted $8,900,000 last year on a gross of $76.9 million. Only the 962-mile Lackawanna...
Nevertheless, the roads are sure to profit by a merger. All three run parallel routes along sizable sections of track, could save millions in maintenance and tax charges by abandoning some sections, downgrading others. Since all three are dieselized, they would need less equipment, could shift engines from one section to another as traffic demanded, could also combine many duplicating services, from secretaries to freight yards...